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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 2023

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A new study has discovered that more than 85% of small firms that do business with friends and family could potentially be losing out on hundreds of pounds a week because they don't charge enough for their services.
UK microbusiness owners are significantly less optimistic about their national economy and individual growth prospects than US counterparts, according to a new GoDaddy study of digital/online microbusiness owners.
Late payments are a powerful economic disruptor impacting businesses of all sizes. Studies have shown small and medium enterprises (SMEs) and freelancers are particularly at risk, with the impact of late payments leading to extreme financial instability, debt and even closing down.
As the number of freelancers rises, new research finds that digital marketers, data analysts and website developers are some of the freelance roles that are most in demand.
More than one in two small businesses rely on ecommerce platforms to sell online but many face problems with fake reviews, late payments and infringement of intellectual property.
Small businesses across the country are being invited to sign up for a series of free online workshops and one-to-one mentoring, as the Small Business Saturday campaign enters its second decade in the UK.
As the party conference season begins, new research has found that one in five UK small businesses are unable to identify the political party that best serves their needs.
Anyone that has earned income as a self-employed worker in the 2022/23 tax year must register for Self Assessment by 5 October if they haven't done so already.
A recent survey of retailers across the UK has found that cash remains a crucial payment method that keeps tills ringing for independent shops and small businesses.