Tax and National Insurance

Most businesses will have no choice but to register for VAT once their sales reach the VAT registration threshold. Failing to meet deadlines will also cause problems.

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Tax and National Insurance - overview

If you want to run a legitimate enterprise, you must pay tax. It's worth understanding your tax obligations before you start up to factor them in.

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How to work out tax and NI - overview

While it’s unrealistic to expect any small-business owner to have an in-depth knowledge of tax and NI rules, here are some key facts you should know.

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Accounting and bookkeeping - overview

The prospect of bookkeeping is enough to strike fear into many people who want to start a small business. But record-keeping is a legal requirement.

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Q&A: Producing invoices

If you've never produced an invoice before, how do you know what to include? Chartered accountant Elaine Clark answers key questions about invoices.

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Business tax

It helps to understand the taxes likely to affect your business, and have systems to help you comply with your obligations. Read our tax overview.

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National Insurance

Employers pay employer National Insurance contributions (NICs) for each employee, and also collect their employees’ contributions. Our guide to NICs.

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VAT

Once your sales reach the annual threshold, you must register for VAT. Our guide to when and how to register, and what you need to do once you have.

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Choose and use accountants and lawyers

Accountants and lawyers are vital advisers who could save your business a fortune - and rescue you from potential hot water with their expert advice.

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Q&A: Tax returns

Chartered certified accountant Raphael Coman of Coman & Co answers some key questions about tax returns, including important deadlines.

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Q&A: VAT registration

Kate Fisher explains the circumstances under which your business should be VAT registered, when you have to register and when you might choose to.

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Q&A: PAYE

If you have employees, you must operate a PAYE scheme. Chartered accountant Howard Hackney provides need-to-know answers to questions about PAYE.

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Q&A: Tax for the self-employed

When you become self-employed you become responsible for your own tax and NI. You'll need to know what and how much tax to pay and when.

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Q&A: Choosing an accountant

Chartered accountant Tim Haggard of My Bookkeeping Online answers some key questions about finding and choosing an accountant who is right for you.

Browse topics: Tax and National Insurance