Incorporating and Disincorporating a Business provides clear, detailed and practical guidance on the tax issues, planning points and pitfalls which may be encountered when incorporating a sole trade or partnership business, or when transferring a company's business to a sole trader or partnership. This book guides readers through the advantages and disadvantages of incorporation and disincorporation, and also addresses related company law, commercial and other practical issues. The book is intended as a single point of reference for tax practitioners and business proprietors who need a practical guide to tackling the complexities of incorporating and disincorporating a business. It includes checklists and worked examples throughout, as well as 'Signposts' at the start of each chapter and 'Focus' points to highlight important considerations. Standard claims, elections and proformas are also included. This title includes full coverage of disincorporation issues following the introduction of Disincorporation relief in Finance Act 2013.
Detailed coverage of all taxation issues that may apply to small businesses, including NIC, CGT, IHT, VAT and capital allowances as well as coverage of legal, accounting and compliance issues to be aware of are also included. Written by practitioners who advise clients on incorporation and post-incorporation issues, this book aims to answer commonly-asked questions and includes new chapters on hot topics such as incorporation of an LLP's business and incorporation of property portfolios. Practical approach, highlighting specific planning issues, pitfalls for the unwary, worked examples, case studies and standard claims, elections and pro-formas.
Mark McLaughlin is a consultant with his own practice, Mark McLaughlin Associates Ltd, a tax support services for small practices, and is Managing Editor of TaxationWeb, a leading tax website (www.taxationweb.co.uk). As well as co-authoring the 1st edition of Incorporating and Disincorporating a Business, Mark is General Editor of the Core Tax Annuals and Tax Planning and is co-author of Ray and McLaughlin's Practical Inheritance Tax Planning. Jackie Anderson is a Chartered Accountant and Chartered Tax Adviser and her practice, LHA Consulting Limited, provides tax compliance and advisory services to a range of clients. She is co-author of the 1st edition of Incorporating and Disincorporating a Business.
Chapter 1 Why incorporate? Chapter 2 Income tax and cessations Chapter 3 National Insurance contributions Chapter 4 Capital allowances Chapter 5 Capital gains tax Chapter 6 Stamp taxes Chapter 7 Inheritance tax Chapter 8 Value added tax Chapter 9 Goodwill Chapter 10 Legal issues Chapter 11 Accounting and other considerations Chapter 12 Assets held outside the company Chapter 13 Corporate profit extraction Chapter 14 Close companies Chapter 15 Anti-avoidance Chapter 16 Employment status Chapter 17 Investment business Chapter 18 Incorporation of a limited liability partnership into a limited company Chapter 19 Why disincorporate? Chapter 20 Disincorporation - tax issues for the company Chapter 21 Disincorporation - tax issues for individual shareholders Chapter 22 Disincorporation relief Chapter 23 Winding up the company
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- ID: 9781780439044
2nd Revised edition
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