Running a small business in the UK is no easy task. With high food and energy costs, the ever-increasing costs of renting and employing staff, and the cost of running marketing campaigns, the financial health of your business is far from guaranteed. Hence why small businesses need to have a financial plan that works for them to mitigate surprising circumstances. This will ensure that you have the funds available to cover all of your costs and that you can make a profit. Here

The UK tax year starts on 6th April, and your tax will be calculated according to your income before tax and national insurance contributions. Your tax code is the reference HMRC will provide to your employer to work out how much income tax to take from your pay. It is provided on your payslip, but if you want to double-check, you can check your code online. Outline 1. What are income tax rates? 2. What is UK personal allowance and how does it work? 3. What is the Standard de