Small Business

Knowing when you have started to trade and informing HMRC
Keeping business records
CIS subcontractors and contractors
Using the simplified cash basis for reporting profits or losses
Early year losses and maximising the tax relief on them
What costs are allowed and what costs are not for tax
Tax relief on different types of capital expenditure
Disposing of assets and re-investing in new assets
Paying tax and NIC on profits
Setting up a partnership and splitting profits
How to move your business into a limited company in a tax efficient way
Tax charges or tax reliefs on selling or passing on a business
Ceasing trading and maximising tax relief on final years’ losses
Registering for VAT and complying with ‘Making Tax Digital’