TolleyGuidance Owner-Managed Businesses module contains a comprehensive range of easily accessible information on the following topics: computation of taxable profit, sole traders, partnerships, small limited companies, property businesses, business start ups and incorporation, sale and acquisition of a business, special businesses and OMB tax investigations.
The module has been written by highly regarded tax professionals who are specialists in their fields, and has Peter Rayney and Chris Chadburn as consultant editors.
Contact us for further information
Download the TolleyGuidance brochure
The module has been divided into the following areas:
| Computation of taxabe profit | Sole traders |
|---|---|
| Adjustment of profit | Current year basis |
| Capital allowances | Relief for trading losses |
| Trading activities | Averaging of profit |
| National insurance | |
| Tax Return | |
| Planning for sole traders |
| Partnerships | Small companies |
|---|---|
| Overview | Corporation tax compliance |
| Profit allocation | CTSA |
| Changes of partner | Disclosure of tax in company accounts |
| Partnership losses | Corporate debt |
| Partnership gains | Intangible fixed assets |
| Limited Liability | R&D expenditure |
| Partnerships | Relief for trading losses |
| National insurance | Close companies |
| Tax returns | Extraction of profit |
| Share schemes for SME's | |
| Tax incentivised investment | |
| Personal service companies |
| Property businesses | Business start ups & incorporation |
|---|---|
| Trading or investment | Starting in business |
| Taxation of property income | Trading vehicles |
| Acquiring premises | |
| Personal service companies | |
| Setting up overseas | |
| Incorporation |
| Sale and acquisiton of a business | OMB Tax Investigations |
|---|---|
| Selling the family business | HMRC powers in relation to compliance checks |
| Close a company down | HMRC campaigns and voluntary disclosure opportunities |
| Passing on the family business | HMRC Taskforce visits |
| Valuation of the business | Business record checks |
| Purchase by a company of own shares | Checks on returns |
| Buying a company or trade | Contractual Disclosure Facility |
| Management buy-outs | Single compliance process |
| Demergers | Employer compliance |
| Company reorganisations | Determinations |
| HMRC clearances | Dispute resolution procedure |
| Penalties for inaccuracies in returns | |
| Penalties for inaccuracies in returns | |
| Penalties for failure to notify | |
| Interest and penalties on late paid tax | |
| HMRC programmes for deliberate defaulters | |
| Appeals | |
| Risk management |
| Special businesses | |
|---|---|
| Solicitors & Barristers | |
| Doctors & Dentists - Coming soon | |
Related Products
Get the practical tools, advice and resources to provide relevant up-to-date information to clients.
