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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.

eBay hits the road to support online entrepreneurs

19 April 2022

The eBay Business Roadshow will visit 12 cities and towns, delivering training, support and investment worth over £1 million to small online businesses across the UK.

eBay is investing over £1 million in skills and funding to help UK small business communities thrive post-COVID. The eBay Business Roadshow is eBay's first physical roadshow and investment programme in the UK. It is intended to help would-be and fledgling entrepreneurs to start up and scale up their online businesses. eBay has partnered with Small Business Britain and the British Chambers of Commerce (BCC) to deliver the roadshow as well as calling on local business experts. It is also offering access to networking, skills and training via its online learning tool, eBay Academy.

New research conducted by eBay has found that 69% of UK small businesses say that for the first time ever, they are facing inflationary pressures across all parts of their business - including supply chain, energy, wages and rentThe majority (59%) say their finances are stretched and 47% say that a lack of investment is preventing business growth.

The eBay Business Roadshow starts at Sheffield City Hall on 28-29 April. This two-day event will include sessions on how to start up and scale up small businesses, with eBay experts available to answer questions. Business clinics with eBay, Small Business Britain and the Sheffield Chamber of Commerce will provide free one-to-one advice on everything from marketing to accessing finance. Businesses will also be able to access grant funding at each event, with eBay investing over £1 million in grants over the next 12 months.

Murray Lambell, general manager at eBay UK, said: "eBay has a long heritage in supporting our army of 300,000 small business sellers in both the good times and the more challenging times, so we're very proud to build on this by announcing this first ever national Business Roadshow, which we hope will make a meaningful difference for small businesses and entrepreneurs across the country, providing them with the skills, investment and network to thrive in the long-term."

Michelle Ovens, founder of Small Business Britain, said: "Whilst we are now seeing positive signs of recovery, the huge financial pressures on small businesses remain. That's why we're so delighted to support the eBay Business Roadshow. Support networks and access to training and investment will be crucial for small businesses as they come out of this period and look ahead to recovery. We can't wait to travel the country and meet some of the country's most inspiring entrepreneurs."

Shevaun Haviland, BCC director general, said: "Initiatives like the eBay Business Roadshow are … vital to help small businesses. Not only in helping them to navigate such a complex business environment, but to provide them with much needed financial support so that they can best start up, scale and share."

After the first event in Sheffield, eBay will visit Salford (26-27 May), Newcastle (9-10 June) and Glasgow (16-17 June), followed by Norwich, Leicester, Reading, Southend-on-Sea, Plymouth, Cardiff, Bristol and Belfast. Further dates will be announced in the coming weeks.

Written by Rachel Miller.

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