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For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Three million tax returns are still outstanding

24 January 2018

Three million tax returns are still outstandingOne third of the expected self-assessment tax returns for 2016-2017 are still outstanding with only one week to go before the 31 January deadline.

According to HMRC, some eight million people have filed their self-assessment tax returns for 2016-17. That leaves some three million tax-payers that yet have to complete their online form.

HMRC is reminding customers that anyone that files their return late will receive a £100 penalty - even if they do not owe any tax. And the longer they delay, the more they will have to pay.

Angela MacDonald, HMRC director general of customer services, said: "The seven-day countdown to 31 January has now begun. Put a stop to that niggling feeling and do your self-assessment now. Our helpful online services offers support and advice so you can complete your tax return quicker than you think."

The deadline for sending 2016-17 self-assessment tax returns to HMRC, and paying any tax owed, is 31 January 2018. Self-assessment customers can now also submit their return via their personal tax account.

Anyone submitting their 2016-17 self-assessment return online for the first time will need to register for SA Online on the Government website. It can take a few days for the registration to arrive in the post so HMRC is warning that customers need to do this as soon as possible.

HMRC is urging anyone that is worried about meeting the deadline to get in touch via the self-assessment helpline (0300 200 3310).

There are guides and tools to help you with self-assessment on Money Donut.

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