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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

October 2022

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More than half of business owners aren't confident that the Energy Bill Relief Scheme will provide enough long-term support as new PM Rishi Sunak is under pressure to do more to help small businesses.
Retail sales fell in September and experts are warning that consumer spending could drop by as much as £4 billion in the run-up to Christmas compared to last year.
Business groups have delivered their verdict on today's emergency statement by new chancellor Jeremy Hunt, as the British Chambers of Commerce describes it as "a plan for today with nothing for tomorrow".
As the latest ONS data shows there are currently more job vacancies than people looking for work, the British Chambers of Commerce says the government must "get serious about jobs" as small firms continue to struggle to recruit.
HM Revenue and Customs is reminding businesses that from Tuesday 1 November, they will no longer be able to use their existing VAT online account to submit VAT returns.
The government has announced that more businesses are to be categorised as SMEs, releasing thousands of UK firms from some reporting requirements as well as future regulations.