Harris & Co Accountants in Northampton report that HMRC is supporting Small Business Saturday, which will take place for the first time this year on 7 December, by offering business start-ups the opportunity to take part in four free live tax webinars on the day.
Small Business Saturday is a new grassroots campaign set up as a chance for small businesses to promote themselves and generate trade. HMRC’s webinar programme, between 10am and 5pm, is aimed at new and prospective businesses. Each live webinar lasts an hour and gives the opportunity for questions.
The first, at 10am, covers Self-Employment and HMRC – what you need to know and will concentrate on the information sole traders or partnerships need when they start. It discusses registration, National Insurance, Self Assessment and record keeping.
The 12pm slot is Company Directors – your responsibilities to HMRC and 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.
The Business expenses for the self-employed webinar from 2pm provides an overview of the most common expenses, including motoring costs. The final webinar of the day, at 4pm, is VAT Awareness and will explain in simple terms how VAT works and when new businesses need to register.