The HMRC tax year

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.

 

Anita is a Chartered Accountant, turned blogger and creator of the ever popular free Go Self Employed Email Mini Course, which has been completed by hundreds of attendees all over the UK. Using her 10 years experience in accounting, tax and operations for Small Businesses, Anita is on a mission to make finance simple for the self employed, so they can stop stressing about tax & finances and focus on building profitable businesses which will give them the lifestyle they dream of.