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.

Many small businesses look to international trade when they can’t increase sales at home, while some sell exclusively to customers overseas.

The main UK business taxes include tax on profits, National Insurance contributions, business rates and so on. We have chosen the best tools to help.

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.

CIPD finds key to boosting SME productivity

11 September 2017

CIPD finds key to boosting SME productivityA Government investment of £13m a year would help boost workplace productivity in small businesses, according to new research.

A study by HR professional body the CIPD, supported by JP Morgan, has found that workplace productivity in small businesses could be improved if firms were given basic HR support.

The finding comes after the CIPD ran a series of year-long People Skills pilot schemes in Hackney, Stoke-on-Trent and Glasgow, providing two days' free HR support to small firms, including face-to-face advice, a telephone helpline, online information and group training events. This simple support helped to boost productivity, according to the research.

The service helped more than 400 small businesses employing between five and 50 employees and was so successful in Glasgow that the city council continued to fund the programme once the research grant ran out.

The CIPD is now calling on Government to invest £13m a year to provide HR support to small businesses.

Ben Willmott, CIPD head of public policy, said: "If policy-makers are serious about addressing the UK's long-standing productivity deficit - particularly among the nearly 1.3 million small businesses that employ between one and 50 people - then they have to start seriously thinking about how to improve management quality, which the Bank of England's chief economist Andy Haldane has identified as a key area for focus. People Skills provides a template of how to actually do this on the ground among small businesses."

The CIPD says £40m from the Government's National Productivity Investment Fund would support the £13m annual cost of running a People Skills-type service across all 38 Local Enterprise Partnerships in England for three years.

A new survey by Breathe HR has found that heads of small and medium-sized businesses spend a fifth of their working week on basic HR administration, including managing staff expenses and absences.

Jonathan Richards, ceo of Breathe HR, said: "It appears there is little distinction between the strategic and transactional elements of HR within small companies. The danger is that as holiday requests pile up in a ceo's inbox, HR increasingly becomes seen as a box-ticking exercise, therefore undermining the positive impact a strong HR strategy, closely aligned to business ambitions, can have."

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