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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

January 2021

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Digital, debt and diversification are some of the main ways that small firms managed to stay in business during the coronavirus pandemic, according to a new study.

A new survey has found that one in seven Brits aged 18-24 plan to start their own business this year.

HMRC has announced that anyone who cannot file their tax return by the 31 January 2021 deadline will not receive a late filing penalty as long as they file online by 28 February.

Companies will have to pay smaller suppliers within 30 days under the new terms of the Prompt Payment Code as the government seeks to crack down on late payment.

A new YouGov survey has revealed how British attitudes to work have changed during to the coronavirus pandemic.

A judgement by the Supreme Court means that small businesses that have claimed for coronavirus-related business interruption losses will now be paid by their insurers.

A quarter of a million UK small businesses are set to fold unless they get more help, according to a new study.

A survey has found that more than half of UK firms that hire independent contractors have yet to prepare for new off-payroll tax rules that will come into effect in a matter of weeks.

Small Business Britain is recognising some of the UK's most inspiring female entrepreneurs for the contribution they've made to their communities and to the economy during the pandemic.

The coronavirus pandemic has left the self-employed sector "undermined and diminished" according to the latest research by freelancer body IPSE.

Around 5.4 million tax payers have less than a month to complete their annual tax return, ahead of the self assessment deadline on 31 January.

Businesses in the retail, hospitality and leisure sectors are to receive a grant worth up to £9,000 to help them survive the current lockdown.