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.

The top workplace challenges in 2019

8 January 2019

The top workplace challenges in 2019New research by Acas has revealed that sourcing staff with the right skills will be the biggest issue faced by businesses in the year ahead.

The survey, conducted by YouGov for workplace experts Acas, has found that over half of workers (53%) believe that getting the right people with the right skills will be the biggest issue faced by their workplace in the year ahead.

YouGov polled just over 2,000 employees below senior manager level; participants were asked to pick the three biggest issues faced by their current workplace in 2019. The results were:

  • Getting the right people with the right skills (53%);
  • Productivity (36%);
  • Technological change (36%);
  • Fit and healthy staff (18%);
  • Equality and fairness (17%);
  • Other (16%);
  • There won't be any issues faced by my current workplace in the next year (15%);
  • Tackling sexual harassment (3%).

Susan Clews, Acas chief executive, said: "Employees feel that getting workers with the right skills is a key concern in the year ahead. This could be attributed to uncertainty around our relationship with the EU at the moment or general concerns around skills shortages.

"Technological change is also on people's minds and we have found that if it is not managed well then it can cause stress and impact workplace relations," added Clews. "It is unsurprising that productivity continues to be a top concern in UK workplaces. We believe a well-managed and innovative workplace that encourages employee engagement can help improve the UK's low productivity and make the most of people's skills."

Acas offers advice, case studies and a diagnostic tool for employers looking to improve productivity. It has also published a guide on introducing new technology, looking at how this can have an impact on employment relations as well as employee health and wellbeing.

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