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 Cashflow Insights

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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HMRC Digital Services Threshold

Digital Downloads and the EU VAT MOSS Debacle

Do you directly sell digital products such as PDF plans, downloadable software or electronic training courses? Welcome to a whole ...
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History of Brexit

A Very Simple History of Brexit in the UK

I'm not going to get in to the politics of Brexit - far too busy for that. Like it or ...
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UK self employed tax rates 2021/22 – at a glance!

The 2021/22 tax year in the UK runs from 6th April 2021 to 5th April 2022. Tax returns for this ...
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How to use iZettle to take Credit and Debit Cards

How do you use a Zettle credit card reader?

Being able to accept credit cards is essential for any modern business. Cash is dead and moving with the times ...
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Tide Bank Account Review

Tide account review: Is a Tide account right for me?

As a small business owner one of the first things you need to sort out is a bank account. With ...
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Browse all public articles here or member-only content here.

Small Business Basics

Monopoly Board

How to become 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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Tax on Small Earnings in the UK

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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What Name for my Business

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

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 to Charge when Self Employed

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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Sole Trader vs Limited Company

Sole Trader vs Limited Company

In the UK there are normally two options for setting up in business. You can either be a self employed ...
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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.

About this Site

Welcome to the Small Business Toolbox! I’m Andy Mac and I’ve been self employed for AAAAGES! This is a no-nonsense and completely independent guide to self employment and small business life in the UK. Written by the self employed, for the self employed.

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.

Should I become self employed?
Watch this video on YouTube.
Concerned about privacy? Please read our Privacy Policy before watching videos on this site - link at the bottom of every page. Thank you!

Important dates for 2021/2022


You are working in the tax year covering 6th April 2021 to 5th April 2022.


You should be working on or have submitted your tax return for the tax year covering 6th April 2020 to 5th April 2021.

TAX DEADLINE: 31 Jan 2022

The final deadline for your current tax return is 31 Jan 2022 — this is for the 2020/21 tax year. It doesn’t cover deadlines for any payments on account and also doesn’t cater for any additional factors caused by the Coronavirus outbreak. For more key dates and figures visit this page.

Recent Member-Only Articles

Is Cash Dead

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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Small Business Toolbox - Self Employment an Small Business Tips

Spreadsheet Example Download (Members Only)

Hey folks! Hope you're all well, staying safe and coping in these difficult times! I've just released the second part ...
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Tax and Accounts in the UK

Tax and NI Calculator (Members Only)

Hey everyone! You may have already seen the public video all about National Insurance. If you want to play along ...
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How Much Should I Charge

Hourly Rate Calculator (Members Only)

Hey folks - hope you're all well! LOTS of updates to the hourly rates spreadsheet for you. This new version ...
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Become a Member

Get access to member-only downloads and even more exclusive content. From invoice templates through to income trackers and more. You will also be able to post comments on articles and discuss business ideas with other members. How much are you planning on investing in building a successful business? Remember you can cancel your subscription at any time.

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