| Description |
1 online resource |
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text file |
| Contents |
Intro -- About the author -- Contents -- List of abbreviations -- Tables of authorities -- Cases -- Statutes -- Regulations -- Chapter 1. Income Tax Computation -- 1.1. Aggregation of Taxpayer's Income -- 1.2. Interest -- 1.3. Limit on Deductions from Adjusted Net Income -- 1.4. Payments to Charities -- 1.4.1. Gift Aid scheme -- 1.4.2. Gifts of land and buildings or shares -- 1.5. Personal Allowances Deducted from Net Income -- 1.5.1. Introduction -- 1.5.2. Personal allowance -- 1.5.3. Transfer of Personal Allowance -- 1.5.4. Blind person's allowance -- 1.5.5. Trading allowance |
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1.5.6. Property allowance -- 1.6. Computation of Tax -- 1.6.1. Tax rates -- 1.6.2. Scottish and Welsh rates of income tax -- 1.6.3. Extension of basic rate band -- 1.6.4. Savings allowance -- 1.6.5. Dividends Nil Rate Band -- 1.7. Tax Reducers -- 1.7.1. Categories of tax reducers -- 1.7.2. Married couple's age allowance (MCAA) -- 1.7.3. Reduction in MCAA -- 1.7.4. Marriage during tax year -- 1.7.5. Transfer of MCAA -- 1.7.6. Maintenance payments -- 1.8. Tax Retained on Interest, Royalties and Gift Aid donations -- 1.9. Comprehensive Example -- 1.10. Death and Separation -- 1.10.1. Death |
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1.10.2. Divorce and separation -- 1.11. Married Couples -- Joint Property -- 1.12. Minor Children -- 1.13. High Income Child Benefit Charge -- Chapter 2. Taxation of Trading Income -- 2.1. Introduction -- 2.2. Statutory Definitions of Trading -- 2.3. Statutory Trades -- 2.4. Case Law -- 2.4.1. Badges of trade -- 2.4.2. Trading or investment -- 2.4.3. Profit motive -- 2.4.4. Subject matter -- 2.4.5. Frequency of transactions -- 2.4.6. Length of ownership -- 2.4.7. Supplementary work -- 2.4.8. Manner in which assets are acquired and circumstances surrounding sale -- 2.5. Gambling and Speculation |
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2.6. Illegal Activities -- 2.7. Individuals Trading in Shares -- 2.8. Definition of Trading -- National Insurance -- 2.9. Mutual Trading -- 2.10. Election to Use Cash Basis -- 2.10.1. Conditions for making election -- 2.10.2. Amendments to rules relating to computation of profits -- 2.10.3. Transitional provisions -- unrelieved capital expenditure -- 2.10.4. Spreading of adjustment income -- 2.11. Capital and Revenue Receipts -- 2.11.1. General principles -- 2.11.2. Compensation for loss or sterilisation of profit-making apparatus -- 2.11.3. Compensation for loss of profit |
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2.11.4. Compensation for loss of or damage to fixed assets -- 2.11.5. Compensation and liability to tax -- 2.11.6. Know-how -- 2.11.7. Foreign currency transactions -- 2.11.8. Grants -- 2.12. Receipts not Received in Course of Trade -- 2.12.1. Non-contractual receipts -- 2.12.2. Unclaimed money -- 2.12.3. Commission, discounts and cashback -- 2.12.4. Sponsorship -- 2.13. Other Receipts -- 2.13.1. Rebates, insurance receipts, damages, statutory payments and interest -- 2.13.2. Release from debts -- 2.13.3. Directors' fees and professional appointments -- 2.13.4. Rent receivable |
| Summary |
The Taxation of Small Businesses 2020-21 is a practical guide to all aspects of direct taxation of small businesses in one volume. It is ideal for sole practitioners and small partnerships, but will be a handy reference guide for all tax advisers. The book aims to give a clear explanation of the relevant legislation and practical advice on ways of minimising clients' tax liabilities and warning against common pitfalls. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Small business -- Taxation -- Law and legislation -- Great Britain.
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Small business -- Taxation -- Law and legislation. |
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Great Britain. |
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Business enterprises -- Taxation -- Law and legislation -- Great Britain.
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Business enterprises -- Taxation -- Law and legislation. |
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Income tax -- Law and legislation -- Great Britain.
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Income tax -- Law and legislation. |
| Genre/Form |
Electronic books.
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Electronic books.
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| Other Form: |
Print version: James, Malcolm The Taxation of Small Businesses : 2020/2021 Portland : Spiramus Press,c2020 |
| ISBN |
1913507025 (electronic book) |
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9781913507022 (electronic book) |
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