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Salary versus Dividends is essential reading for ALL company owners and directors. It tells you everything you need to know about paying yourself the most tax efficient mix of salary and dividends, fully updated.

Pension Magic shows you how to build a big retirement pot by claiming thousands of pounds of extra tax relief on your pension contributions. The 13th edition was revised in December 2022 and contains all the latest tax changes.

This brand new guide answers one of the most frequently asked tax planning questions: "What can I get my company to pay for?"Putting It Through the Company examines the rules for dozens of different business expenses.

Revised December 2022 - Completely up to date.This essential guide covers the four major tax changes that affect company owners: The corporation tax increaseThe 130% Super DeductionThe generous new rules for lossesThe increase in national insurance and income tax on dividendsThese important tax changes are relevant to ALL companies, including property investment companies.The third edition was revised in December 2022 and is completely up to date with all the latest tax changes, including those announced in the November 2022 Autumn Statement.From April 2023 there will be three corporation tax rates: 19% (profits £50,000 or less), 26.5% (profits between £50,000 and £250,000) and 25% (profits over £250,000). The higher rates will affect some companies from as early as May 2022.This guide shows you how to maximise your tax savings both before and after the increase. In one example a company saves £32,250 by selling an investment property before 1st April 2023.At present owning more than one company does not affect your tax. In the future owning more than one company (such as a property company) could result in a higher tax bill. Sometimes it will save you tax.The guide also provides full details of the generous 130% Super Deduction that allows companies to deduct up to 130% of their spending on things like new vans, machinery, furniture and computer equipment.We also take a look at the new rules for losses that will allow some smaller companies to bring in extra tax refunds of up to £76,000 and, finally, how the increase in national insurance and income tax on dividends affects company owners' salary/dividend decision.

Small company owners face a large number of tax changes over the next couple of years.This brand new guide explains these changes in plain English and shows you how to make the most of them with sensible tax planning.Tax Planning for Directors is essential reading for ALL company owners, including owners of property investment companies.The author, Carl Bayley FCA, was chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and is currently a member of the institute's governing council.The guide explains how these changes will affect your profit extraction (salaries, dividends etc) and steps you should take before the end of the current tax year to save money.It also explains what steps your company should take before the end of its own tax year to reduce its tax bill.The tax changes include: An increase in corporation taxA five year freeze to income tax allowances and thresholdsHigher national insurance rates (the new Health and Social Care Levy)An increase in dividend tax ratesA further extension to the £1 million annual investment allowanceA temporary 130% super deduction for investment spending

This tax guide is essential reading for all self-employed business owners (sole traders and partnerships).

26th edition - Almost 300 pages of tax planning guidance for landlords and property investorsHow to Save Property Tax is widely regarded as the tax bible for property investors. Written in plain English with numerous easy to follow examples and tax saving ideas, this book tells you absolutely everything you need to know about paying less income tax, capital gains tax and stamp duty land tax on your property investments.It's essential reading for: Property investors and landlordsSecond home ownersThose renovating or developing propertyAccountants, solicitors and professional advisersThe author, Carl Bayley FCA, was chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and is currently a member of the institute's governing council.The latest edition was published in August 2021 and is completely up to date.Subjects covered include: All the expenses you can claim against your rental incomeHow to claim a big home office tax deduction How to deduct the cost of seminars, courses and books (like this one!)Motoring expenses landlords can claimHow landlords to claim repairs spending that a layperson would regard as an improvementHow to deal with rent reductions, rent holidays and bad debtsHow to amend previous returns if you've forgotten to claim expensesA plain English guide to how capital gains tax (CGT) is calculatedTried and tested CGT planning techniquesHow transfers between spouses can save significant amounts of CGTHow to use main residence elections to reduce CGT on second homesHow to use your children to save thousands in CGTAll the stamp duty issues facing property investorsThe tax treatment of property developmentTax planning for owners of furnished holiday letsAll in all, this guide tells you pretty much everything you need about tax if you are a landlord or own any other type of property business.

17th edition with almost 300 pages of up-to-date inheritance tax planning ideas.Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax. It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now.The author, Carl Bayley, was chairman of the tax faculty at the Institute of Chartered Accountants (ICAEW) from 2015 to 2018 and is currently a member of the Institute's governing council.Topics covered in the guide include: Fully updated guidance following the additional five-year freeze in the £325,000 nil rate band announced in the March 2021 Budget.A plain-English guide to calculating inheritance tax and how the tax works.Tax planning timetable: Steps to take at key points in your life.More than a dozen tax planning techniques for protecting the family home.Absolutely everything you need to know about using trusts to save inheritance tax.How to use Business Property Relief to pass unlimited assets to your family.How to gift assets during your lifetime without causing financial hardship to you and your spouse.Planning options to consider when looking at whether to leave property to children on the first spouse's death.A new chapter on the incredible tax-saving potential of family investment companies.A new chapter on possible future changes to inheritance tax.A new chapter on advanced inheritance tax planning techniques.Lots of information throughout for landlords and property investors.Plus lots more... Dozens of clear real-life examples are used throughout to explain important points.

Publication date: December 2020 - Plain English guide with dozens of examples and tax planning tips. The latest edition contains lots of new informationThis unique guide tells you EVERYTHING you need to know about using a company to invest in property:The potential tax savings are significant. In one case study the author shows that using a company could result in a 62% increase in your after-tax income!Tax relief on mortgage interest is now restricted for individual landlords but this change does not apply to companies.Full details of the fabulous window of opportunity that means now could be the best time to transfer property into a company, with savings of up to £15,000 per property available.When a property business qualifies for incorporation relief, allowing properties to be transferred into a company free from capital gains tax.Full details of the incredible stamp duty land tax exemption for partnership properties transferred into a company.There are also a number of drawbacks and traps to avoid when using a company, so it's essential to arm yourself with all the relevant facts. This guide looks at the whole picture and explains all the tax consequences of using a property company.A new chapter examines potential tax changes, including the Office for Tax Simplification's November 2020 recommendations on CGT.A lot more information on profit extraction - taking money out of your company in the most tax efficient manner.The guide is also relevant to those involved in property development and shows how you can keep over 44% more development profit by using a company.The author, Carl Bayley FCA, was Chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018. He is currently a member of the Institute's governing council.

This plain-English guide tells you everything you need to know about small business bookkeeping, money management, tax returns and VAT.Part 1 covers bookkeeping and accounting - you'll discover how to grow your business and save hundreds of pounds in accountancy fees by taking control of your income and expenses.Part 2 shows you how simple it is to complete a business tax return, using real-life illustrations - after reading this section you'll have a solid understanding of how your business is taxed.Part 3 contains an indispensable guide to VAT - how to register, how to fill in your VAT return, and how to reduce the amount of tax you have to pay.The current edition also contains a 30-page section on how to improve cash flow in your business and boost your profits. The author reveals all the tricks you can use to keep the money rolling in, including billing tactics that ensure every invoice gets paid quickly... without upsetting your customers!Keeping it Simple is a must read for:Anyone wanting to make light work of managing the finances of a small business.Everyone with a new business or thinking about starting a business.Sole traders who want a clear jargon-free guide to completing their business tax return.Anyone wanting a comprehensive plain-English VAT guide.All businesses approaching the £85,000 VAT registration threshold or considering voluntary VAT registration.All businesses that want to improve their cashflow.

25th edition - Over 300 pages of tax planning advice for landlords and property investorsHow to Save Property Tax is widely regarded as the tax bible for property investors.Written in plain English with numerous easy to follow examples and tax saving ideas, this book tells you absolutely everything you need to know about paying less income tax, capital gains tax and stamp duty land tax on your property investments.It's essential reading for:Property investors and landlordsSecond home ownersThose renovating or developing propertyAccountants, solicitors and professional advisersThe author, Carl Bayley FCA, was chairman of the tax faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and is currently a member of the institute's governing council.The latest edition is completely up to date and contains the following new information:A brand new chapter on tax planning during the coronavirus crisis.Long-term planning that can be carried out at a much reduced tax cost in the current climate (in one example, a landlord saves over £100,000 by acting now). A new chapter examining potential future tax changes and how to plan for them.Why there is currently a window of opportunity to save up to £15,000 in stamp duty land tax on transfers of property to your spouse.How to save tax by bringing forward taxable profits if you expect to have a lower tax rate this year.Detailed guidance on claiming bad debt relief, especially for rent arrears.Fully updated guidance on the major changes to principal private residence relief and private letting relief and the planning opportunities that remain.A detailed look at the 50/50 default basis for splitting rental income received from a property held jointly by a married couple.Why the cash basis may be beneficial to use in the current climate.A new section on taxation of property businesses held by trusts.All in all this guide tells you pretty much everything you need about tax if you are a landlord or own any other type of property business.

Publication date: April 2020 - Plain English guide with dozens of examples and tax planning tips.Now in its 21st edition, Salary versus Dividends is essential reading for ALL company owners and directors.It tells you everything you need to know about paying yourself the most tax efficient mix of salary and dividends.This year's edition contains a special new section that will help company owners cope with the coronavirus crisis. You'll find out how to safeguard your company's cash position and reduce your tax bill in the months ahead.The guide also contains fully updated information on the best alternative profit extraction techniques: Director's loans - how they can be used to defer tax for an extra two years and sometimes to avoid tax altogether. Pension contributions - Why company pension contributions are better than dividends. Plus a new chapter on putting business property into a pension. Rental income - Why rent is now better than dividends in many cases. Interest income - How company owners can pay themselves up to £6,000 tax-free. Cars and motoring costs - a Plain English guide to the tax rules. Charity - Who should donate: you or the company? Capital Gains - How to pay 10% tax when you sell or wind up your company; How to pay 0% tax when you sell your company to an employee ownership trust.These alternative techniques have become a lot more attractive following the recent increase in dividend tax rates.There's also information on splitting income with your spouse and children and other tax saving strategies.

16th edition with almost 300 pages of up-to-date inheritance tax planning advice.Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax. It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now.The author, Carl Bayley, was chairman of the tax faculty at the Institute of Chartered Accountants (ICAEW) from 2015 to 2018 and is currently a member of the Institute's governing council.Topics covered in the guide include: The very latest changes announced in recent Budgets. A plain-English guide to calculating inheritance tax and how the tax works. Tax planning timetable: Steps to take at key points in your life. More than a dozen tax planning techniques for protecting the family home. Absolutely everything you need to know about using trusts to save inheritance tax. How to use Business Property Relief to pass unlimited assets to your family. How to gift assets during your lifetime without causing financial hardship to you and your spouse. How to pass assets to your children and yet still do this tax free under the spouse exemption. A brand new chapter on the incredible tax-saving potential of family investment companies. A new chapter on possible future changes to inheritance tax. A new chapter on advanced inheritance tax planning techniques. Lots of information throughout for landlords and property investors. Plus lots more… Dozens of clear real-life examples are used throughout to explain important points.

This tax guide is essential reading for all self-employed business owners (sole traders and partnerships).It contains 50 chapters of practical, tried and tested tax saving techniques that your business can implement year-in, year-out, illustrated with easy to follow examples. Even those with substantial tax knowledge will uncover many useful nuggets that will help them pay less income tax, national insurance, VAT, capital gains tax and inheritance tax.The 7th edition was published in September 2019. Subjects covered include: How to claim a big tax deduction when you work from home Tax-free salaries for spouses and children (including minor children) How to claim a bigger tax deduction for travel expenses (flights, hotels, meals) How to make your entertainment costs tax deductible Tax saving strategies for e-commerce businesses Capital allowances - how they're calculated and how to maximise your claim Seven chapters on motoring tax issues (cars, vans, fuel, VAT, leasing etc) How to maximise the tax relief on your borrowings Four chapters that will show you how to claim bigger property tax deductions Tax-free benefits that can be paid to your employees Year-end tax saving strategies The pros and cons of changing your accounting date How to pay less VAT Capital gains tax - How to qualify for Entrepreneurs Relief (10% tax) Inheritance tax - Everything you need to know about Business Property Relief The benefits and drawbacks of using the cash basis

Publication date: August 2019 - Plain English guide with dozens of examples and tax planning tips.This unique guide tells you EVERYTHING you need to know about using a company to invest in property: The potential tax savings are significant. In one case study the author shows that using a company could result in a 66% increase in your after-tax income! Tax relief on mortgage interest is now being restricted for individual landlords but this change does not apply to companies. A recent landmark tax case means that it may be possible to transfer an existing property business into a company and make enormous tax savings. The new edition contains lots of new information, including updated guidance on when properties can be transferred to a company free from capital gains tax and sold in the future with little or no tax to pay. The new edition also contains full details of the incredible stamp duty land tax exemption for partnership properties transferred into a company, including how to obtain this exemption if you're not yet in a partnership. There are also a number of drawbacks and traps to avoid when using a company, so it's essential to arm yourself with all the relevant facts. This guide looks at the whole picture and explains all the tax consequences of using a property company. The guide is also relevant to those involved in property development and shows how you can keep over 50% more development profit by using a company. The author, Carl Bayley FCA, was Chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018. He is currently a member of the Institute's governing Council.

Publication date: August 2019 Using a company could save you over £10,000 in tax every year... possibly much more. Why? Because a company paying tax at 19% (17% from April 2020) will have a lot more money left over to reinvest and grow than a sole trader or partnership paying tax at 42% or 47%. However, company owners also have to pay income tax when they extract money from their companies (typically as dividends) and the bad news here is that dividend tax rates were increased significantly a few years ago. This means companies no longer deliver guaranteed tax savings and the decision to incorporate has become a lot more complex. This plain English tax guide tells you everything you need to know about the tax benefits of running your business through a company and contains numerous examples and tax-planning tips.It also contains many useful tables which show the exact tax savings enjoyed by company owners at every profit level. These tables take account of ALL taxes: income tax, corporation tax, national insurance etc.Subjects covered include: All relevant changes announced in the most recent Budget. A plain English guide to how companies are taxed. The benefits and drawbacks of using a company - tax and non-tax. The exact tax savings YOU could enjoy by using a company. When using a company will result in a higher tax bill. How your spouse/partner can help you save more tax. The advantages and disadvantages of using more than one company. Why company owners who reinvest profits can save literally tens of thousands of pounds in tax. How to pay just 10% capital gains tax when you sell or wind up your company... plus new anti-avoidance rules. How to put an existing business into a company.The guide also examines a variety of other important tax issues facing company owners, including: Pension contributions Motoring expenses Tax treatment of losses Selling or winding up the business Business property Borrowing money

Publication date: October 2017This unique tax guide tells you everything you need to know about living in the Isle of Man to escape the UK's high taxes.Some of the most hated taxes in Britain do not even exist on the Isle of Man, including: Capital gains tax Inheritance tax Stamp duty land taxThere is income tax but the top tax rate is just 20% and a big chunk of your income will be tax free or taxed at just 10%.Corporation tax is 0%, so the Isle of Man is also an extremely attractive place to run a business.However, there are tax traps awaiting the unwary, so it's essential to arm yourself with all the facts.Unlike many tax havens, which make it difficult for anyone except the ultra rich to obtain residence, the Isle of Man welcomes entrepreneurs with open arms and you may even qualify for a business grant from the Manx Government.