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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

March 2019

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The number of high-growth businesses in the UK has increased to a record 36,510, according to a new study.

A Freedom of Information request sent to HMRC has revealed that only 4% of UK businesses mandated to join Making Tax Digital from 1 April have registered.

After a five-year "right of registration" reservation period, there are now less than three months to go before second level .uk domains become widely available.

A survey of private investors has found that 85% are actively looking to invest UK businesses in 2019, with healthcare and technology firms attracting the most interest.

Business groups say the latest case, involving TV presenter Lorraine Kelly, proves that HMRC's employment test tool CEST is not fit for purpose.

A new study of workplaces has found that being appreciated is significantly more important to employees than money.

Research into the effectiveness of the controversial IR35 employment status tool CEST has found that that half of users polled described it as "bad" or "very bad".

UK employment has reached an all-time high, wages are up and unemployment is at its lowest level since the 1970s.

Chancellor Philip Hammond has said that businesses that are "doing their best to comply" with Making Tax Digital will not be penalised if they inadvertently breach VAT filing or record-keeping rules in the first year.

The latest economic forecast by the British Chambers of Commerce predicts a weaker outlook for business investment and trade due to continued Brexit uncertainty and slower expected global economic growth.

Chancellor of the exchequer Philip Hammond has used the Spring Statement to warn of the economic consequences of leaving the EU without a deal.

A new SME Action Plan has been launched to unlock opportunities for smaller businesses to access government contracts.