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.

FSB launches Small Business Awards 2018

12 September 2017

FSB launches Small Business Awards 2018The FSB's 2018 awards have opened for entries, offering UK small businesses the chance to shine in 12 categories including best micro-business, start-up, scale-up and family business.

The FSB Celebrating Small Business Awards 2018 are free to enter and promise to "celebrate the best of the UK's 5.5 million small businesses and their vast contribution to both regional and national economies".

The awards offer 12 different categories as well as the chance for regional recognition, with a series of 12 area award ceremonies to be held across the UK. Each area category winner will go forward to the national UK awards final, where the category winners and the overall FSB Small Business of the Year 2018 will be announced.

The 12 award categories are:

  • Business exporter of the year;
  • Ethical - green business of the year;
  • Business and product innovation award;
  • Digital business of the year;
  • Micro-business of the year;
  • Start-up of the year;
  • Scale-up of the year;
  • Family business of the year;
  • Young entrepreneur of the year;
  • Employer of the year;
  • The "Triumph Over Adversity" award;
  • Community award (area level only).

The 12 UK award areas are: Scotland; Wales; Northern Ireland; East Midlands; West Midlands; North East England; Yorkshire and The Humber; South West England; South East England; East of England; North West England; and London.

Dave Stallon, commercial and operations director at the Federation of Small Businesses (FSB), said: "For a chance to be recognised as the best small business at an area level, as well as in the whole of the UK, I'd encourage all small businesses and the self-employed to enter the FSB Celebrating Small Business Awards.

"SMEs are a vital part of the UK; 99.9% of all private sector businesses are SMEs, providing 60% of private sector jobs and having a combined annual turnover of £1.8 trillion. The past year has been one of the most challenging the small business sector has ever faced and the FSB Celebrating Small Business Awards will recognise and celebrate that."

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