Description
James Bailey shows you how to implement the right tax structure from the outset in order to continue paying less tax, tax efficient ways to release money from the company and how to pass the company to your family, to name but a few of the strategies covered.
Contents for 'Tax Secrets for Entrepreneurs and Family Businesses'
* Choosing the most tax effective business structure from the outset
* Carrying losses back and claiming tax relief
* Less administration for sole traders and partnerships
* A cunning tax plan for transferring your business into a company
* Tax efficient ways to release money from your company
* Using a salary to withdraw money from your company
* Using a dividend to withdraw money from your company
* Using dividends in husband and wife businesses
* A comment on the Arctic Systems case
* Extracting cash by using benefits in kind
* Making a loan to a shareholder
* Liquidating the company and extracting assets
* Creating a tax efficient exit strategy
* Utilising the �?Substantial Shareholding Exemption’
* Benefiting from �?Entrepreneur’s Relief’
* The importance of �?Entrepreneur’s Relief’
* Strategy after disposing of your company
* A tax deferring scheme for entrepreneurs
* Passing your company to your family
* Two ways to pass shares to your children during your lifetime
* Watch out for HMRC attacks
* Beating HMRC attacks
* Passing your company on to employees
* Using the Enterprise Management Incentive
* Even more reliefs available
* Using tax shelters
* Using a VCT
* Using a Pension Scheme
* Tax reliefs available for a failing business
* Two more �?loss reliefs’ available
CTA James Bailey
former Inspector of Taxes
Tax Insider
Tax Insider publish tax saving magazines for UK taxpayers.
