Skip to main content
We're here with practical tax information for your business. Find out about business taxes, tax planning and more.


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.


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.

Dodgy internet is biggest tech bugbear for small firms

7 January 2019

Dodgy internet is biggest tech bugbear for small firmsPhishing, unreliable internet, cyber security and GDPR compliance top the list of the most common technology-related challenges for UK small businesses.

A poll of SMEs by IT support provider Q2Q has found that 52% of company bosses say that an unreliable internet service is one of the biggest technology-related headaches they face as they head into 2019.

And, months after its introduction, 41% small business owners say that GDPR compliance is still causing confusion within their workplace.

"It's rather worrying that - six months on - 41% of SMEs are still unsure about the rules and regulations surrounding GDPR," said Andrew Stellakis, managing director of Q2Q.

"The appointment of a dedicated IT provider or GDPR officer - either in-house or externally - is often left until something goes wrong," he said. "But, as the news has been filled with reports of cyber attacks and GDPR fines over the past few months, it should be all SME owners' new year's resolution to ensure their company - and reputation - remains intact in 2019."

When it comes to phishing emails, those masquerading as financial information requests from the ceo and emails purporting to be from a foreign billionaire looking to pass on big sums of money make up 38% of the most common scam communications.

Unsurprisingly, the findings show that cyber security is responsible for 36% of management stress; and 22% of respondents said emerging online risks are one of the biggest IT challenges heading into the new year. The research also found that while 64% of SMEs outsource their IT support, 10% of company owners still don't have any technical support at all.

However, the biggest issue of all remains the reliability of the internet. "Hearing that internet issues are still responsible for over half of SME's IT-related headaches is simply inexcusable in this day and age," said Stellakis. " There are plenty of things which can cause a slow connection but understanding the root cause is key to getting the most out of our systems, employees and the working day."

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.