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.

UK firms not doing enough to support staff mental health

10 October 2018

UK firms not doing enough to support staff mental healthNew research released to mark World Mental Health Day has found that only half of UK employers have a mental health policy in place.

The report, published by Robert Walters, finds that 97% of professionals believe their employer has a responsibility to support the mental health and wellbeing of staff.

The findings highlight a disparity between what employees want and what employers offer when it comes to mental health support. For example, 74% of professionals wanted to see support for staff returning from a mental health related absence, but only 50% of companies provide this.

Neil Morgan, associate director at Robert Walters, said: "Professionals (62%) believe that training for managers as mental health 'first aiders' is important - but our research found that only 38% of companies have such a policy in place."

The survey also reveals that 76% of professionals would be uncomfortable discussing mental health at their place of work, for fear of damaging their career prospects.

"This is a major red flag," said James Murray, director at Robert Walters. "Employers need to step up and consider how prominent a role they can play in encouraging their staff to be more open."

Businesses should publish details of their mental health policies, the report concludes. Just 3% of companies mention their mental wellbeing strategies in job adverts and 64% of professionals say it is difficult to find such information on a company website.

Self-employed workers are also affected by mental health issues and female freelancers are almost twice as likely to suffer from mental health issues than their male counterparts, according to ONS data, highlighted by ActiveQuote on World Mental Health Day.

ActiveQuote is raising awareness about the fact that more insurers now offer the option to cover mental health treatment and care for self-employed workers, with about one in five insurers providing cover for stress, anxiety and depression as standard.

Mark Todd, private medical insurance team leader at ActiveQuote, said: "Choosing self-employment to make your living is, on its own, often more stressful than taking employment elsewhere … It is great that, as a society, events like World Mental Health Day show we are more willing to talk about mental health than ever, and that the insurance market has adapted to this change by covering stress and anxiety as standard in their policies."

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