This is a practical UK guide to all aspects of direct taxation of a small business. It is ideal for sole practitioners and small partnerships, but will be a handy reference guide for all UK tax advisers. The book gives a clear explanation of the relevant legislation and practical advice on ways of minimizing clients' tax liabilities and warning against common pitfalls. The tax advantages of incorporating a small business need weighing up carefully, and business owners need to decide whether or not the advantages outweigh the additional burden of compliance. This new edition has been updated...

This edition of The Taxation of Small Businesses is a practical guide to all aspects of direct taxation of small businesses in one volume. It is ideal for sole practitioners and small partnerships in the UK, but will be a handy reference guide for all tax advisers. The book aims to give a clear explanation of the relevant legislation and practical advice on ways of minimising clients' tax liabilities while warning against common pitfalls. The ninth edition has been updated to incorporate changes as a result of the Finance Bill 2016 as amended in Committee and Public Bill Committee, including...