Business Tax: Small Business Tax Saving Tactics

Small Business Tax Saving Tactics Book By Carl Bayley ACA & Nick Braun PhD

This unique guide is essential reading for ALL self-employed business owners (sole traders, partnerships etc) who want to pay less tax.

PUBLICATION DATE: Nov 2011
PAGES: 285
STATUS: IN STOCK

Overview of Small Business Tax Saving Tactics

This excellent book 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.

Many of the tax planning strategies 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

We believe that no book has ever been published that contains so many tax saving opportunities for self-employed business owners. The 1st edition has just been published (November 2011) and is completely up to date.

What information is contained in
Small Business Tax Saving Tactics?

• How to claim a tax deduction of up to £4,000 for your private household expenses(mortgage interest, council tax, gas and electricity etc) if you work from home
• … even if you only work at home some of the time!
• The special tax rules for part-time and hobby businesses.
• How to pay a tax-free salary to your spouse or partner.
• How to pay a tax-free salary to your children (including minor children).
• The tax benefits of making family members business partners.
• How to increase your Tax Credits by £8,200 by reducing your taxable profits.
• How to claim a tax deduction for your travel expenses, including flights, hotels, meals, alcohol, etc
• … even when you combine a business trip with a holiday!
• How to make your personal entertainment costs tax deductible.
• Tax saving strategies for e-commerce businesses.
• Plain English guide to capital allowances – including the big changes in 2012.
• How to save more tax when you buy cars, computers etc by timing your capital spending carefully and using the little-known capital allowances disclaimer.
• How to claim a £4,200 cashback from the taxman when you buy business assets.
• 7 chapters that will help you massively increase the tax relief on your motoring expenses. Topics covered include:

o How to increase your tax deduction for motoring costs by over £10,000 by using (or not using) the 45p/25p mileage rates.
o All expenses on which VAT can be reclaimed: accessories, repairs, parking, number plates etc.
o How to claim a bigger VAT refund on your fuel.
o How to immediately recover over half the cost of a motor vehicle in tax relief.
o Is it better to lease or buy your car? We provide the definitive answer to this important tax planning question

• Most people do not claim nearly as much tax relief on their borrowings as they should. Find out how much you can claim and how to avoid a dangerous trap.
• How to make interest on a personal loan (eg a home mortgage) tax deductible.
• Tax-free benefits that can be paid to your employees.
• How to make sure staff entertainment costs are always tax deductible.
• Compulsory employee pensions start in 2012. Find out how to avoid this new tax.
• Is it better to rent or buy business premises? We list the tax pros and cons.
• How to have property improvements classed as repairs so that you save more tax.
• How to claim immediate tax relief for the value of all the central heating, wiring, lighting and other ‘integral features’ when you buy commercial property.
• Year-end tax saving strategies.
• How to change your tax year-end itself and save up to £3,480 in tax.
• How to claim a bigger tax deduction for bad debts by making specific rather than general bad debt provisions.
• The special VAT schemes that could save you £1,000 every three months.
• How to pay 10% capital gains tax thanks to Entrepreneurs Relief.
• How to convert an investment property into a business property and save over £50,000 in capital gains tax.
• How to completely avoid inheritance tax thanks to business property relief and what you must do to protect this valuable relief.
• How to save up to £13,129 and possibly, up to £58,838 by setting up a company.

About the Authors of Small Business Tax Saving Tactics

The Authors of Small Business Tax Saving Tactics are Carl Bayley and Nick Braun.

Carl Bayley BSc ACA is one of the country’s most respected tax experts and is a regular contributor to TV and radio programmes and national newspapers on tax matters. He sits on the governing council of the Institute of Chartered Accountants.

Nick Braun PhD has been involved in the tax publishing world since 1989 as a writer, editor and publisher.

Contents of Small Business Tax Saving Tactics

Chapter 1 – Introduction
Chapter 2 – How Much Tax do Small Business Owners Pay?

PART 1 – Working from Home

Chapter 3 – How to Claim a Big Home Office Tax Deduction
Chapter 4 – Part-time Business, Special Tax Rules

PART 2 – How Your Family Can Help You Save Tax

Chapter 5 – How a Spouse or Partner Can Help You Save Tax
Chapter 6 – Many Business Owners Can Claim Tax Credits
Chapter 7 – Employing Children and Going into Business with Them

PART 3 – Employing People

Chapter 8 – The Hidden Cost: Employer’s National Insurance
Chapter 9 – Pay Your Employees Tax-Free Benefits
Chapter 10 – Staff Entertaining Can Be Tax Free
Chapter 11 – Compulsory Employee Pensions: How to Lower the Cost

PART 4 – Business Travel, Subsistence and Entertainment

Chapter 12 – Travel Expenses: How to Claim a Bigger Deduction
Chapter 13 – Subsistence: How to Claim a Bigger Deduction
Chapter 14 – Entertainment Can Be Tax Deductible
Chapter 15 – Travel Abroad and Claim the Cost
Chapter 16 – Travelling Abroad with a Spouse or Partner

PART 5 – Investing in Your Business: Capital Allowances

Chapter 17 – Capital Allowances: The Basics
Chapter 18 – Maximising Your Capital Allowances Claim
Chapter 19 – How to Claim a Cashback on Capital Spending

PART 6 – Leasing vs Buying Business Assets

Chapter 20 – Hire Purchase: How to Maximise Your Tax Relief
Chapter 21 – Leasing Assets

PART 7 – Motoring Expenses

Chapter 22 – Capital Allowances – Cars
Chapter 23 – Motor Vehicle Running Costs
Chapter 24 – How to Increase Tax Relief on Motoring Costs
Chapter 25 – How to Save VAT on Your Motoring Costs
Chapter 26 – VAT on Fuel: How to Claim a Bigger Refund
Chapter 27 – Become a Van Man and Claim the Full Monty of Tax Reliefs
Chapter 28 – Cars: Lease or Buy?

PART 8 – Maximising Tax Relief on Borrowings

Chapter 29 – How to Maximise Your Interest Tax Deduction
Chapter 30 – How to Make Interest on Personal Loans Tax Deductible
Chapter 31 – The Tremendous Tax Benefits of Offset Mortgages

PART 9 – Business Property

Chapter 32 – Business Premises: Rent or Buy?
Chapter 33 – Repairs Save More Tax than Improvements
Chapter 34 – Integral Features: Claiming Tax Relief on the Purchase Price
Chapter 35 – Loan Arrangement Fees

PART 10 – E-Commerce

Chapter 36 – Websites, Domain Names and Other Internet Costs
Chapter 37 – Tax Saving Opportunities for Internet Businesses

PART 11 – Year-End Tax Planning & Pro-active Accounting

Chapter 38 – Year-End Tax Planning Strategies
Chapter 39 – Change Your Accounting Date
Chapter 40 – Cost of Sales
Chapter 41 – Bad Debts
Chapter 42 – Accountants Make Mistakes

PART 12 – VAT

Chapter 43 – VAT Basics
Chapter 44 – The VAT Flat Rate Scheme: Benefits & Drawbacks
Chapter 45 – The Correct Retail Scheme Could Save You Thousands

PART 13 – Capital Gains Tax

Chapter 46 – Entrepreneurs’ Relief
Chapter 47 – How to Pay 10% Tax on Investment Property

PART 14 – Inheritance Tax

Chapter 48 – Business Property Relief: Avoiding the Grave Robbers
Chapter 49 – How to Safeguard Your Business Property Relief

PART 15 – Using a Company to Save Tax

Chapter 50 – Incorporate and Save Thousands in Tax
Chapter 51 – Benefits and Drawbacks of Using a Company

Ordering Information for
Small Business Tax Saving Tactics

Optional Free Electronic Book.

We offer all customers who purchase one of our eligible printed tax books the opportunity to receive an electronic copy of the same book free of charge. Simply contact us via email or phone following purchase.

Free guide included with every purchase

All customers will receive a complimentary electronic copy of our comprehensive tax guide ‘How to Save Tax 2011/2012′ – worth £19.95, with every purchase.

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