The HMRC tax year runs from 6 April to 5 April and it is the amount of business profit you make during this time period that you will most likely need to pay tax on.

We talk about record keeping on Day 5, but you need to ensure you keep details of your business income and costs in a way that you can easily extract the information you need to work out your business profits for the tax year.

 

I built this site to help self employed business owners grow profitable businesses by making the intimidating aspects of business and tax easy to understand with ‘How to’ Articles, Guides and Courses. Take a look around and you'll find all essential information you need to know to go self employed, launch a new venture and run a profitable business.