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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

July 2024

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The majority of UK SMEs are still not using artificial intelligence, despite a growing acceptance by businesses that it will help boost productivity.
The Federation of Small Businesses has welcomed the creation of Skills England by the Labour government but it warns that the new body must not overlook the needs of the UK's 5.5 million small businesses.
The UK tax body has launched a digital tool to help small firms find out what registering for VAT could mean for their business before signing up.
A new survey of small business owners has revealed that 18% of SMEs have no cash reserves to fall back on - rising to 48% among the smallest firms with turnovers of less than £100,000.
Labour’s election victory: Small businesses applaud Labour’s good intentions, but the policies are doomed.
The challenges involved in securing external finance are preventing many small businesses in the UK from achieving their growth potential.