In this on demand CPD course, Rebecca Benneyworth MBE answers all of your questions on Accounting for and Taxing COVID Support Payments.
This is a topic that Rebecca has been inundated with questions on, and in this one-hour course, she walks through completing the tax returns live on screen.
Rebecca will also be demonstrating where the entries go for both income tax (sole traders and partnerships) and corporation tax, whilst explaining the difference in entries for sole traders, partnerships and limited companies in an effort to eliminate the confusion around this particular aspect.
During the last two years, this has become a 100% digital practice. She is Chair of the HMRC Digital Advisory Group, providing help and support to HMRC in understanding the challenges that Making Tax Digital presents to small businesses and their advisers. She is also a member of the Admin Burdens Advisory Board, an independent advisory group to HMRC monitoring the burdens which the tax system imposes on businesses.