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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

July 2020

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The government has unveiled the next steps for Making Tax Digital but self-employed workers are worried that it could make tax administration more complicated.

The latest poll by the Federation of Small Businesses has found a significant divide when it comes to small business confidence.

A digital retail tax intended to level the playing field between online retailers and high street stores would push up prices for consumers, the British Retail Consortium has warned.

Studies by business organisations suggest that SME confidence is rising but many firms still plan to make redundancies.

New research confirms that the coronavirus pandemic has caused a permanent shift in how people work.

TV advertising is still the biggest influencer of UK buying decisions, ahead of celebrity endorsements and online video ads.

HMRC estimates that the move could boost cash flow for self assessment customers by £11.8 billion.

Restaurants, cafes and bars can now sign up to the new government initiative aimed at encouraging people to safely return to eating out.

Growth prospects for small firms in the UK are looking bleak as business owners say cash flow problems, red tape and lack of funding are holding them back.

The chancellor of the exchequer, Rishi Sunak, annoucned a number of measures to lift the economy of of the post-coronavirus slimp.

Chancellor Rishi Sunak has announced a raft of new measures designed to protect, support and create jobs, including a job retention bonus.

New figures show that Bounce Back loans worth more than £30 billion have been approved for small firms as the UK government announces a further £1.57 billion in funding for the arts sector.