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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

September 2021

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The latest government figures show that there was a 71% increase in the number of company insolvencies in August compared to the same month last year.

The government has announced that Making Tax Digital for Income Tax will now be introduced in April 2024 - a year after it was originally scheduled to start.

Accountants are warning that a "perfect storm" is brewing for UK small businesses as COVID support schemes come to an end and other pressures build including rising energy prices, supply chain issues and a looming National Insurance hike.

A new report has warned that increasing numbers of unhappy workers are considering leaving their jobs as working from home takes its toll due to the pandemic.

The government scheme enabling small businesses to recoup statutory sick pay costs due to coronavirus will end at the end of September, and any outstanding claims must be made by 31 December 2021.

A new survey of small businesses in the UK has found that the majority of business owners affected by late payment are suffering stress, anxiety or depression because they are so worried about cashflow.

The International Franchise Show returns to the ExCel London.

Lending to entrepreneurs and small businesses outside London through the government-backed Start Up Loans scheme has passed the £600 million mark.

Almost 80 new businesses were created every hour across the UK in the first half of 2021, according to a new study.

Job vacancies have hit an all-time high but the Federation of Small Businesses has warned that rising employment costs are preventing small firms from hiring.

Prime minister Boris Johnson has unveiled plans to increase National Insurance contributions in order to fund health and social care - but business groups say it could derail the UK's recovery from COVID.

Small Business Saturday has chosen 100 inspirational small businesses to mark the countdown to this year's campaign.