Can you give me Business tax advice, don't know where to start?

If I set up a small business, how will I know what Tax to pay? What is the difference between VAT and business Tax. The government (UK) website is very confusing. Any simple advice would be appreciated.Can you give me Business tax advice, don't know where to start?
You will lose out unless you have an Accountant. I keep saying this to people and cannot understand why anyone with a limited knowledge on this subject would try to muddle through. Your Accountant will save you more than his fee. There are allowances for working from home, there are legalities to be considered when invoicing, there are lots of things that can be deducted from your tax, there is NI to take into account - an Accountant will explain all these to you and make sure that you get the maximum allowances that you can.Can you give me Business tax advice, don't know where to start?
What is the difference between VAT and business Tax?





OK...so you will sell stuff to your customers (hopefully!), and when you give them their bill, you will add a ';Value-Added Tax'; to the price and charge them that, too....this tax you are simply ';collecting on behalf of the Inland Revenue';, you'll keep a record of your total sales, and every quarter you'll pass along to the tax office the money you have collected (minus a very tiny 'allowance' you get to keep for doing that)....that's the VAT.





Business tax, on the other hand, is what you will pay on your profits; if you spend a thousand pounds on goods then resell them for two thousand pounds you would pay business tax on a thousand pounds. More likely, though, you will also deduct the costs of travel, advertising, rent, office expenses, etc., etc., and end up only making a real profit of two hundred pounds, so you'll pay business tax on that.





Even though they cost money, it's well worth using a tax accountant to help you set this all up %26amp; do it right...running your own business may be the only way left in Britain to get rich without winning the Lottery!
If you are in the London area, Alan Patient of Alan Patient %26amp; Co. will help your fledgling business now and later on, as it grows.