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.

How running a business affects wellbeing

12 June 2018

How running a business affects wellbeingMost business owners say that the stress of running a business has had a negative impact on their personal lives, according to a new study.

The Business Owner Welfare report from Hitachi Capital Invoice Finance has found that 46% of business owners feel they miss out on "me time" and 39% say they miss out on family time because of the time they have to spend on running their business.

Of 501 business owners surveyed, 49% said that they had not taken a holiday in the past year. The findings also show that over a third of business owners (39%) rarely take a lunch break and 30% say they regularly check their phone during mealtimes at home.

When asked about the biggest fears and stresses of running a business, more than a third (37%) of business owners said not having enough sales or orders, followed by cashflow (34%) and not delivering work on time (22%).

Older business owners (aged over 55) and sole traders tend to be less stressed and have fewer fears for their business. London is the region where business owners suffer the most from stress, while those in the South East tend to be less stressed.

Andy Dodd, managing director at Hitachi Capital Invoice Finance, said: "Running a business comes with considerable pressure ... It is easy to allow the many hats you have to wear as a business owner to subsume any work-life balance you have.

"Surrounding yourself with a great team is important to ensure you have the confidence to take time away from the business to recharge your batteries and meet your personal commitments. Ensure you plan your resources well ahead of intended holidays and that your people have the requisite skills, roles and responsibilities to manage the business in your absence."

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