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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

February 2021

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Over half a million businesses who deferred VAT payments last year can now pay the VAT they owe in smaller monthly instalments, thanks to a new government scheme.

The unemployment rate has risen to its highest level in almost five years but a new poll by the CIPD suggests that more than half of employers expect to hire new staff in 2021.

Business groups have welcomed the government's roadmap out of lockdown as a new Barclaycard survey suggest small firms are optimistic about their prospects once restrictions are lifted.

Small firms are being urged not to miss the 28 February deadline for this year's Small Awards, a nationwide search for the most inspirational small businesses in the UK, across all sectors.

The latest quarterly Confidence Index from freelancer body IPSE has found that freelancers have had to work longer hours for lower rates of pay in order to keep their income stable.

The UK government has announced a £20 million SME Brexit Support Fund to help small businesses that trade with the EU.

It's National Apprenticeship Week and a new survey of UK businesses and tradespeople shows that demand for apprentices is as strong as ever.

A new study has found that 80% of small business owners say they have experienced symptoms of poor mental health in the past year - including panic attacks, anxiety, depression and disrupted sleep.

Chancellor Rishi Sunak has announced new flexible repayment options for more than one million businesses that have taken out Bounce Back Loans during the pandemic.

A quarter of UK small businesses are predicting growth in the next three months according to a new study.

New research has found that 37% of freelancers say they are having difficulties paying the tax they owe because of the financial impact of the pandemic.

Despite a rise in home working because of the pandemic, new research shows that nearly half of employees still do not have flexible working in their current role.