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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 to take place this March

18 January 2024

The premier business conference, Elite Business Live, is set to open its doors for the 11th year on 13-14 March 2024, at the Leonardo Royal Hotel, St. Paul's, London.

This prestigious event is dedicated to the most dynamic fast-track start-ups, SMEs, and high growth businesses, offering an unrivaled platform for growth and innovation.

Over the course of two days, thousands of business leaders and entrepreneurs will gather to share insights, build connections, and redefine the landscape of modern business. Attendees can engage with panel discussions, take part in interactive breakout sessions and exclusive VIP networking opportunities.

Esteemed entrepreneur and serial founder Oli Barrett, and Hannah Prevett, Deputy editor The Times and The Sunday Times will orchestrate the proceedings, alongside a diverse array of over 50 industry pioneers and experts. The impressive lineup of high-profile speakers includes Alison Edgar MBE, author and media commentator; Piers Linney, former investor on Dragons’ Den (Shark Tank) and Co-founder of Implement AI, and Allyson Stewart-Allen, Chief Executive of International Marketing Partners.

The conference will delve into a variety of pressing topics, including sales strategy enhancement, the integration of AI in business, remote work dynamics, cultivating a growth mindset for global success, leveraging data and technology for business transformation, and effective PR and marketing tactics to boost sales. Additional discussions will focus on talent management, international market expansion, and the evolving discourse on sustainability.

"I am thrilled to be part of Elite Business Live 2024. I’ll be sharing my insights drawn from my journey in international business. This event is not just a conference; it's a catalyst for transformation, equipping SMEs with the tools to innovate, expand, and excel." Allyson Stewart-Allen, International Marketing Partners

Elite Business Live is committed to supporting the thriving SME community and ensuring maximum accessibility. The two-day event will be live streamed for free to over half a million entrepreneurs and business leaders.

Throughout January, online tickets are available buy one, get one free. Register today.

Submitted by Scott English, CEMG

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