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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

December 2019

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The government's acceptance of the Low Pay Commission's 2019 recommendations means that the NLW will reach the target of 60% of median earnings in April 2020.

New research has found that half of UK employees fear they're in the wrong job; while a survey of freelancers has found many are lonely and stressed. 

Business groups welcomed the Conservative party pledge, made just before the election, to review the upcoming IR35 changes. But will Boris Johnson keep his promise?

As 2019 draws to a close, the latest government statistics show that the total number of businesses in the UK has risen to 5.9 million.

New research has found that many UK shoppers don't put their money where their mouth is when it comes to supporting small firms and independent shops.

A new report has revealed that late payment waits for small businesses have doubled in the past year.

A new survey of freelancers has found that confidence is low but freelancers have "gone into overdrive" in recent months to prepare for Brexit and IR35.

Coconut, the accounting app designed for self-employed people and small firms, has integrated Open Banking into its offering.

In the past six months there has been a significant rise in the number of small business owners saying that market uncertainty is hampering their growth plans.

Some tax payers can pay their self-assessment tax bill via the PAYE code adjustment but the deadline for this is fast approaching.

Confused about who is promising what in the election? Here's our guide to the manifesto pledges from all the major parties, focusing on the big issues facing small business owners and self-employed workers.