business taxes Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/business-taxes/ Cash flow and financial planning made easy Wed, 31 Dec 2025 09:45:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://numbersknowhow.co.uk/wp-content/uploads/2022/02/cropped-Favicon-Cog.png business taxes Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/business-taxes/ 32 32 Business Taxes in Financial Planning https://numbersknowhow.co.uk/business-taxes-in-financial-planning/ Sun, 25 Dec 2022 17:00:48 +0000 https://numbersknowhow.co.uk/?p=12227   Handling business taxes in financial planning is a daunting task for many small businesses.  It’s easy to get overwhelmed when it comes to taxes.  However understanding the basics helps you make the best decisions for your business.  Let’s take a look at some of the key points around tax planning and how you can use them to get ahead.   Identifying Taxes Firstly, dealing with business taxes in planning is about identifying which taxes apply to your business. Understanding exactly which taxes your business is responsible for will help you stay on top of them.  Furthermore, it saves money by taking advantage of deductions or credits that may be available. Factoring In and using Tax Rates Once you understand which taxes apply to your business, the next step is factoring in the applicable tax rates so that you can plan accordingly. This includes income taxes, capital gains taxes, payroll taxes, sales or use taxes (if applicable), property or real estate transfer taxes, as well as any other special or local taxes relevant to your business. Knowing these rates will allow you to calculate how much tax liability your business will have each year and adjust accordingly if necessary. Timing […]

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