Small Business Tax Saving Tactics 2025/26: Tax Planning for Sole Traders & Partnerships
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 homePaying tax-free salaries to your spouse and childrenHow to claim a bigger tax deduction for travel expenses (flights, hotels, meals) How to make some entertainment costs tax deductibleClaiming tax relief for bad debts and lossesWhether training costs are tax deductibleTax saving strategies for e-commerce businessesCapital allowances - how they're calculated and how to maximise your claimSeven chapters on motoring tax issues (cars, vans, fuel, VAT, leasing etc)How to maximise the tax relief on your borrowingsThree chapters dealing with business property tax planningTax-free benefits that can be paid to your employeesTwo chapters on year-end tax saving strategiesMaking Tax Digital (MTD)How to pay less VATHow to qualify for Business Asset Disposal Relief (reduced capital gains tax)Inheritance tax - Everything you need to know about Business Property ReliefThe benefits and drawbacks of using the cash basis
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