19th September 2009
Categories: Finance & Funding
Understanding and meeting your tax obligations is an essential task for any business. You'll need good record keeping, a clear understanding of the current regulations and regular updates from HMRC to stay on top of your legal responsibilities.
Fortunately, a lot of help is available. A good accountant can actually save you money by maximising your tax position and cutting down the amount of time you spend on red tape. In addition HMRC offers a great number of advice pages, downloadable booklets and online tools to help you get it right and become more efficient.
You can find these at: http://www.hmrc.gov.uk/employers/index.shtml or get started using the tax widget by clicking here.
DTI guide to ways to support your business - both financially and with advice.
If you have profits of over £20,000 you could save money by trading as a limited company. This Excel sheet allows you to enter your profit figures and see the tax payable as both a sole trader and as a limited company.
This factsheet takes you through taking payments through cash, cheques, BACs and credit/debit cards both on and off line.
Code of Practice on Discretionary Tips and Service Charges
Business Support RSS News Feed
Rules, Regulations & Licenses RSS News Feed