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.

Cyber attacks on UK businesses are up by a third

9 October 2018

Cyber attacks on UK businesses are up by a thirdThe volume of online cyber attacks on UK businesses has increased by 34% in the three months to the end of September.

Analysis by business ISP Beaming has found that UK businesses with internet connections were subjected to 71,253 online attacks during the third quarter of 2018, the equivalent of 774 a day or at least one every two minutes.

This represents a significant increase on the second quarter of 2018, when Beaming identified 578 attacks a day.

European online hackers currently represent the greatest threat to UK organisations for the second quarter in succession. Almost half (42%) of attacks originated from European locations over the past three months, while 32% were traced to locations in Asia. The volume of attacks coming from locations within Europe has more than doubled since the start of 2018.

Connected devices such as building control systems and networked security cameras, which can be controlled remotely over the internet, continue to be the most targeted applications, accounting for 36% of incidents.

The number of attacks targeting internet-enabled VOIP telephone systems and virtual private networks (VPN), which are used to protect private web traffic as it travels over the internet, more than doubled over the past three months.

Sonia Blizzard, managing director of Beaming, said: "Many businesses, particularly at the smaller end, have invested in more sophisticated cyber security systems to protect their data and communications networks over the last year or so. Hackers have tried to bypass these systems through social engineering and more targeted phishing attacks, and we are now seeing a resurgence in attacks that trawl the internet seeking to exploit any vulnerabilities in company firewalls."

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