General principles ― sole traders and partnerships

General principles ― sole traders and partnerships

The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

  • General principles ― sole traders and partnerships
  • Statutory rules for tax adjustments to profits
  • Capital expenditure
  • Wholly and exclusively
  • Statutory adjustments to specific income / expenditure
  • Transfer pricing
  • Trading income provided through third parties
  • Profit fragmentation
  • Approach to calculating taxable profits
  • Small businesses
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