My Money webinar: Self-employed tax basics – and what to expect in 2021
- 12:30PM - 1:30PM, 5 Nov 2020
In this session, Andy Chamberlain, IPSE’s Director of Policy, and Jon Harris, an accountant at TaxScouts, walk through the tax basics everyone needs to know if they’re self-employed.
Covering areas including expenses, tax reliefs and pandemic-related support, the session is perfect for anyone starting out as self-employed or wanting a refresh as we head closer towards the tax return deadline on 31 January 2021.
The webinar will cover:
The 101: The reason tax returns are stressful
Things for you to consider and revisit periodically
- Do I need a Limited company?
- Record-keeping and deadlines
- VAT and the Flat Rate Scheme
Things to consider in 2021
- 31 January 2021 Covid-19 changes – Time to Pay applications
- Payments on Account for 2020/21
- SEISS grants round 3 and 4 (and accounting for rounds 1 and 2)
Plus there will be plenty of time for questions. As always, email your questions in advance to [email protected] with the subject ‘Questions for the My Money webinar: Self-employed tax basics’.
Jon Harris ACMA, CGMA, MA, FRSA is a TaxScouts accountant, graduate of Cambridge University, a Chartered Management Accountant (CGMA) and a qualified organisational psychologist. He started his career in the arts, producing and managing the finances of theatre shows in the West End and on tour all over the world.
His practice "Accounting4Actors" provides tax and financial services to hundreds of self-employed clients in the creative and cultural industries as well as theatre, TV, film and music production companies. Jon is a Fellow of the Royal Society of Arts and Chair of Trustees of the Musical Theatre Academy.
Andy Chamberlain is responsible for IPSE’s tax policy and has a special interest in labour market changes, employment status, IR35 and Making Tax Digital. In 2015 he led IPSE’s campaign against proposals to restrict travel and subsistence tax relief for incorporated entities.
Andy worked with EY to develop IPSE’s concept for a new corporate form – the Freelancer Limited Company – which would deliver clarity of legal and tax status for the smallest businesses, while also protecting revenue for the Exchequer.
He is currently working IPSE’s IR35 in the private sector strategy and the government’s response to COVID-19.
This webinar is part of the My Money event - a month of financial guidance just for the self-employed. Visit the My Money website for further details and to sign up to other webinars throughout November. All My Money webinars are free to attend.
All webinars at the My Money event aim to provide guidance and not financial advice. We recommend you always complete your own research to ensure it is right for your specific circumstances.