The Start Up Diaries - new horizons

Viewed: 1622 times

The last few months have been exciting for our three business owners. Find out about Nick's book deal, Ruth's expansion strategy and plans for Hannah's new arrival.

Embed Code

Our Other Videos

The Start Up Diaries - new horizons

The Start Up Diaries - new horizons

The last few months have been exciting for our three business owners. Find out about Nick's book deal, Ruth's expansion strategy and plans for Hannah's new arrival....

The Start Up Diaries - coping with the credit crunch

The Start Up Diaries - coping with the credit crunch

This year has been tough for businesses: find out how our three new business owners are making it work...

The Start Up Diaries - getting started

The Start Up Diaries - getting started

Catch up with our new small business owners as they get started. Hannah has exciting news, Nick has things keeping him awake at night and Ruth has big plans......

HMRC-The Start-up Diaries - Intro

HMRC-The Start-up Diaries - Intro

What kind of person decides to take the plunge and go it alone - and why? Meet Ruth, Nick and Hannah.......

Description

Tax help

The Start Up Diaries

If you're thinking of starting a business, or you've just got going, it helps to know others in the same boat - so we are following three different people from the beginning as they set up their own business. Here they tell us in their own words what it's like to go it alone - you can watch episodes here on StartupTV...

Important Dates For Your Tax Calendar

Efficient record keeping and the cumbersome tax return is the baneof thousands of self-employed peoples lives. However, if you knowexactly what you need to submit and when you need to do it, things geta lot easier.

Make note of the following dates, write them in your calendar, set up reminders on your computer. Whatever you do,dont ignore them. If you can plan ahead youll find the whole process far less daunting.

April 6 2009 First day of the new tax year
This is where everything starts from new. Youll need to start organising detailed records from this date to be able to do your tax return for the financial year 2009/10.

July 31 2009 Deadline for second Self Assessment payment on account for 2008/09 tax year
If its your first year of trading this wont apply to you, but if youve already done one tax return youll be given an estimated amount to pay HMRC based on what you earned the previous tax year. This payment goes to wards your total tax owed for the year 2008/09. You will already have made your first payment on account for that tax year back in January.

October 31 2009 Deadline for submitting PAPER Self Assessment tax returns for 2008/09 tax year
If you want to submit your return on paper, you need to have it in by this date otherwise you could be fined. However, if you miss this date you still have until January 31 to file it online.

January 31 2010 Deadline for submitting ONLINE Self Assessment tax return for 2008/09 tax year
This is the final date you can submit your tax return for the year 2008/09.Any returns submitted after this are subject to fines and interest on any late tax payments.

January 31 2010 Deadline for paying 2008/09 Balancing Charge

January 31 2010 Deadline for first Self Assessment payment on account for 2009/10 tax year

*Dates taken from the HMRC publication
Key tax deadlines for small businesses 2009-2010