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.

Google+ for consumers is to close

8 October 2018

Google+ for consumers is to closeGoogle is pulling the plug on Google+ for consumer users as it emerges that a bug in its software has caused serious data breaches.

Google has said that up to 500,000 Google+ users have been affected and that their private information may have been accessed by third parties. According to the Wall Street Journal, Google has known about this issue since March of this year.

Google has said that up to 438 third-party applications may have had access to private user information because of the bug. Google+ was launched in 2011 but it has never attracted a significant popular following.

Ben Smith, Google's vice president of engineering, announced the news in a company blog. He said a company review of Google+ had concluded that there were "significant challenges in creating and maintaining a successful Google+ that meets consumers' expectations. Given these challenges and the very low usage of the consumer version of Google+, we decided to sunset the consumer version of Google+."

The process of closing Google+ for consumers will take place over a number of months.

Smith said: "To give people a full opportunity to transition, we will implement this wind-down over a ten-month period, slated for completion by the end of next August. Over the coming months, we will provide consumers with additional information, including ways they can download and migrate their data."

Google says it will continue to offer private Google+ powered networks for businesses currently using the software.

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.