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.

Will I have to pay back VAT?

My turnover is well below the current VAT threshold. If I cancel my VAT registration, will I have to pay back the VAT I have already claimed?

Tax

Tax

Would I be liable to pay business council tax?

If I worked from home in a spare bedroom on a computer trading foreign exchange virtually and there would be no visitors to my home, no deliveries, and no post to do with the work as statements sent via email, would I be liable to pay business council tax?

Tax

A simpler tax system for the smallest businesses?

Tim Lyford, director in the Corporate Tax division of Smith & Williamson, discusses the limitations of an OTS discussion paper on a tax solution for microbusinesses.

Tax

Tax dilemmas

Every small business should make their business tax as efficient as possible, this guide will help ensure you're not paying HMRC too much.

Tax

Deferred VAT payments for small businesses

I heard that the government were helping small business by deferring payment of VAT. Is this true and if so, what is the procedure?

Tax

Last minute tips for self assessment return

With the paper self assessment tax return deadline on October 31, Anita Monteith, technical manager of the Institute of Chartered Accountants Tax Faculty, has the following advice for ensuring you make the deadline.

Tax

Turnover limit for VAT registration

What was the limit for business turnover for 05/06 when you can become VAT registered?

Tax

The tax return clinic

SmallBusiness.co.uk and Andy Hardy from TaxCalc.com demystify the tax returns process and offer top tips on how you can ensure that you don't get caught out by the taxman or pay unnecessary fines.

Tax

Turnover limit for VAT registration

What was the limit for business turnover for 05/06 when you can become VAT registered?

Tax

The tax return clinic

SmallBusiness.co.uk and Andy Hardy from TaxCalc.com demystify the tax returns process and offer top tips on how you can ensure that you don't get caught out by the taxman or pay unnecessary fines.

Tax

Taxman clamps down on dividends

An increasingly tough approach from HM Revenue & Customs (HMRC) means owner-manager shareholders could pay a high price for failing to stick closely to the rules relating to dividend payments.

Tax

Tax exemptions for home-based workers

I would like to find out what tax exemptions are available for home-based workers, if any, i.e. in terms of vehicle usage. Unfortunately, the Inland Revenue site is abysmal to say the least. Can you help?

Tax

Dealing with tax and VAT

Small businesses are often tempted to 'go it alone' rather than seek professional help with their accounts – usually this is a cost-saving exercise, but can be a false economy in the long run.

Tax

Partnerships and VAT

Determining whether a partnership exists, particularly in respect of VAT, can sometimes be a difficult task.

Business Technology

Future-proof your business communications set-up

Landlines as we know them will be scrapped in 2027 – along with a raft of upcoming business changes. Here's how to ensure your communications set-up is fit for whatever the future brings

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Business Technology

Friendly guide – top tips for small businesses switching to VoIP

With the landline shutdown coming fast, there’s never been a better time to switch to VoIP. Don’t let your small business be left behind!

Export & Import

Avoid delays with exports and imports

Many factors can affect products’ journeys from A to B. Here are some tips for best practice for successful shipping in the modern world