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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.

Elite Business Live comes to ATOMICON

18 May 2023

Elite Business Live comes to ATOMICON to uncover business nightmares and share insight into the challenges and pitfalls of running a successful business.

Elite Business Live is excited to announce its participation at ATOMICON, the annual conference that is a 'must-attend' event for small businesses. The event will take place on Tuesday, 13 June, where Elite Business Live will broadcast from the main stage at 13:50 to thousands of people.

Dedicated to inspiring Britain's SMEs, this is their third event as part of the Elite Business Live tour celebrating ten years of entrepreneurship.

Sophie Milliken MBE will lead the panel discussion to uncover untold stories of successful entrepreneurs and the challenges they faced while running a fast-track start-up business.

The panellists, including Ben White, Rebecca Hartley, Lisa Eaton, and Dr Alka Patel, will delve into their experiences and share exclusive insights on the reality of running a successful business in today's fast-paced and ever-changing market. They will share their journeys, hardships, and successes.

"We are thrilled to be supporting Elite Business Live at ATOMICON and sharing our business insights with the audience. Running a successful business is not without its challenges, and we want to share the lessons the panel has learned along the way to help others avoid common mistakes." Sophie Millican, MBE

During the discussion, the panel will touch on the significance of mental health and the strategies they used to cope with setbacks, including hitting rock bottom and how they bounced back.

"We hope that our participation in ATOMICON will inspire and empower entrepreneurs to succeed in their business ventures," added Lisa Eaton, Founder and CEO, Fabric.

The Elite Business Live panel discussion at ATOMICON promises to be a valuable experience for entrepreneurs. Attendees and viewers will gain unique perspectives on entrepreneurship, the ups and downs of running a business, and strategies for coping with setbacks.

Register for the FREE livestream now.

Guest post from Elite Business Live

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