Business Taxes

Few reading this guide will actually need to be 'introduced' to taxes but you definitely need to consider the implications of tax on your new business. This guide will take you through the various taxes that may apply to your business.

Background
Benjamin Franklin once said, "In this world nothing can be said to be certain, except death and taxes". He must have had a crystal ball showing what it was going to be like running a business in the UK. There is no escaping the fact that if you run a business you will be liable to tax. Although the tax comes in various forms the fact remains you will be paying a portion of your turnover to the government. Your accountant should advise you of ways to reduce your tax burden but unfortunately there is no legal way of escaping it altogether. Below are some of the more basic taxes that will be applied to your business:

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