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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

August 2023

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Lightyear is targeting UK freelancers and solopreneurs with new business accounts that promise them the chance to earn more interest on company money.
Lightyear is targeting UK freelancers and sole traders with new business accounts that promise them the chance to earn more interest on company money.
The proportion of UK small businesses with specific plans for growth has reached its highest level for three years, according to new research.
Elite Business, the business publication dedicated to inspiring Britain's SMEs, continues its nationwide tour broadcasting live for free at the UK's best expos.
More and more Brits are choosing to set up their own business, including 100,000 rural micro businesses that have been established in the past 12 months.
HMRC is urging self assessment customers to file early in order to help them manage their cashflow and spread payments.
New rules will make it easier for small businesses to shop around for a good deal on card readers.
A new survey finds that the majority of British employees support the idea of a "right to switch off" law that would allow them to ignore work emails while they're on holiday.