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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.

Elite Business launch livestreams at the UK's biggest business expos

28 February 2023

Elite Business, the publication dedicated to inspiring Britain's SMEs, is celebrating ten years of entrepreneurship with livestream panel discussions at the UK's top business expos.

Elite Business has partnered with Tech Show London, the SME Xpo, Ideas Fest, Technology for Marketing, bringing livestream panel discussions around key topics for SMEs in 2023.

The programme kicks off at the Tech Show London on 8 March 2023 on the Big Data & AI World Keynote Stage, focusing on 'How to build the ultimate tech team for your SME business'.

'Pay for tech talent or grow your own and train in-house: How to build the ultimate tech team for your SME business' will focus on whether SMEs should pay above and beyond for a super skilled tech team or upskill existing employees.

The livestreamed panel discussion will discuss the merit of paying for outside expertise versus increasing training budgets to upskill existing employees. The discussion will be hosted by Hannah Prevett, deputy editor, The Times Enterprise Network at The Times & The Sunday Times, and founding editor, Elite Business.

The panel includes:

  • Melissa Snover - award winning ceo and founder at Nourish3d and Script3d
  • Kim Antoniou - award winning entrepreneur, founder and inventor of tech for good for positive impact, Auris Tech/Kafoodle
  • Will Hale – group director EMEA, Monday.com, previous executive at Cisco & Salesforce
  • Ketan Makwana - chair and founder of Seventy7 Ventures, Web3 Catalyst with focus on Media, Entertainment & Sports, TEDx Speaker, Author & Mentor

The discussion, which will take place on day one of the Tech Show London, will address the critical roles that SMEs must have in today's modern business world in order to be AI and data savvy. The expert panellists will share their challenges and top tips for building an ultimate tech team and, crucially, how to avoid mistakes and plan for the future of AI and data.

For access to the full programme of events and to register for the livestream sessions, visit: https://elitebusinessevent.co.uk/register/

Details of Elite Business Live 23 'On Tour' Programme:

Elite Business Live – Tech Show London

ExCeL London

Date: 8 March 2023 (Day 1)

Scheduled broadcast: 16:15

Elite Business Live – SME Xpo

ExCeL London

Date: 25 April 2023 (Day 1)

Scheduled broadcast: 11:20

Elite Business Live – IdeasFest

Colchester

Date: 4 July 2023 (Day 1)

Scheduled broadcast: 13:00

Elite Business Live – Technology for Marketing

ExCeL London

Date: 27 September 2023 (Day 1)

Scheduled broadcast: TBC

Written by CMEG.

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