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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10 things savvy entrepreneurs do to reduce their tax bills
Savvy entrepreneurs seem to make more money, yet find perfectly legal ways to optimise their taxes. So what do they know, and do differently to cut their tax bills?
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10 common self-assessment tax return mistakes and how to avoid them
If you need to submit a Self-Assessment Tax Return (SATR) it’s imperative you get it in on time and free of any mistakes. There are penalties for not submitting your tax return on time and…
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Top 10 VAT Tips for small businesses
Here are some tips to help small businesses keep on top of their VAT responsibilities – from choosing the right VAT scheme in the first place, to avoiding getting on the wrong side of HMRC.
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PAYE – overview of Pay as You Earn scheme for small businesses
In this article, we look at what the PAYE scheme is, and how it applies to the self employed, including limited company directors.
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5 tax incentives every small business owner should know about
Increasing cash flow and being tax-efficient are usually near the top of every small business owner’s agenda. One way to achieve both these aims is to take advantage of the various tax incentives available to…
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The Flat Rate VAT scheme & the Limited Cost Trader test
VAT is one of the more complex accounting practices you’ll have to undertake as a business, which is why it can help to make it as simple as possible. The Flat Rate VAT scheme does…