PUBLICATION DATE: OCTOBER 2025
PAGES: 299
EDITION: 13th
ISBN: 9781911020981
READ CONTENTS & FIRST SECTION

Small Business Tax Saving Tactics

Tax Planning for Sole Traders & Partnerships

by Carl Bayley & Nick Braun

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

It is also essential reading for all accountants and bookkeepers.

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

Many of the tax saving ideas contained in the guide are not widely known. Even those with substantial knowledge will uncover lots of valuable tax saving gems that will help them pay less:

Income Tax
National Insurance
VAT
Capital Gains Tax
Inheritance Tax

New! Cash Basis versus Accruals Basis

This new edition covers all aspects of tax planning for small businesses under both the cash basis and the accruals basis, with detailed guidance on the many differences between them and how to choose what's best for your business.

The many pros and cons of the cash basis are covered, as well as detailed guidance on joining or leaving this recently improved accounting basis and how to obtain significant additional tax savings when and if you do decide to make a change.

Other tax planning opportunities under the cash basis are also covered: sometimes it’s incredibly easy to save thousands of pounds under this accounting basis.

What Information is Contained in the Guide?

Subjects covered include:

All recent tax changes... plus changes coming in the near future.
New this year: how to obtain additional cashflow savings (on top of tax savings) when doing tax planning.
New this year: which training costs are tax deductible?
New this year: how to claim back extra VAT when you register - it's surprising how much you can claim!
How to claim a bigger home office tax deduction.
Paying tax-free salaries to your spouse/partner and children.
How to claim a tax deduction for your travel expenses, including flights, hotels, meals, alcohol, etc
How to make some entertainment costs tax deductible.
Tax saving strategies for e-commerce businesses.
7 chapters on motoring tax issues, fully revised to reflect changes in the car market:

The tax benefits of electric cars, vans and motorbikes.
How not claiming capital allowances on vans, electric cars and other assets can save you thousands in tax.
All expenses on which VAT can be reclaimed: accessories, repairs, parking, number plates etc.
Guidance on claiming tax relief for parking costs and fines.
How to immediately recover over half the cost of a motor vehicle in tax relief.
Fully updated chapter on the tax benefits of leasing versus buying cars, including electric cars.

The latest news on Making Tax Digital.
How to maximise the tax relief on your borrowings.
Tax-free benefits that can be paid to your employees.
Three chapters dealing with property tax planning.
A comprehensive list of year-end tax planning strategies: when they should be used and how much you can save.
Claiming tax relief for bad debts and losses.
Maximising tax relief for cost of sales.
VAT saving strategies.
How to pay less capital gains tax thanks to Business Asset Disposal Relief.
Inheritance tax – Everything you need to know about Business Property Relief.
Additional tax saving opportunities for businesses with different accounting dates.

Click here to read the full contents listing and first section of the book

About the Authors

Carl Bayley BSc FCA began his career as a chartered accountant over 40 years ago and is now one of the country’s most respected tax experts. He was Chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and served as a member of the institute's governing council between 2003 and 2023.

Nick Braun PhD is Taxcafe's Managing Director and has been involved in the tax publishing world since 1989 as a writer, editor and publisher.

Free Bonus Tax Guide - How to Save Tax 2025/26

When you order this guide you will also receive a FREE copy of How to Save Tax.

This comprehensive tax guide contains around 130 pages of tax saving tips. The latest edition includes all major tax announcements made in the October 2024 Budget and the March 2025 Spring Statement.

Please click here for more information on this excellent bonus e-book.

What Will I Receive?

Printed Book Orders - 299 page professionally printed book plus FREE PDF copy (immediate download)
eBook Orders - 299 page PDF book (immediate download)
All Orders - A FREE copy of our bonus guide How to Save Tax (immediate download)
100% Money Back Guarantee - Full refund if you are not entirely happy with your purchase
Tax Saving - This book is a valid business expense - a 42% cost saving for higher-rate taxpayers.
Cheap Postage - P&P only £2.99 no matter how many books you order. UK postage only.