Small Business Toolbox

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! 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.
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Important Dates for 2020/21!

CURRENT TAX YEAR:
2020/21

You are working in the tax year covering 6th April 2020 to 5th April 2021.

TAX RETURN YEAR:
2019/20

You should be working on or have submitted your tax return for the tax year covering 6th April 2019 to 5th April 2020.

TAX DEADLINE:
31 Jan 2021

The final deadline for your current tax return is 31 Jan 2021 — this is for the 2019/20 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.

IMPORTANT: I am not in any way qualified to give you accountancy or legal advice. Always seek help from a qualified professional. This website and associated YouTube channel is intended to arm you with the information that you will hopefully find useful on your small business journey.