Tax Guides
How are small businesses taxed in the UK? We explore the various taxes you will encounter as a business owner – either as a sole trader or a limited company.
Key Guides
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Tax reliefs and allowances your business could benefit from
Tax reliefs could save you thousands on your Corporation tax bill. If you haven’t yet explored these reliefs, there is no time like the present.
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Limited company expenses – what can you claim for?
Which expenses you can and can’t claim via your limited company, and what to consider when deciding whether it’s you or your business that should pay for something.
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What business expenses can you claim as a sole trader?
Whether you work from your laptop at home or have premises fitted with expensive equipment, every business has running costs. But what counts as a legitimate business expense when you’re a sole trader?
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Selling your small business and claiming Entrepreneurs’ Relief (BADR)
Entrepreneur’s Relief can help reduce your capital gains tax bill if you sell your business. In 2020, it was renamed ‘Business Asset Disposal Relief (BADR)’.
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Can your business claim the £4,000 Employment Allowance?
If you have employees, your business may be eligible to reclaim up to £4,000 of employers’ National Insurance Contributions from HMRC each year, thanks to the Employment Allowance.
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What does Budget 2021 mean for small business owners?
The March 2021 Budget contained a wide range of announcements that will affect businesses of all sizes. Here, we outline the main measures which affect individuals, the self employed, and limited company owners.