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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.

Working late is new normal for UK workers

18 August 2020

As more people work from home, a new study has found that longer working hours have become standard practice in the UK.

A study by NordVPN Teams has found that employees in the UK have settled into the habit of working two extra hours a day, suggesting that lockdown has permanently changed the way we work.

The trend is also apparent in the United States, where workers are now routinely working three hours more per day than they used to before lockdown.

All of the countries studied by NordVPN saw a significant rise in the number of hours worked when lockdowns were first imposed in March and April. In the UK, for example, average daily working hours increased from nine to 11. In the US, average hours rose from eight to 11. In France and Spain, hours went up from eight to ten; while in the Netherlands, Belgium, Denmark and Canada, average daily hours worked rose from nine to ten.

However, while workers in most of the countries studied have now returned to their pre-lockdown average working hours, in the UK and the United States longer working hours seem to have become the new normal.

Working habits have also been seen to change, especially in the UK. Before lockdown, UK workers would typically log on to start work at 7am and finish at 5pm. Since lockdown, that schedule has shifted to an 11-hour day starting at 9am and finishing at 8pm.

"We also see that there is no significant drop in the usage of business VPNs during lunchtime, which might suggest that lunch breaks have become shorter," said Juta Gurinaviciute, chief technology officer at NordVPN Teams.

The findings show that remote access and business VPN solutions are in high demand as work-from-home trends continue. The use of business VPNs "skyrocketed" in April, according to NordVPN Teams. It coincided with a widely-reported spike in the use of home networks and devices.

"The sharp increase in cloud and remote access VPNs continues," said Gurinaviciute. "Companies have taken action to get people to work online as fast as possible, but the new challenge is also to make sure they work as securely as possible. A recent Gartner survey found that more than 80% of company leaders plan to have their staff work remotely at least part-time."

Written by Rachel Miller.

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