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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

June 2020

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New surveys show that three in ten business leaders have permanently streamlined their teams because of the coronavirus crisis and one in ten small firms have lost all their business.

A new survey of more than 4,000 small firms has found that the majority have been hit by late payment as a result of COVID-19.

The coronavirus pandemic has caused a significant shift in the way businesses sell to each other, leaving traditional salespeople out in the cold.

Many more businesses in England will be able to reopen from 4 July, including pubs, hotels, restaurants and hairdressers.

Two-thirds of business owners over the age of 55 say they will "never stop" working - out of choice rather than necessity.

Mandatory ethnicity pay gap reporting for businesses will be debated in Parliament after a petition attracted more than 100,000 signatures.

The Federation of Small Businesses is calling on the public to support small retailers as they start to open up after lockdown.

New research suggests that demand for office space in the UK could drop by up to 50% as more businesses change their attitudes to staff working from home.

New research has found that over half of UK employees are considering cycling to work, with two-thirds saying they want to avoid having to use "unsafe" public transport.

One in seven small business owners say they are transitioning towards becoming fully or mainly online enterprises since the outbreak of the COVID-19 pandemic in the UK.

One in five highly skilled freelancers say they will have to close their business because of the COVID-19 crisis, according to the results of a new survey.

Small firms and their suppliers are struggling to agree payment terms as both face cashflow problems because of unpaid invoices.