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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.

Mixed picture on SME fortunes ahead of Brexit

12 March 2019

Businessman Standing While Holding an UmbrellaThe latest SME Health Check Index has found that evaporating confidence and restricted GDP growth are hitting Britain's SMEs.

Despite an upturn in the overall Index score (out of 100), up 4.9 points to 54.9, Q4 2018 of the SME Health Check Index, produced by CYBG and Cebr, recorded the lowest levels of confidence and GDP growth since 2014.

On a more positive note, business cost inflation fell by 0.2% to 2.8% and the annual rate of growth in the value of SME's outstanding loan balances entered positive territory for the first time since 2013.

The regions seeing the biggest declines are the East Midlands and the East of England. The score for the North West rose considerably for the second consecutive quarter and both the South East and North East saw strong gains thanks to increases in employment and lending.

Graeme Sands, head of business banking at CYBG, and Cebr economist Nina Skero discuss the findings here:

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