Taxation of Small Businesses

This 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, but will be a handy references 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 and warning against common pitfalls.

The third edition has been updated to incorporate changes as a result of the Corporation Taxes Act 2010 and Finance (No. 2) Act 2010.

The tax advantages of incorporating a small business need weighing up carefully, and business owners need to decide whether or not the advantages outweight the additional burden of compliance.