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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

March 2021

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The government has opened a consultation on the idea of replacing annual self-assessment tax returns with a rolling in-year tax payment system for businesses and the self-employed.

One in five small businesses say they have changed their recruitment plans as a result of the successful vaccine rollout and now plan to take on more staff.

A year after the first lockdown, new research shows how the pandemic has left many UK freelancers and small business owners struggling.

A survey of UK professionals has shed new light on why Brits leave their jobs and what persuades them to take new ones.

There has been a 16% uplift in mobile traffic in the past year, according to analysis of 20 billion web sessions.

The government is asking businesses to make sure their employees take COVID-19 tests on a regular basis to prevent the spread of the virus.

The fourth SEISS grant will be open to those who became self-employed in the tax year 2019 to 2020 but there will be extra hoops to jump through for some.

A new survey of freelancers has found that 50% plan to stop contracting in the UK after changes to off-payroll tax rules come into effect in April - unless they can get contracts unaffected by the changes.

The fund is intended to help smaller businesses adapt to new trade rules with the EU; however, the latest data shows that UK trade with the EU has already fallen dramatically since the UK left the EU at the end of January this year.

A new survey by Small Business Britain has found that almost one-fifth of women are thinking about starting their own business.

Half of UK employers don't have a financial wellbeing policy, despite the financial impact of COVID-19 on employees.

In spite of the coronavirus pandemic, 468,371 businesses were registered in the UK in 2020 according to data from Companies House.