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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.

Employees demand change on diversity, equality and inclusion

6 December 2022

An international survey of workers has found that organisations and businesses need to do more to create inclusive workplaces.

Kantar has surveyed 13,000 employees in order to benchmark the progress being made on diversity, equality and inclusion in the workplace. Its findings reveal that 46% of employees are demanding that their employers do more to drive systemic change in diversity, equality and inclusion (DEI).

The research study focused on 24 sectors in 13 countries - Australia, Brazil, Canada, Germany, Spain, France, UK, India, Italy, Japan, Mexico, the Netherlands, USA. The Kantar Inclusion Index ranks the most inclusive countries and industries, by measuring employees' lived experiences, evaluating a sense of belonging and the presence of discrimination and negative behaviour.

It finds that the Netherlands, Germany, Mexico, Spain and Canada have the most inclusive workplaces. However, inclusivity has worsened in eight countries, including the UK, USA and Italy. Personal services, such as hairdressing and beauty salons, is the most inclusive sector. The entertainment industry, together with agriculture and fishing, are the least inclusive industries.

The findings reveal that a quarter of respondents globally are likely, or highly likely, to leave their company based on lack of inclusion and/or discrimination experienced - this rises to 34% for those under 35 and 39% for those identifying as LGBTQ+.

On a positive note, 71% of respondents say their company is actively taking steps to be more diverse and inclusive and 46% of respondents say that they have personally benefitted from DEI initiatives in their organisation.

Commenting on this year's Index, Nadach Musungu, inclusion lead at Kantar, said: "The data shows that we're not seeing the anticipated growth on inclusion, but that is not to say DEI has lost its importance in the workplace. Rather, employees' expectations on DEI are shifting, what was good in 2019 no longer is enough in 2022."

"In the midst of the great resignation, and fight for the best talent, companies cannot fail to act, as this may result in employees voting with their feet."

Other key findings show that:

  • One in two respondents who identify as disabled feel that opportunities to progress have been restricted by senior colleagues;
  • One in four respondents from an ethnic minority report having been made to feel uncomfortable in the workplace;
  • 33% of those who identify as LGBTQ+ say they have been bullied and undermined at work;
  • Almost half of women (49%) have experienced colleagues taking sole credit for shared efforts.

Written by Rachel Miller.

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