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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

August 2021

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Two leading enterprise organisations are running their annual searches to recognise and honour the UK's most inspiring female business owners.

The Federation of Small Businesses is calling on the government to support small businesses by significantly reforming business rates - which it has described as "regressive and outdated".

The government is expected to get rid of some website cookies rules as it promises to scrap key parts of the EU's General Data Protection Regulation (GDPR), which came into force in 2018.

A new study has found that the Delta variant of the coronavirus is having a significant impact on small businesses, with some delaying a return to the workplace and many planning to make COVID vaccinations mandatory for their employees.

A new survey suggests that around 2.9 million small business owners have experienced burnout since the start of the pandemic in 2020.

The government is accused of scoring an own goal over Freedom Day as it emerges that July's retail figures fell.

A new study suggests that sole traders may have been disproportionately impacted by COVID restrictions, with almost six in ten reporting that they are either not trading at all or are trading less than pre-COVID.

Research conducted by the Institute of Directors has found that 44% of businesses are currently struggling to recruit the staff they need.

As the travel green list extends to 36 countries, new research has found that up to 2.5 million UK small businesses are looking for ways to expand overseas.

The government may be encouraging people to return to work, but new research has found that workers in small businesses are twice as likely as those in larger firms to continue working from home.

Larger firms are far more likely to be taking environmental action than small and micro-businesses, according to a new study by the British Chambers of Commerce and O2.

A-level results day has seen record numbers of students getting top grades with plans to go to university, but new research reveals that four in five employers don't require a degree qualification for entry-level roles.