Product Description

Written by one of the country's leading tax writers, this second edition of the highly successful 'Understanding Tax for Small Businesses' is aimed at small businesses and fills a conspicuous gap in the market. Following the business lifecycle, it provides highly relevant information and advice on the real events that business people experience, whether self-employed or running a company.



Throughout this book the reader gains a basic understanding of tax principles, the operation of the tax system and knows when to ask for help, rather than being told how to fill in forms or ‘save’ tax. It empowers the reader to transact with an accountant or the tax authorities on a more equal footing.




An appendix provides a matrix for readers to complete with details of the new tax rates following each Finance Act, together with details of where this information can be sourced. It also provides links to other available information - building on free information available online, particularly from HM Revenue and Customs, there will be frequent Internet links to help the reader navigate the wealth of tax information available.




New material covered in this second edition includes:



- The abolition of the 10p rate of tax from 6 April 2008 and the new 10% rate for some savings income.



- Changes in the corporation tax rates.



- Significant reforms to the capital gains tax regime including the abolition of taper relief and indexation allowance.



- The new entrepreneurs’ relief - of great significance to small businesses people.



- The new style, simplified income tax return; new filing dates for returns; fines.

Product Details

• Amazon Sales Rank: #14232 in Books
• Published on: 2009-03-27
• Original language: English
• Binding: Paperback
• 320 pages

Review

It is vital that a guide like this exists. Concise and straight-talking, Deek's book takes the jargon associated with tax and remoulds it into something small business managers can digest.

About the Author
Sarah Deeks LLB FCA is a chartered accountant and a member of the Faculty of Taxation. An experienced  tax practitioner, she has been one of the UK's leading tax writers since 1988.

Customer Reviews

I would be lost without this book
Recently I started working for myself and last year I had to fill in a UK self-assessment tax return for the first time. When I got the tax form from the Tax Office my heart sank - there were so many things I had to fill that I didn't understand. Furthermore the guidance notes that came with the form seemed to assume a level of understanding that was far greater than mine. Luckily I found this book on Amazon - there is no way I could have filled in my tax return accurately without it!

It is packed with information on tax matters for small businesses and it is clearly written with loads of examples to help explain the various calculations. I found the sections on expenses, capital allowances and working from home especially helpful as I was previously uncertain what things were tax-deductible. For those with bigger operations there is plenty of information on employees, VAT, and buying or renting business premises as well as what to do if you are closing or selling your business.

JUST WHAT I'VE BEEN WAITING FOR!!
Having recently set up a small business and being useless with "tax things" I really had to get to grips with tax. This book's straight-talking, non-nonsense style told me exactly what I needed to do. I have only owned the book a few days but I am already more confident about tax.
What I liked about this book was the fact that I didn't have to read it all - but I read more than I thought I would.

The first three chapters got me started. I then read chapter 5 to see if I was working out my business profits correctly, chapter 7 to see how much tax I would save by buying equipment and chapter 10 because I was wondering whether to register for VAT. Excellent - Thanks sooooo much!