Skip to main content
We're here with practical tax information for your business. Find out about business taxes, tax planning and more.

Search

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

January 2022

Displaying 1 - 8 of 8
8 results shown
24% say completing the self assessment tax return is the worst thing about being self employed and confusion reigns over what income should be included.

The Help to Grow: Digital scheme has opened for applications, providing small businesses with discounts of up to £5,000 on approved software as well as advice on digital skills.

The government has reintroduced the Statutory Sick Pay Rebate Scheme but new research suggests that businesses have already saved more than £300 million on sick pay because staff that work from home don't take as much time off.

New research by FreeAgent has found that 64% of Brits have plans to start their own business in the future - significantly up from the 51% who said the same in last year's poll.

A new poll of business owners has found that a greater focus on work-life balance and a rise in side hustles are key business trends for 2022; however, worries about inflation remain.

For the second year running, HMRC has announced an extension meaning anyone who cannot file their tax return by the 31 January 2022 deadline will not receive a late filing penalty.

HMRC has reminded self assessment customers to declare any COVID-19 grant payments, including SEISS, on their 2020/21 tax return.

A survey by the Federation of Small Businesses has found that almost one in ten UK firms say the late payment crisis is threatening their survival and it predicts that as many as 440,000 businesses could close their doors in the coming year.