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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

June 2021

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The government is urging employees that have had to work from home during the pandemic to claim tax relief via the HMRC online portal.

Cash-only small firms risk losing customers if they don't offer alternative payment options, a new study finds.

The proportion of freelancers reporting mental health problems has risen by over 200% during the pandemic, leaving one in five struggling with issues like anxiety and depression.

The number of people applying for retail and logistics jobs has fallen dramatically as both Brexit and COVID-19 have had an impact on worker availability.

Freelancer body IPSE has warned that many self-employed workers in the UK have been "financially scarred" as a result of the pandemic and it says the sector needs more support to get back on its feet.

As eight in ten organisations say they actively encourage their employees to use their own devices for work (BYOD), fears about the associated cyber threats are growing.

A new study has calculated that up to £60bn of additional revenue could be unlocked for small businesses if their large customers paid them on receipt of invoices.

The Federation of Small Businesses says urgent support is needed for small firms affected by the delay in the lifting of COVID-19 restrictions.

Two new studies have highlighted some of the most damaging effects of the pandemic on small businesses and their employees.

Nine in ten small firms expect to be running at full strength by the end of this year but the British Chambers of Commerce has warned that further government support may yet be needed.

The number of active Etsy sellers almost doubled in 2020 as almost two million people worldwide looked for new ways to earn money from home during the pandemic.

The government has announced plans for a new body that will take over responsibility for enforcing the rules on modern slavery, the minimum wage and other employee rights.