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.
Welcome to the Small Business Toolbox. I’m Andy Mac and I’ve run my own small businesses for my entire adult life. This is a no-nonsense and completely independent guide to self employment and small business life in the UK.
Running a small business can be one of the most exciting experiences of your life. It all starts with being self employed and this site is here to keep you company on your self-made journey.
Important dates for 2023
CURRENT TAX YEAR: 2022/23
You are working in the tax year covering 6th April 2022 to 5th April 2023.
TAX RETURN YEAR: 2021/22
You should have submitted your tax return for the tax year covering 6th April 2021 to 5th April 2022. Absolute deadline, including payment of any outstanding tax, 31st Jan 2023.
TAX DEADLINE: 31 Jan 2023
The final deadline for your current tax return and any tax due is 31 Jan 2023 – this is for the 2021/22 tax year. It doesn’t cover deadlines for any payments on account. For more key dates and figures visit this page.
Hey folks! Hope you're all well and business is good! Here's a sample invoice and quote template for that you ... Read More
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