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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

August 2024

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A new survey of 1,300 businesses by the British Chambers of Commerce has found that small firms across the UK continue to struggle with recruitment and staff retention.
The UK tax body HMRC has clarified the rules about five common misconceptions around registering for self-assessment and paying tax as a self-employed worker.
HMRC is writing to those it believes have undeclared income from the breeding of animals, including dogs and cats.
The number of workers on zero-hours contracts has increased by 288% since 2020; however, plans by the government to crack down on unfair zero-hours contracts are likely to affect small businesses across the UK.
Small business growth plans could boost the UK economy by more than £40bn, according to new research.
Experts report that small firms are being targeted by scammers, known as "ghost brokers", that advertise fake insurance deals.
A new report by the British Chambers of Commerce concludes that UK government contracts are "out of reach" for most small businesses.