YOUR BUSINESS _ AUTUMN 2024 T he saying 'you can't avoid death or taxes' may be true, but there are ways to make paying tax less painful. Every business operating in the UK must pay various taxes to the government, so understanding these obligations and ensuring compliance is crucial. Failure to do so can lead to penalties and fines. However, businesses can benefit from incentives, reliefs and allowances that allow them to reclaim or reduce taxes, making business investment more affordable. 95