The Nuts and Bolts of Self Employment

There are over 5 million self employed folk in the UK. Small businesses are the backbone of the British economy and represent over 15% of workforce. Whether you’re a window cleaner, a plumber, a shop owner or operate an online business, you’ve taken the brave step off the corporate ladder to be your own boss.

Recent Small Business Articles

Tide business account review

As a small business owner you really need a dedicated business bank account. This can take weeks or even months ...
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22 April 2023

Tide introduce Cashflow Insights – so what is it?

Tide have identified a pain point of most small businesses and that’s cash flow management. Cashflow Insights from Tide is ...
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20 November 2021

UK small business tax rates 2023/24 – at a glance!

At the time of writing, on 3rd April 2023, there was very little information on the gov.uk website about self ...
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3 April 2023

Making Tax Digital for Income Tax – a disaster for small business?

So you know how you currently do your taxes once a year and you have 10 months to fill in ...
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16 November 2022

Self employed taxes in the UK – what records do you need to keep?

Let's have a little chat about self employed taxes and record keeping in the UK. As a self employed person, ...
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7 February 2023

UK small business tax rates 2022/23 – at a glance!

There's good news and bad news. Income tax rates generally aren't increasing. However as inflation steadily rises tax breaks such ...
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27 February 2022

Browse all public articles here or member-only content here.

Small Business Basics

Registering as self employed in the UK

Becoming self employed can be the biggest adventure of your life. You'll be your own boss and everything you do ...
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Do you pay Tax on Small Earnings in the UK?

Here's a really commonly asked question, do you pay tax on small earnings in the UK? So for example income ...
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Choosing a Business Name?

It may sound trivial, but selecting a good name for your business is one of the FIRST things you need ...
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Do You Need a Business Bank Account in the UK?

OK, so you've picked your business name. You've sorted your domain names. You've got your social media accounts sorted. Let's ...
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How Much Should I Charge?

One of the most fundamental things you need to get vaguely right before you set up any business is deciding ...
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Limited company or sole trader – what’s the difference?

In the UK there are normally two options for setting up in business. You can either be a limited company ...
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Thinking of becoming self employed? From invoicing customers through to picking a business name – visit this page for your checklist of essential small business knowledge.

Important dates for 2023

CURRENT TAX YEAR: 2023/24

You are working in the tax year covering 6th April 2023 to 5th April 2024.

TAX RETURN YEAR: 2022/23

You should have already submitted your tax return for the tax year covering 6th April 2021 to 5th April 2022. You should now be preparing your tax return for the 2022/23 financial year (ending 5th April 2023).

TAX DEADLINE: 31 Jan 2024

The final deadline for your current tax return and any tax due is 31 Jan 2024 – this is for the 2022/23 tax year. It doesn’t cover deadlines for any payments on account. For more key dates and figures visit this page.

Member-Only Content

All Downloadable Spreadsheets (Members Only)

By popular demand, here's a full list of all downloadable example spreadsheets that may be useful for your small business ...
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Profit Explained Spreadsheet (Members Only)

Here's the recent video all about different types of profit. You can download the spreadsheet I used underneath the video ...
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Spreadsheet Example Download (Members Only)

I've just released the second part in my mini-series about learning to use Microsoft Excel. Here's the public vid: Attached ...
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Tax and NI Calculator (Members Only)

Hey everyone! You may have already seen the public video all about National Insurance. Downloads If you want to play ...
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Hourly Rate Calculator (Members Only)

LATEST UPDATES – Jan 2023: Figures updated for the 2022/23 tax year. Downloads in .ODS Open Document format for the ...
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Pro Forma Invoice Template (Members Only)

Hi everyone! Hope you're all well and full of busy! Here's the video all about pro-forma invoices: Here's a template ...
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Income and Expense Tracking Spreadsheet (Members Only)

A few of you asked for this so hopefully it will help. This is just a really simple tracking spreadsheet ...
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Simple Invoice & Quote Template (Members Only)

Hey folks! Hope you're all well and business is good! Here's a sample invoice and quote template for that you ...
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