Is this the right book for me?

Highly relevant information and advice

Written by one of the country’s leading tax writers, this edition of the highly successful Understand Tax for Small Businesses is aimed at small businesses and fills a conspicuous gap in the market. Following the business life cycle, it provides highly relevant information and advice on the real events that business people experience, whether self-employed or running a company.

Gain understanding of tax principles and the tax system

Throughout this book the reader gains a basic understanding of tax principles, the operation of the tax system and knows when to ask for help, rather than being told how to fill in forms or ‘save’ tax. It empowers the reader to transact with an accountant or the tax authorities on a more equal footing.

An appendix provides a matrix for readers to complete with details of the new tax rates following each Finance Act, together with details of where this information can be sourced. It also provides links to other available information – building on free information available online, particularly from HM Revenue and Customs, there will be frequent Internet links to help the reader navigate the wealth of tax information available.

New material covered in this edition includes:

– Changes in the corporation tax rates.

– Significant reforms to the capital gains tax regime including the abolition of taper relief and indexation allowance.

– The new entrepreneurs’ relief – of great significance to small businesses people.

– The new style, simplified income tax return; new filing dates for returns; fines.

Understand Tax for Small Business includes:

Chapter 1: Which taxes do businesses pay?

Chapter 2: How the tax system works

Chapter 3: Starting a business

Chapter 4: Profits

Chapter 5: Losses

Chapter 6: Equipment

Chapter 7: Employees

Chapter 8: Premises

Chapter 9: VAT

Chapter 10: Pensions and insurance

Chapter 11: Incorporating a business

Chapter 12: Closing a business

Chapter 13: Selling a business

Chapter 14: Passing on a business

Chapter 15: Putting it all together

Learn effortlessly with a new easy-to-read page design and interactive features:

Not got much time?

One, five and ten-minute introductions to key principles to get you started.

Author insights

Lots of instant help with common problems and quick tips for success, based on the author’s many years of experience.

Test yourself

Tests in the book and online to keep track of your progress.

Extend your knowledge

Extra online articles to give you a richer understanding of the subject.

Five things to remember

Quick refreshers to help you remember the key facts.

Try this

Innovative exercises illustrate what you’ve learnt and how to use it.