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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

September 2020

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UK shoppers could spend as much as £1 billion in an early Christmas shopping spree during the two-day event before Brexit brings in new bureaucracy and potentially higher prices.

A new study suggests that flexible working could increase the UK's creativity and productivity as it finds that the 9-5 day does not work for everyone.

Rishi Sunak has announced a replacement for the furlough scheme - the new six-month Job Support Scheme is intended to protect jobs in businesses affected by coronavirus over the winter.

Despite the financial pressures caused by COVID-19, more than three-quarters of small business owners have invested additional budget into their companies this year.

New research shows that British consumers have radically altered the way they shop and, in a quest for bargains, many have already started to buy Christmas gifts.

Prime minister Boris Johnson has announced a number of new restrictions for England intended to slow the spread of coronavirus.

A new study has found that many employers are failing to give their staff adequate information on ways to avoid cyber-attacks while they are working from home.

As redundancy levels soar, new research has found that the UK's small family businesses are least likely to have laid off staff during the pandemic.

Nearly three-quarters of business owners say they will take no more than five days holiday next year even though 89% agree that time off is important for mental health.

Employees are not only more productive when they work from home, they are also financially better off, according to new research.

Four in ten firms have borrowed money this year to help them survive the pandemic; now they need support to avoid getting into a debt crisis.

One hundred of the UK's most inspiring small businesses have been chosen to mark the official countdown to Small Business Saturday 2020.