The Tolley+™ Guidance Owner-Managed Businesses Module - expert practical tax guidance, examples and template documents that demonstrate how to apply legislation in real-world client situations.
The Tolley+ Guidance Owner-Managed Businesses module tackles the complex interplay of an individual’s tax affairs with that of their business. The module focuses on the tax implications at every stage of a business life-cycle, from incorporation to exit.
The Owner-Managed Businesses module complements the Personal Tax and Corporate Tax modules and provides practical guidance and tips on compliance related issues including tax return completion and planning issues around managing taxable profits.
The advisory section concentrates on the typical transactions that advisers come across, including extracting value from the business and incentivising key staff.
The Owner-Managed Businesses module will guide you through dealing with HMRC investigations and how to handle the associated array of campaigns, task forces and initiatives.
Each topic has detailed guidance and extensive links to the statute, case law, HMRC manuals and other source materials. Save time with worked examples, templates, pro-formas and stay up-to-date with the latest developments through the tailored news and analysis feed.
Topics We Cover
Administration Advising owner managed companies Advising partnerships Advising sole traders Advising special businesses Calculating trading profit and loss Enquiries, penalties and appeals Exiting the business and succession planning Expanding the business Extracting profits from a company Running a property business Selling the business Share schemes and OMB companies Starting in business and incorporation Topical issuesOur Owner Managed Businesses Experts
Tax Areas
Address the tax issues that affect larger companies and multinational groups – from corporation tax compliance matters, to more complex tax advisory issues such as sales, acquisitions and flotations; company reorganisations and demergers; and international aspects including transfer pricing.
Understand and answer the tax, national insurance and employment law questions that relate to employees and payroll operation. Employers, payroll operators, advisers and HR professionals can find practical and wide-ranging help in an easy-to-navigate online service.
This section tackles the myriad of tax issues faced by entrepreneurs and their businesses. It provides in-depth practical material to help you deal with compliance effectively and efficiently, whilst identifying areas of potential risk and ensuring all available relief are claimed.
Essential guidance on whether you are completing or reviewing tax returns, or dealing with tax planning work. Tax compliance topics are structured around the pages of the tax return, helping you find exactly what you need. You will also find a wealth of information to help you structure your clients’ affairs efficiently.
This section provides comprehensive advice on private client matters. For practitioners unfamiliar with this specialist area, it explains complex concepts in plain language. For the specialist private client practitioner, it goes beyond the summary of legislation found in other tax publications, and provides practical guidance on the effect of the law.
This section provides you with practical assistance to understand the VAT issues for domestic and international business transactions. It offers businesses and tax practitioners' practical tools and up-to-date information on all aspects of VAT and Customs Duty
Latest Owner-Managed Businesses News
HMRC published two new guidance documents on 17 July 2026: Find out about the loan charge settlement scheme and The loan charge...
20 July 2026 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors....
HMRC has published Issue 145 of the Agent Update, which details technical updates and changes relevant to UK tax practice....
HMRC has updated its guidance on working out qualifying income for Making Tax Digital for Income Tax and its Use Making Tax Digital for Income Tax...
13 July 2026 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors....
Popular Articles
Exemption ― burial and cremation
Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements
Corporate interest restriction ― administrative aspects
Corporate interest restriction ― administrative aspectsThe corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns. This guidance note does not include commentary on provisions that are
Payments on account (POA)
Payments on account (POA)This guidance note provides and overview of the payments on account regime (POA). More in depth commentary can be found in De Voil Indirect Tax Service V5.110.What are payments on account?VAT registered businesses with an annual VAT liability of more than £2.3m are required
