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.

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.

How to close the gender pay gap

11 February 2019

Male and female symbols on piles of coinsThe government has published new guidance for employers to help them identify why they have a gender pay gap and how to take action to close it.

The Government Equalities Office (GEO) has published two new pieces of guidance on the gender pay gap (GPG). Eight ways to understand your gender pay gap is aimed at helping companies to identify areas for improvement, including disparities in starting salaries, gender-biased performance scores and the impact of part-time working and parental leave on pay. Alongside this, a four-step guide explains how to develop an effective gender pay gap action plan.

GEO research has found that more companies have prioritised reducing their gender pay gap since the introduction of gender pay gap legislation in 2017; 69% of employers now view closing the GPG as a high or medium priority, an increase of 8% on last year.

"The gender pay gap is at its lowest level on record, but that is still not good enough if we want to achieve real gender equality in the workplace," said minister for women Victoria Atkins.

"Last year, 100% of companies in scope reported their pay gap data, but they now need to take steps to put an end to this inequality. These steps include better engagement from senior leadership, more open conversation about why organisations have a gender pay gap and improving recruitment practices. We want employers to understand the causes of their gender pay gap and create action plans that will close those gaps for good."

With 10,000 companies reporting their pay gaps last year, the research also shows that 67% of companies are having discussions at board level to find ways of closing the gap.

The next gender pay reporting deadline for large private and voluntary sector employers is 4 April. Public sector organisations have to report by 30 March.

News type:

Stay up-to-date with business advice and news

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