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We're here with practical tax information for your business. Find out about business taxes, tax planning and more.

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We've scoured the web to get you the most up-to-date advice which includes the most useful tools on offer from the officials themselves.

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

The self-assessment tax return is an unavoidable burden if you are liable for self-employed tax or have complicated income tax affairs.

Corporation tax is charged on a company's profits. If you trade as a limited company, ensure that paying this tax is as painless as possible.

National Insurance Contributions (NICs) are payable whether you are self-employed or employed by your own company, although different rates apply.

As well as your legal obligations, you’ll want to ensure that payroll is painless and that you use any opportunities to improve your tax-efficiency.

VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

Capital gains are made when you sell something for more money than you paid for it. As a result, you can be subject to tax. Take professional advice.

Business property taxes apply to businesses with commercial premises.There are two commercial property taxes: business rates and stamp duty land tax.

If you have tax problems or face a tax investigation, it pays to seek professional advice and you must act rather than just hoping for the best.

News

March 2023

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The newly-formed Micro Business Alliance aims to promote better government understanding of the needs of UK start-ups, small businesses and sole traders.
A new study has found that almost 7,000 businesses were dissolved in 2022 just months after they were incorporated.
New research has found that almost one million SMEs have £1,000 or less saved to help them stay afloat in the event of a decline in revenue.
Chancellor Jeremy Hunt delivered a Budget focused on getting people back to work and helping businesses to grow. But the Federation of Small Businesses says the Budget shows that small firms are "overlooked and undervalued".
HMRC is changing the way that UK exporters make customs declarations; businesses have to sign up to a new system by 30 November.
The government is extending the 5 April deadline to pay voluntary NICs to 31 July this year after a surge of interest from taxpayers.
A record number of businesses were founded by women in 2022; however, less than a third of UK small firms are owned by women and female business leaders report significant issues with gender bias.