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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

November 2023

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Christmas is the most profitable period for four out of five small firms, according to research by the Small Business Saturday campaign.
Chancellor of the exchequer Jeremy Hunt has unveiled what he calls "an Autumn Statement for growth", delivering "the biggest business tax cut in modern British history" and welcomed by the Federation of Small Businesses as "game-changing".
There are a range of predictions for this weekend's Black Friday sales in the UK, with one study suggesting that Brits will spend half as much as they did last year.
A survey of UK sole traders has revealed worrying gaps in the financial knowledge of many small business owners; another poll has found that most people don't know what happens to their pensions after they die.
Following a Companies House announcement, users of Companies House Direct (CHD) and WebCHeck services are switching to the 'Find and Update' service
One in three self-employed individuals have never applied for a mortgage and many say they haven't even tried because they assume they would be rejected.
A new survey has uncovered some of the difficult decisions that small business owners say they've had to make to ensure the success of their business, including missing family events and sacrificing financial security.