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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

December 2020

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The latest government data shows that unemployment reached 4.9% in the three months to October, redundancies hit a new high and the number of UK self-employed workers continued to fall.

The organisers of the Small Business Saturday event have estimated that UK shoppers spent £1.1 billion on the day, as shoppers showed support for their local high streets after a tough year.

New research has revealed that shopping online causes frustration, boredom and even anxiety for many people, suggesting that retailers need to raise their game when it comes to customer experience.

As online shopping has increased during the pandemic, so too has the number of shoppers returning items to get a refund.

New figures reveal that almost one fifth of workers in the UK's smallest businesses were still on furlough at the end of September, raising fears that many firms will find it hard to survive once the scheme ends.

Hundreds of small businesses and sole traders are to provide work placements to unemployed young people under the Kickstart programme.

The third SEISS grant for self-employed workers affected by the pandemic is now open for applications; but freelancer body IPSE is warning that new rules may create a "climate of fear".

New research by MoneySuperMarket has found that many Brits do not have their financial houses in order when it comes to pensions, life insurance and wills.

A new report has found that the coronavirus pandemic has significantly changed the way that SMEs use business banking.