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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

August 2020

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The latest government statistics show that over one million freelancers in the UK are not eligible for state support during the coronavirus crisis.

New research has found that skilled freelancers can significantly improve business performance for those that employ them.

UK small businesses saw a 14% drop in revenue in the second quarter of 2020 because of the coronavirus pandemic but the impact was far less damaging than had been feared.

Three-quarters of Brits say the coronavirus pandemic has prompted them to rethink their spending and saving habits.

Self-employed workers who have been financially affected by coronavirus can now apply for a second grant through the Self Employment Income Support Scheme.

As more people work from home, a new study has found that longer working hours have become standard practice in the UK. 

The Government has launched a Shop Local campaign to help support independent shops on UK high streets.

The drop in income was driven by a record fall in the average number of weeks freelancers worked during the second quarter of 2020.

A new study has found that 17% of self-employed workers have no financial buffer and less than one in ten have insurance to protect their income.

Belfast tops the list of the best cities in the UK for running your own company, according to new research on business costs.

The Local Government Association (LGA) has warned that local economies risk missing out on more than £1 billion in emergency COVID-19 funding if the government goes ahead with plans to close three grant schemes this month.

The government has launched two training programmes designed to improve small business leadership and problem-solving skills in the wake of coronavirus.