I often refer to all this as ‘stuff you should have been taught in school’. It’s all very well getting an accountant to sort everything out for you but as a business owner the buck stops at you! It’s absolutely essential that you have a basic understanding of how self employment works in the UK. You need to arm yourself with as much information as possible before you start on your small business journey.

Starting your Small Business

How to Become Self Employed in the UK

Business Startup Checklist

Are you thinking of setting up a new small business or side hustle in the UK? Want to ditch the …
Monopoly Board

How to register to be 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 …
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 …
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 …
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 …
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 …
Sole Trader vs Limited Company

Limited company or sole trader – what’s the difference?

In the UK there are normally two options for setting up in business. You can either be a limited company …
How to Build a WordPress Website

How to Make a Free Business Website using WordPress

WordPress is free and probably the most industry standard tool out there for creating a free business website. You just …

Essential Tax & Accounting Concepts

Coins

UK Self Employed Tax & Accounts

As a self employed small business owner, one of the most daunting things you need to get your head around …
What is an Invoice

How do you create a self-employed invoice?

So you’ve thought of an awesome business name, you’ve registered for self employment, you’ve set up your business bank account …
Tax and Accounts in the UK

What is Cash Basis accounting in the UK?

Cash accounting or the ‘cash basis’ is a method of accounting that you need to understand if you run a …
Small Business Toolbox - Self Employment an Small Business Tips

What is Turnover in business?

Turnover is the most fundamental measure of business performance. It’s probably one of the easiest metrics to get a quick …
Small Business Toolbox - UK Self Employment Information

What is National Insurance?

National Insurance in the UK is a tax that a lot of self employed folk seem to forget about. It’s …
Pro Forma Invoice

How to get Paid in Advance? Pro Forma Invoices!

There are often situations in business where you may need to get paid in advance for products or services. For …
Is Cash Dead

What is Profit and EBITDA?

In the world of self employment the most important thing you need to make is a profit. If you don’t, …
Do You Need a Business Bank Account

What is VAT?

As your business grows you’re going to have to cater for a thing called ‘Value Added Tax’. It’s a consumer …