Taxation of Small Businesses 2015/16

Taxation of Small Businesses is a practical guide to all aspects of direct taxation of a small business in one volume. It is ideal for sole practitioners and small partnerships, 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 and warning against common pitfalls. The eighth edition has been updated to incorporate changes as a result of the Finance Act 2015 and the summer Finance Bill. 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. Major topics covered by the book include: taxation of business profits, taxation of employment, Corporation Tax, NIC, Capital Gains Tax, Inheritance Tax, Pensions, and Entrepreneurs’ Relief. About the author: Malcolm James is a Senior Lecturer in Accounting and Taxation at Cardiff Metropolitan University and has lectured widely on the subject of taxation on both professional and undergraduate courses. Before becoming a lecturer he worked for several large firms of accountants and also in industry.