PAGES: 294
EDITION: 12th
ISBN: 9781911020899
READ CONTENTS & FIRST SECTION
Small Business Tax Saving Tactics
Tax Planning for Sole Traders & Partnerships
This unique guide is essential reading for all self-employed business owners (sole traders & partnerships).
It is also essential reading for all accountants and bookkeepers.
The guide contains over 50 chapters of practical, tried and tested tax saving techniques that your business can implement year in, year out, illustrated with easy to follow examples.
This latest edition covers the 2023/24 tax year.
Many of the tax saving ideas contained in the guide are not widely known. Even those with substantial knowledge will uncover lots of valuable tax saving gems that will help them pay less:
- Income Tax
- National Insurance
- VAT
- Capital Gains Tax
- Inheritance Tax
What Information is Contained in the Guide?
Subjects covered include:
- All recent tax changes...plus changes coming in the near future.
- How to claim a bigger home office tax deduction.
- Paying tax-free salaries to your spouse/partner and children.
- How to claim a tax deduction for your travel expenses, including flights, hotels, meals, alcohol, etc
- How to make some entertainment costs tax deductible.
- The tax benefits and drawbacks of using the cash basis.
- E-commerce tax issues.
- Fully updated guidance on 'basis period reform', how to make the most of these changes to tax year ends, and why it sometimes turns year-end tax planning on its head this year.
- Why some business owners could save thousands by changing their accounting date for 2022/23: you need to decide by 31st January 2024.
- 7 chapters on motoring tax issues, fully revised to reflect changes in the car market:
- The tax benefits of electric cars, double-cab pickups, vans and motorbikes.
- How not claiming capital allowances on vans and other assets can lead to tax savings of thousands of pounds.
- All expenses on which VAT can be reclaimed: accessories, repairs, parking, number plates etc.
- Guidance on claiming tax relief for parking costs and fines.
- How to immediately recover over half the cost of a motor vehicle in tax relief.
- Fully updated chapter on the tax benefits of leasing versus buying cars, including electric cars.
- The latest news on Making Tax Digital.
- How to maximise the tax relief on your borrowings.
- Tax-free benefits that can be paid to your employees.
- Four chapters dealing with property tax planning.
- A comprehensive list of year-end tax planning strategies.
- Claiming tax relief for bad debts and losses.
- VAT saving strategies.
- How to pay 10% capital gains tax thanks to Business Asset Disposal Relief.
- Inheritance tax – Everything you need to know about Business Property Relief.
Click here to read the full contents listing and first section of the book
Free Bonus Tax Guide - How to Save Tax 2025/26
When you order this guide you will also receive a FREE copy of How to Save Tax.
This comprehensive tax guide contains around 130 pages of tax saving tips. The latest edition includes all major tax announcements made in the October 2024 Budget and the March 2025 Spring Statement.
Please click here for more information on this excellent bonus e-book.
What Will I Receive?
- Printed Book Orders - 294 page professionally printed book plus FREE PDF copy (immediate download)
- eBook Orders - 294 page PDF book (immediate download)
- All Orders - A FREE copy of our bonus guide How to Save Tax (immediate download)
- 100% Money Back Guarantee - Full refund if you are not entirely happy with your purchase
- 42% Tax Saving - This book is a valid business expense so the taxman typically refunds 42% of the cost.
- Cheap Postage - P&P only £2.99 no matter how many books you order. UK postage only.
