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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

January 2020

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The latest government figures show that the number of self-employed workers in the UK has risen to over five million.

A raft of employment reforms will include the new legal right to two weeks' paid leave for parents who suffer the devastating loss of a child.

The Migration Advisory Committee (MAC) has advised the government to drop the salary threshold for immigrants to £25,600.

Small and medium-sized firms in the UK have accumulated £86 billion of cash and they are keeping it in current accounts that pay little or no interest.

Last year, almost 700,000 new firms were launched in the UK, a 2.8% rise compared to a year ago.

A new study has uncovered the universities with the highest number of entrepreneurs among their graduates.

A new online lead generation service aimed at UK tradespeople has been launched today by Get Work in partnership with Google.

Two new business surveys have highlighted the challenges facing UK firms but they also suggest there is light at the end of the Brexit tunnel.

The government has launched a review of the upcoming changes to off-payroll working rules but its scope is limited to ensuring a smooth transition when the new rules come into force in April.

A new survey by the Federation of Small Businesses (FSB) has found that business owners are worried about sharing banking data electronically, despite the benefits.

New research from the Federation of Small Businesses has revealed the scale of challenges facing firms that use online marketplaces such as Amazon, eBay and Facebook.

Top bosses starting work on Thursday 2 January only needed to work for three days (33 hours) in order to make same amount of money that the typical full-time employee earns in an entire year.