The 2020/21 tax year in the UK runs from 6th April 2020 to 5th April 2021. Tax returns for this tax year are generally due by 31st January 2022. Here are some of the most common at-a-glance figures you might find useful for the next tax year.
At the time of writing we’re approaching the start of the 2020’s. Physical cash is dead. Everyone wants to pay by credit card or contactless technologies. It’s more professional and it means you no longer need to be an unpaid credit facility for your customers. Money can circulate around your business faster and this can massively promote growth, especially in the early days of self employment. In this article we’re asking the question, is cash finally dead?
Here's the tax and NI calculator I used on this recent video so that you can play along at home. It's just designed for smaller businesses and doesn't cater for higher tax bands or more complex tax scenarios.
There are few things in life more stressful than a tax audit. Just when you think you’re on top of things that little brown envelope comes through the post and inside is an ominous looking letter. Not printer on the usual white paper but instead on a scary looking grey paper. At the top of the letter is says “Check of Self Assessment tax return for the year ended 5 April 2013” (in my case) and it’s accompanied by a leaflet “General information about compliance checks”. You’re being audited by HMRC and it’s time to put your record keeping to the test.
Now that you’ve built your shiny new website it’s important that you keep everything secure. Any website can be hacked and there are a few simple steps you can take to minimise the chances of anything going wrong.
You don’t have to install Plugins for WordPress but there are a few that I like to use by default. In this article we’ll chat about what plugins are, how to install them and I’ll give you a list of some of my favourite plugins for WordPress.
You should now have WordPress installed so let me give you a guided tour so you know where everything is. I’m using the free Twenty Seventeen theme and I’ll explain everything from widgets to blog sidebars.
Another optional step! If you don’t already have one you’ll need a logo for your business website. This is just a very chilled timelapse of me making the logo for this site. I’m no graphic designer but I’m happy with the final result.
Working out how much to charge your customers is an essential part of running your business. In this members-only article you can download my hourly rate calculator spreadsheet.
Once your web hosting is up and running it’s time to install WordPress. Some hosts will do this automatically for you but I prefer to do it manually. You’ll learn more about how everything works and if something breaks in the future you’ll stand a better chance of fixing it.