This course will cover the practical tax planning points to consider for a small businesses and companies, through tax planning for Schedule D clients to incorporation planning and planning for passing on or selling the business. It will consider direct tax planning issues connected with income, corporation tax and capital gains tax, and deal in detail with profit extraction planning, including pension contributions and interaction with tax credits.

All partners, managers and staff who wish to refresh their knowledge on a variety of tax planning advice and strategies.

• Planning with AIA for smaller businesses
• Incorporating - is it still worthwhile? Techniques and pitfalls. Ensuring that favourable rates of corporation tax are obtained (including IR35 and associated company issues)
• Tax efficient removal of funds. Practical problems with small companies, including pension contributions, salary v dividend and other possible tax efficient benefits in kind. Tax relief for business motoring costs.
• Involving family members in the business
• Planning for the disposal or pass down of the family business