Owner-Managed Businesses Guidance

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Small companies

Brought to you from the tax exam market leaders, Tolley brings you the guidance you need on small companies tax in order that you can provide the latest thinking.
Latest Guidance
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28 Jun 2019

Tax reliefs under the enterprise investment scheme (EIS) can be summarised as follows:•income tax relief for the investor of up to 30% of the amount invested•disposals of...

OMB_tax_img7
28 Jun 2019

Normal due dateMost companies are required to pay all of their corporation tax nine months and one day after the end of the chargeable accounting period. For example,...

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28 Jun 2019

There is a long list of benefits which are completely exempt from tax. This note highlights some of the more familiar tax exempt benefits. Additional information is...

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28 Jun 2019

IntroductionThe enterprise investment scheme (EIS) is the name of a scheme which encourages individuals to invest money in shares issued by qualifying unquoted companies...

OMB_tax_img9
28 Jun 2019

Terminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be...

OMB_tax_img2
28 Jun 2019

IntroductionFRS 102  requires a note to the financial statements that reconciles:•the total tax expense (income) included in profit or loss to•the profit or loss on...

OMB_tax_img3
28 Jun 2019

The EIS offers substantial tax incentives to investors in companies, which qualify.In summary, tax reliefs under EIS are as follows:•income tax relief of up to 30% on the...

OMB_tax_img
28 Jun 2019

Claims which are made on the tax return include losses, group relief and capital allowances (this is covered in more detail below). The claims themselves must be made on...

OMB_tax_img7
28 Jun 2019

As the tax treatment of the loan relationship differs slightly depending on whether the loan relationship is for trading or non-trading purposes, it is necessary to...

OMB_tax_img
28 Jun 2019

Until 5 April 2006, there were three different pension regimes:•company / occupational schemes•personal pension schemes, and•retirement annuity schemesThese schemes had...

Latest Guidance
OMB_tax_img7
Owner Managed Business

Tax reliefs under the enterprise investment scheme (EIS) can be summarised as follows:•income tax relief for the investor of up to 30% of the amount invested•disposals of...

OMB_tax_img7
Owner Managed Business

Normal due dateMost companies are required to pay all of their corporation tax nine months and one day after the end of the chargeable accounting period. For example,...

OMB_tax_img8
Owner Managed Business

There is a long list of benefits which are completely exempt from tax. This note highlights some of the more familiar tax exempt benefits. Additional information is...

OMB_tax_img3
Owner Managed Business

IntroductionThe enterprise investment scheme (EIS) is the name of a scheme which encourages individuals to invest money in shares issued by qualifying unquoted companies...

OMB_tax_img9
Owner Managed Business

Terminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be...

OMB_tax_img2
Owner Managed Business

IntroductionFRS 102  requires a note to the financial statements that reconciles:•the total tax expense (income) included in profit or loss to•the profit or loss on...

OMB_tax_img3
Owner Managed Business

The EIS offers substantial tax incentives to investors in companies, which qualify.In summary, tax reliefs under EIS are as follows:•income tax relief of up to 30% on the...

OMB_tax_img
Owner Managed Business

Claims which are made on the tax return include losses, group relief and capital allowances (this is covered in more detail below). The claims themselves must be made on...

OMB_tax_img7
Owner Managed Business

As the tax treatment of the loan relationship differs slightly depending on whether the loan relationship is for trading or non-trading purposes, it is necessary to...

OMB_tax_img
Owner Managed Business

Until 5 April 2006, there were three different pension regimes:•company / occupational schemes•personal pension schemes, and•retirement annuity schemesThese schemes had...