Tax

Business Tax – an overview

At Yorkshire Powerhouse, we provide advice to startups, and small and medium-sized businesses to support them and help them grow.  An element of that is to be as tax efficient as possible.  This is not only about reducing the overall tax burden, but also making sure that there are no nasty tax surprises.  Paying tax is painful, but without planning then an unexpected tax bill can be catastrophic.

We would like to provide you all with relevant information on different aspects of taxation that apply to small businesses so please do subscribe to our blog to keep yourself informed.

As a business owner or company director, knowing whether or not you’re paying the right amount of tax can be tricky.  The finer details are probably best left to your accountants, but it’s still really important to have a broad understanding of the different taxes which you will encounter.

These guides will use straightforward terminology to explain the different types of taxes that can affect your business, giving you a brief overview of what they are and how they’re calculated and what the main pitfalls of them are.  We’ll look at:

VAT

Corporation Tax

Personal Taxes

When you should start paying these taxes depends on your business and individual circumstances, whether you are a sole trader or a limited company, how much profit your business generates, and your annual turnover.

Your business and circumstances are completely unique to you, and so the best advice we can give is to speak to an expert in accountancy and taxation.

Taxation can be complicated and challenging to get right … find an expert (an accountant or taxation expert!) who can support your business and work with you for the future growth you aspire towards.

Thinking about tax at Yorkshire Powerhouse

Have you any questions?

Here at Yorkshire Powerhouse, we’re happy to help as much as possible – is there anything else we can do to help you, do you have any further questions or can we help introduce you to an expert – please let us know:

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