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 introduce Cashflow Insights – so what is it?
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Digital Downloads and the EU VAT MOSS Debacle
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A Very Simple History of Brexit in the UK
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UK self employed tax rates 2021/22 – at a glance!
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How do you use a Zettle credit card reader?
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Tide account review: Is a Tide account right for me?
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Browse all public articles here or member-only content here.
Small Business Basics
How to become Self Employed in the UK
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Do you pay Tax on Small Earnings in the UK?
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Choosing a Business Name?
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Do You Need a Business Bank Account in the UK?
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How Much Should I Charge?
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Sole Trader vs 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.
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.
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
CURRENT TAX YEAR: 2021/22
You are working in the tax year covering 6th April 2021 to 5th April 2022.
TAX RETURN YEAR: 2020/21
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
Profit Explained Spreadsheet (Members Only)
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Spreadsheet Example Download (Members Only)
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Tax and NI Calculator (Members Only)
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Hourly Rate Calculator (Members Only)
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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.