HMRC offering help for small businesses

For the first time ever HMRC is holding its first ever Small Business Saturday on Saturday 7th December. This is an established event in the US, the aim is to help encourage and promote trade among smaller businesses in the UK in the run up to Christmas.

HM Revenue and Customs (HMRC) have set up a day of free live webinars for start-ups and small businesses on topics such as business expenses for the self-employed, VAT awareness and your responsibilities to HMRC as a company director.

The webinars are an hour long and will be running throughout the day. Business are being encouraged to take part by pre-registering on the HMRC website and submitting questions in advance to be answered on the day.

Self-Employment and HMRC – what you need to know

10am to 11am Saturday 7 December

This session concentrates on the information sole traders or partnerships need when they start. It covers registration, National Insurance, Self Assessment and record keeping.

Company Directors – your responsibilities to HMRC

12pm to 1pm Saturday 7 December

This webinar is aimed at businesses considering setting up as limited companies. It provides the basics on incorporation and registration with Companies House and HMRC. It also looks at when companies become an employer, and the timetable for paying Corporation Tax online.

Business expenses for the self-employed

2pm to 3pm Saturday 7 December

Sole traders or partnerships need to know which day-to-day expenses they are able to claim for tax relief. They also need to start keeping records of these as soon as the business starts. This webinar provides an overview of the most common expenses, including motoring costs.

VAT Awareness

4pm to 5pm Saturday 7 December

New businesses are often worried about VAT, what it is and when they need to register. This webinar answers these questions and explains in simple terms how VAT works.

For more information about Small Business Saturday, go to the Small Business Saturday website.