Category

Tax

The tax section features news and in-depth guides for UK small businesses and start-ups needing support on how to navigate the sometimes complex landscape of business taxation. The articles offer help with VAT, R&D tax reliefs, tax planning, compliance with tax regulations, and engaging in tax-efficient practices.

Do I have to charge VAT?

Brexit, new construction rules, and more businesses moving online during Covid, have made VAT rules even more complex. Here is a simple guide.

Tax

Tax

Top tax tips for family businesses 

Managing your company’s tax affairs to optimise the amount of tax that is paid is an entirely legitimate activity. There are a number of simple, legal benefits afforded to business owners

Tax

Taxman could claw back up to 10% of furlough cash

Small business owners unaware they have overclaimed could face having to repay 5-10% of furlough claims, warns top accounting firm

Tax

Cash in on tax credits – how to claim for R&D

Research and development (R&D) tax credits are a tax relief based on your company’s investment in innovative technology

Tax

What taxes does a business pay when employing staff?

Businesses that employ staff have an obligation to collect and pay taxes to HMRC in relation to that employment, as Emma Twynholm explains

Tax

What taxes does a business have to pay on its trading activities?

Joanne McLaughlin of Hillier Hopkins explains what taxes your business will have to pay on its trading activities

Tax

Which products have VAT on them?

Confused about VAT? Here are the rates along with some examples of the products and services included within them

Sole trader

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Tax

Which products have VAT on them?

Confused about VAT? Here are the rates along with some examples of the products and services included within them

Sole trader

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Tax

Super-deduction tax break – what is it and how does it work?

The super-deduction tax break means that you can claim 130 per cent of what you spend on equipment for your business against taxable profits.

Tax

7 tax myths for small business owner/managers exploded

As we head into the new tax year, Stuart Clark of Russell & Russell sorts out fact from fiction, putting money in your pocket

News

Small business should get HMRC refund to cover Covid losses, say MPs

Influential Treasury select committee says small businesses should get tax rebate to help cover coronavirus trading losses

News

Rishi Sunak eyes hiking corporation tax even higher to 25%

Doing so would raise around £20bn for the Covid-battered British economy but could hurt small businesses emerging from the rubble

Partner content

Small business owners: discover alternative funding solutions to help fuel your growth

Business Technology

Why you should upgrade your tech now rather than later

To run an optimal business, you must have optimal tech. We explain why you must upgrade your business technology on a regular basis

Investing in a franchise

Should I buy a franchise or go solo?

Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.

Partner content

16 ways to improve your business cash flow

Read here for 16 tried and tested tips and tricks to improve potential cash flow problems