Small Business Tax Saving Tactics 2025/26: Tax Planning for Sole Traders & Partnerships - Paperback

by Carl Bayley (Author), Nick Braun (Author)

This tax guide is essential reading for all self-employed business owners (sole traders and partnerships).

It contains over 50 chapters of practical, tried and tested tax saving ideas that your business can implement year-in, year-out, illustrated with easy to follow examples.

Even those with substantial tax knowledge will uncover many useful nuggets that will help them pay less income tax, national insurance, VAT, capital gains tax and inheritance tax.

The new edition now covers all aspects of tax planning for small businesses under both the cash basis and the accruals basis, with guidance on how to make the choice.

Note, the cost of this book is a valid tax deductible business expense which means the taxman pays 42% of the cost if you're a higher-rate taxpayer.

Subjects covered include:

• How to claim a bigger tax deduction when you work from home
• Paying tax-free salaries to your spouse and children
• How to claim a bigger tax deduction for travel expenses (flights, hotels, meals)
• How to make some entertainment costs tax deductible
• Claiming tax relief for bad debts and losses
• Whether training costs are tax deductible
• Tax saving strategies for e-commerce businesses
• Capital allowances - how they're calculated and how to maximise your claim
• Seven chapters on motoring tax issues (cars, vans, fuel, VAT, leasing etc)
• How to maximise the tax relief on your borrowings
• Three chapters dealing with business property tax planning
• Tax-free benefits that can be paid to your employees
• Two chapters on year-end tax saving strategies
• Making Tax Digital (MTD)
• How to pay less VAT
• How to qualify for Business Asset Disposal Relief (reduced capital gains tax)
• Inheritance tax - Everything you need to know about Business Property Relief
• The benefits and drawbacks of using the cash basis