Welcome back to the small business tool. We are looking at the nuts and bolts of self-employment in the UK. If you're watching this on the day it came out, you've got about 15 days to get your tax return done for last year. It's shameful that I haven't done mine yet. Anyway, I wasn't planning on doing a tax return video this year because I did one last year, and normally it doesn't change that much from year to year. But oh my word, this year the tax return system has changed a little bit. It's mostly kind of cosmetic changes, to be honest. Nothing to panic about. But I thought I've got to show you the first kind of the refreshed version of the online tax return submission system in the UK. Now it doesn't look like a 1990s web page anymore. As per usual, I know you love these sort of videos. I'm going to take you through a really simple online submission for a fictitious self-employed business. It's going to be the simplest tax return ever. And it assumes a number of things. My list of assumptions: I'm assuming you've got one self-employment. I'm assuming you're using the cash basis for accounting. If you don't know what that is, I've already done a video all about it and there's a link in the description below. Cash basis is basically a very simple way of doing a UK tax return, but it's not for everyone. Speak to an accountant. I'm assuming we've got a fictitious turnover of thirty thousand pounds a year with ten thousand pounds business expenses and capital expenditure all kind of lumped together, which gives a taxable profit of twenty thousand pounds. As per usual, I'm assuming there's nothing weird about your tax situation. I'm...
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