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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.

The truth about happiness at work

13 May 2019

A happy employeeDoing meaningful work is the most important factor that affects an employee's happiness at work, according to new research.

Wrike has surveyed 1,000 workers each in the UK, US, France and Germany on issues related to work culture, compensation and collaboration. The findings show that work happiness is not all about money, with 54% of those polled saying they have taken a pay cut to take a job that made them happier.

Globally, more men (50%) than women (37%) have taken a pay cut to accept a job that made them happier. When it comes to general job happiness, 71% of Americans are mostly happy, compared to 70% of Germans, 65% of Brits and 54% of the French.

The happiest employees report that diversity is above average in their workplace and say "doing meaningful work" is the most critical factor in their happiness, ranking higher than compensation. In the UK, the happiest employees rank office location as the second most crucial factor in their happiness at work, after "doing meaningful work".

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The report has also found that happiness and productivity are heavily linked, with 91% of elated employees saying they are "very productive" at work.

"The nature of work is changing and with it, employers must also evolve their strategies for building happy and engaged workforces," said Megan Barbier, Wrike vice president of people operations.

"It's time to update our assumptions on what drives happiness so that businesses can truly invest in what matters most to their employees. That requires building an environment where teams can collaborate effectively, regardless of location, to complete work that has meaning and resonates with their values."

Portia Hickey, chartered business psychologist, said: "One especially striking finding from Wrike's Happiness Index is that over half of UK full-time employees have taken a pay cut to accept a job that made them happier. This should serve as a wake-up call for employers - if your staff aren't happy, they will consider going elsewhere, no matter how much you pay them."

The full results of the survey have been published in a report, From Positivity to Productivity: Exposing the Truth Behind Workplace Happiness.

Written by Rachel Miller.

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