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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

June 2024

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A new survey has found that a staggering one million UK small businesses have no business insurance, leaving them at financial risk in the event of an accident or a lawsuit.
Three in ten (29%) business owners said that they under-budgeted their entire forecast in the last financial year according to a new survey by Capital on Tap.
Small business-friendly government policies could help to create more than one and a half million new jobs in the UK, according to a new survey.
The Conservative Party has pledged to scrap the main rate of National Insurance for the self-employed by the end of the next Parliament. Meanwhile, Labour Party plans for supporting small firms include replacing business rates and cracking down on late payments.
Two new polls have found that many freelancers and small business owners have yet to decide how they will vote in the general election on 4 July.
A new survey has found that increased demand from clients for a full spectrum of services is driving accountants to rely on technology to stay ahead of the curve.
Freelance body IPSE says the next government should take more responsibility for HMRC's actions to boost trust with the self-employed.
The British Chambers of Commerce and the CBI have laid out their proposals for the new government ahead of the general election.