Understand Tax for Small Businesses : Teach Yourself

Format:

Book

Author/Creator:

Deeks, Sarah.

Language:

English

Subjects (All):

Small business--Taxation--Law and legislation.

Small business--Taxation.

Tax planning.

Local Subjects:

Small business--Taxation--Law and legislation.

Small business--Taxation.

Tax planning.

Physical Description:

1 online resource (385 p.)

Place of Publication:

London : Hodder Education, 2010.

Language Note:

English

Summary:

A best selling, simple guide to understanding the various taxes affecting the small business. Clear, concise and written by one of the UK's leading tax writers, this book will take the terror out of tax and lessen the sting of unnecessary accountants' fees.

Contents:

Cover; Book title; Contents; Meet the author; Only got a minute?; Only got five minutes?; Introduction; What is this book about?; Who is this book aimed at?; Using this book; Being commercial about tax; Keeping it legal; Advisers; 1 Which taxes do businesses pay?; Taxes and duties checklist; Income tax; Corporation tax; Capital gains tax; Inheritance tax; National Insurance; 2 How the tax system works; Raising taxes; The Budget; HM Revenue and Customs; Self-assessment; Tax returns; Tax year; Records; Completing your tax return; Inaccurate returns; Late returns; Paying your tax

Correcting errorsEnquiries; Discovery assessments; Can I appeal?; 3 Starting a business; Working on your own; Sole trader; Limited company; Comparison of trading through a limited company rather than as a sole trader; Should I trade as a company or sole trader?; Working with others; Partnership; Limited liability partnership (LLP); Notifying HM Revenue and Customs; Starting to trade; Personal services; Casual income; Notification process; What does being registered with HM Revenue and Customs mean?; Other notifications; Expenditure incurred before the business starts; Financing the business

Anticipating tax payments4 Profits; Choice of year end; Accounts; Tax return; Income; Expenses; Problem areas; Profits; How much tax do I owe on my profits?; 5 Losses; Claiming income tax losses; Company losses; Capital losses; Loss claims for business investments that go wrong; 6 Equipment; On which items can you claim capital allowances?; Capital or revenue expenditure?; Types of capital allowance; Disposals; Cars; Capital allowance claims; Research and development; Leasing businesses; Putting it all together; 7 Employees; Employer's responsibilities; Who is an employee?; Paying employees

Taxing employeesTaking on a member of staff; Deductions; Statutory pay; Employer's National Insurance; Taxing perks; Tax-efficient perks; Construction industry; 8 Premises; Working from home; Renting premises; Buying business property; Selling business property; 9 VAT; What is VAT?; When do I need to register for VAT?; What is the rate of VAT?; Records and VAT returns; Complications; Special schemes; Cancelling your VAT registration; 10 Pensions and insurance; Paying into your own pension; Employers and pensions; State pension; Insurances; 11 Incorporating a business

When is the best time to incorporate?Closing down your self-employment; Starting a limited company; Minimizing capital gains tax; The advantage of running a business with share capital; 12 Closing a business; Closing down an unincorporated business; Closing down a limited company; VAT de-registration; Closing down your PAYE scheme; 13 Selling a business; What are you selling?; Will you receive cash or shares?; Reducing capital gains tax; Using professionals; 14 Passing on a business; Giving away your business; What happens to my business when I die?; Making a will; 15 Putting it all together

Nina's Kitchen

Notes:

Description based upon print version of record.

ISBN:

1-283-01051-8

9786613010513

1-4441-2589-3

OCLC:

703137823