The 2020 budget has been long awaited. Delayed due to Brexit shenanigans, scuppered by a general election, complicated by a change of chancellor and then almost entirely wiped out by a global pandemic, this has been a hard one to get across the line. Across the line it is and Rishi Sunak did an admirable job. So what does it all mean for you hard working self employed folk out there? Let’s find out!
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.