If you're starting a business, one of the critical elements to get right is your tax arrangement. Getting your taxes wrong can mean unnecessarily inconveniencing your business by limiting your cashflow, or being hit with a large tax bill when your tax is later correctly calculated.

The first thing to establish is whether your start-up is a limited company, or if you're operating as a sole trader. This can have different tax implications so it's important that you know what you're setting up your start-up as. From there you can deal with the list of taxes that businesses must pay. Here we take a look at six tax issues to get right