The UK tax body HMRC has clarified the rules about five common misconceptions around registering for self-assessment and paying tax as a self-employed worker.
The number of workers on zero-hours contracts has increased by 288% since 2020; however, plans by the government to crack down on unfair zero-hours contracts are likely to affect small businesses across the UK.
The Federation of Small Businesses has welcomed the creation of Skills England by the Labour government but it warns that the new body must not overlook the needs of the UK's 5.5 million small businesses.
A new survey of small business owners has revealed that 18% of SMEs have no cash reserves to fall back on - rising to 48% among the smallest firms with turnovers of less than £100,000.
