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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.


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.

New initiatives put small firms in the spotlight

17 November 2020

A new collaboration between Yell and Amazon means that millions of small businesses can now be found using Alexa; and a start-up is offering grants to help SMEs make TV ads.

Since October, over 2.5 million Yell customers in the UK have become discoverable via Alexa thanks to a collaboration between Yell and Amazon. This agreement is in addition to similar arrangements that Yell has in place with Apple and Bing. The rich content includes consumer reviews, opening hours and other business information.

According to Yell, ownership of voice-activated smart speakers in Great Britain has grown by 35% since 2019 and over two-thirds of owners interact with their voice assistants on a daily basis. Now, thanks to the collaboration, Brits can ask Alexa to find them a local plumber or a nearby hairdresser.

Claire Miles, ceo of Yell, said: "We're always looking at how we can broaden the channels from which our customers can be found. With many of us spending more time in our homes, it's key to enable end consumers to search for and find the local businesses or services they need, through their preferred choices of digital channel. This arrangement with Amazon … now makes it even easier for end consumers to ask for local business information straightaway."

Meanwhile, another new initiative has been launched to help UK small businesses advertise on TV. Barter start-up baggl has pledged £1 million worth of TV advertising grants for small businesses.

The initiative is being supported by AdSmart from Sky and it aims to give 300 small businesses match-funded TV advertising grants worth £3,500. Applicants will be required to match-fund this with an equal contribution of £3,500, totalling £7,000 for an AdSmart local TV campaign, including video production.

Each successful applicant will receive a 30-second localised TV commercial, including video production. The ads will be broadcast on a regular basis over 30 days across Sky's premium channels including Sky Sports, Sky Cinema, MTV, National Geographical and Sky Atlantic. The ads will be targeted based on customer attributes including age, gender, income, profession and residential status and within a 2.5-mile radius of their desired postcode.

According to baggl, campaigns will be turned around and ready for broadcast in one to two weeks, allowing small businesses to get on to television leading up to Christmas and into 2021. Applications close on 31 December 2020.

Baggl is a new online marketplace about to launch, where business and freelance members can trade products and services with one another using a combination of cash and barter trade credits.

Written by Rachel Miller.

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