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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

May 2020

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Acas has issued guidance to help staff manage their mental health during the coronavirus pandemic, as new research shows that many employees are struggling with working from home.

High street shops, department stores and shopping centres across England will be able to reopen in mid-June but only if the government's five tests are met and as long as premises are made COVID-19 secure.

Research by Barclaycard has found that, despite significant challenges in the short term, there are early signs that small firms in the UK are starting to recover.

The latest Coronavirus Business Impact Tracker from the British Chambers of Commerce has found that UK small firms are ready for a gradual reopening of the economy but they still need government support.

A new online system will allow small and medium-sized businesses to claim back Statutory Sick Pay payments they have made to their employees during the coronavirus pandemic.

A leading health and safety body has warned that a badly thought-out return to work could spell financial disaster for businesses.

A survey of over 500 pub owners conducted by the Forum of Private Business has found that nearly four in ten pubs say they are not confident of surviving a June lockdown.

Chancellor of the exchequer Rishi Sunak has announced that the Job Retention Scheme will be extended by four months.

The government has published guidance for employers to help them get their businesses back up and running while ensuring their workplaces are operating safely.

HMRC is writing to self-employed workers this week to explain how to apply for the Self-Employment Income Support Scheme (SEISS).

The proportion of UK small businesses predicting growth has plummeted from 39% to just 14% in the past three months, according to new research.

A new survey has found that one in ten Brits have plans to start their own business because of the COVID-19 pandemic.