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

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.

The business cost of World Cup "sickies"

12 June 2018

The business cost of World Cup "sickies"New research predicts that unauthorised staff absences during the World Cup could cost UK businesses more than £13 billion.

A study by Football Tips has found that the average UK football fan plans to take seven days off work during the World Cup - and more than half of these will be unauthorised.

Over 2,000 UK adults were polled for the study, all of whom said they followed football and were planning to watch the World Cup. Over two-thirds (68%) said they had taken time off work to watch the World Cup in 2014 and 41% said they had been previously "told off" for doing so.

Even so, football fans expect to miss seven days' of work on average during the 2018 World Cup; and four of these are likely to be unauthorised "sickies". The findings reveal that the most popular excuses for missing work are: having a doctor's appointment (32%), sickness (20%) and a family emergency (17%).

With 43% of those polled in full-time employment, the study has calculated that over £13 billion could be lost by UK businesses due to football fans skipping work to watch matches.

Tom Rooney, spokesperson for Football Tips, said: "The World Cup is of course a hugely important time for many of us living in the UK, even though England usually do terribly. It is surprising how many people plan to take time off to watch the games, especially as over half of this time is likely to be unauthorised."

Acas has issued guidelines for employers on the 2018 World Cup to help them plan ahead.

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