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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 2022

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Analysis of Google search data has revealed a sharp increase in the number of people planning to start their own venture in 2022, compared to before the pandemic.

A rise in the National Insurance threshold, an increase in the employment allowance, new business rates relief and a cut in fuel duty won't be enough to protect UK small firms from the ravages of inflation say the CBI and the British Chambers of Commerce.

Quarterly earnings for self-employed workers saw a dramatic increase in the fourth quarter of 2021, according to new data from freelancer body IPSE.

The Federation of Small Businesses has written to chancellor of the exchequer Rishi Sunak ahead of what it calls a "turning point" Spring Statement next week, urging him to provide more support for UK small businesses.

New research published for International Women's Day has found that there's more work to do on gender equality in UK workplaces, as leading business groups call on the government to replace the term "chairman" with the gender-neutral "chair".

The COVID pandemic and soaring costs have not dented the ambition of the UK’s sole traders and small business owners, according to new research.

A new sustainability skills programme designed for UK small businesses has been launched by Small Business Britain and Oxford Brookes Business School.