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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

January 2023

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UK tax data shows that nearly 400,000 self-employed people on low incomes have been penalised for filing their tax returns late when most of them didn't owe any tax.
Almost seven in ten businesses that have introduced health and wellbeing policies have seen increases in employee productivity, according to new research.
A new report has identified the rise of so-called "necessity entrepreneurs" as almost half of Brits consider ways to bring in extra income as the cost of living continues to rise.
One in five small business owners are struggling with depression and 39% are suffering from anxiety, according to the results of a new poll.
The UK government is to slash the amount of energy support for small firms in a move that has been described as "catastrophic" by the Federation of Small Businesses.
New research conducted by the British Chambers of Commerce has found that British businesses are being hampered in their trade with the EU because of the current Brexit deal but it finds that some changes and a few "side deals" could solve some key problems.
As the annual tax return deadline draws near and HMRC introduces a new penalty system for VAT, a survey has revealed significant tax knowledge gaps among sole traders.