6 of 7 people found the following review helpful
An easy to digest tax guide,
This review is from: Small Business Tax Planning: All You Need to Know from Start-Up to Retirement (Harriman Business Essentials) (Paperback)
I know most people switch off at the mention of the word tax, but I specifically requested this book to review as I am trying to manage my business accounts myself, saving the cost of an accountant. I think the HMRC are probably sick of me calling asking questions every time I do a tax return so I asked to review this book in the hope that it would help.
The first chapter considers business forms & tax implications, the second chapter covers tax incentives when starting a business, ideal if you are on the verge of starting up. The other chapters include the tax stages of a business, business tax bills, extracting money from the business and sale of the business amongst others. The chapter breakdown and index make it easy to go straight to the relevant section if you have a specific question you want answered. Obviously some of the subject matter does get rather complex but there are useful little boxes giving examples and breaking down calculations for you. Also make sure you read the Appendices, there is a lot of useful information from elsewhere in the book summarised there.
Within minutes I had managed to answer several of my tax questions, proving this to be a useful reference guide. I also found answers to many of the things I had called HMRC to ask in the past so if I had owned this book before launching my business it probably would have saved me many phone calls. All in all this book is a useful guide for business owners.
This review originally appeared on The Sewing Directory.