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We're here with practical tax information for your business. Find out about business taxes, tax planning and more.

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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.

News

July 2018

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New research has found that many SME leaders are "close to reaching boiling point" at work.

Nearly one and a half million sole traders across the UK were unable to take any days as annual leave in the past 12 months, according to new research.

A new investigation into the views of self-employed people has found that job satisfaction for freelancers is not all about money.

The number of individual retail insolvencies has reached its highest quarterly level for six years.

Retail sales growth expanded at a healthy pace in the year to July, albeit at a slightly slower rate than in the previous month, according to the latest monthly CBI Distributive Trades Survey.

Almost a quarter of millennials say they will never be able to afford to retire, according to a new survey.

The vast majority of UK businesses believe the cost of complying with the UK tax system has escalated over recent years, according to new research.

The Office of Tax Simplification has put forward new suggestions for taxing self-employed platform and gig workers.

The Government has published guidance on forthcoming changes to digital record-keeping and VAT return requirements.

The proportion of Government spending that went to SME contractors has dropped for the second year in a row.

The latest labour market statistics show that the number of self-employed people in the UK has remained stable at 4.8 million.

Eight retail gurus have been appointed by the Government to assess the state of UK high streets and advise on how to bring them back to health.