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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 2020

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The Institute of Directors is calling for help for companies and entrepreneurs currently "falling through the cracks" of government support during the coronavirus crisis.

The government has announced a relaxation of UK insolvency laws to enable UK companies undergoing a rescue or restructure process to continue trading, giving them breathing space that could help them avoid insolvency.

The CIPD and Simplyhealth have said that employers need to check in with employees - including those working remotely - to support their mental wellbeing during the Covid-19 pandemic.

Chancellor Rishi Sunak has given details of a new scheme to help self-employed people that are losing work due to the coronavirus outbreak.

The government has yet to announce any measures to help the UK's five million self-employed, many of whom have lost work during the coronavirus crisis.

Aimed at small businesses, the scheme will offer interest-free loans of up to £5 million for 12 months.

The government has stepped up measures to prevent the spread of coronavirus and has said that all "non-essential premises" must now close.

Chancellor Rishi Sunak has announced an unprecedented package of measures to protect millions of jobs and incomes during the coronavirus outbreak.

The chancellor, Rishi Sunak, has announced an “unprecedented” package of measures to support businesses and workers, including the Coronavirus job retention scheme.

Contractors and business groups have welcomed a delay to the roll-out of the IR35 off-payroll tax changes that were due to be implemented in April.

Chancellor of the exchequer Rishi Sunak has said he will make £330bn available in lending to keep UK firms in business as the coronavirus crisis deepens.

UK economic growth is expected to slow sharply in 2020 amid disruption caused by the impact of coronavirus, according to the latest economic forecast from the British Chambers of Commerce.