The Budget was as expected, a bit dull.
Note that the Close Companies: Transactions in Securities proposals have been brought forward to 24 March.
Struggling to keep up to date in tax? Try our 2010/11 and 2011/12 Tax Planner.
Many new guides and checklists have been added to the site this week too.
Kind regards
Nichola
Nichola Ross Martin FCA
Tax Director
www.rossmartin.co.uk
Your online Virtual Tax Partner: practical support for accountants, tax advisers and their clients
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Budget 2010 highlights
High on politics but also stuffed full of anti-avoidance measures.
Close Companies: Transactions in Securities
Budget 2010: the Transactions in Securities (TiS) rules are being expanded with the aim of targeting Close Companies (including overseas companies).
Tax planner for 2010/11 and 2011/12
Can't keep up with all the changes? Add this handy planning guide to your Favourites.
Time limits for assessment and claims
From 1 April 2010 the time limits for assessments and claims change. This may have a major affect on tax repayment claims.
Tax Data
Tax rates and allowances
Updates, new tax guides and checklists
For PAID subscribers only (because you're worth it :)
We have updated the incorporation guides and checklists and added a new guide to cessation.
Cessation (followed by incorporation)How to draw up accounts and make the right elections and tax computations to close down an existing business.
Incorporation checklist
How to evaluate exactly what you want to transfer into the new company.
Incorporating an existing business
How to incorporate, examples, comparisons of relevant CGT, tax reliefs, SDLT and elections.
Estate planning checklist
Need a refresher? This checklist covers spouses, gifts and exemptions.
Inheritance Tax Rates and Allowances
A new addition to the Tax Data section.
Surplus cash CGT & IHT relief and ESC C16
Company has large cash surplus: how does this affect Entrepreneurs' Relief, Business Property Relief, and what if you try and dissolve the company? Updated: for Budget...More
How to value a business
A guide for clients. It explains how to start measuring up, and provides an overview of the most practical methods for valuing a small private company. Updated: more examples and notes on EBITDA...More
CGT: Entrepreneurs' Relief
Updated for Budget: guide with 2010/11 examples, links to guide on incorporation and ESC C16...More
Tax planning for the 2009/10 year end
Close savings accounts now? Last minute tips and know how.
New and updated Practical Tax Toolkits
What expenses can I claim?
Summaries for the self-employed
Employee expenses
Summaries for employees
Tax-efficient extraction of profits
An interactive checklist
Company year-end planning
An inclusive checklist for the company and its owners ahead of the year-end.
Tax penalties: grounds for appeal
A handy little resource for you to bookmark.
Unlawful, illegal and ultra vires dividends
A worked CASE STUDY illustrates the different treatment for different types of connected persons.
Recent FREE view guides & updates
Wrongful Dismissals
This claim can be made in a wide range of circumstances.
How to avoid paying tax at 50%
Updated links and guidance.
KEY reading this quarter (subscribers only)
Employers' Quarterly Tax Briefing
Top tips, tools, links and planning ideas for 2010/11 and beyond...More
Quarterly Tax Refresher (for advisers only)
This essential tax tool is an excellent source of online CPD. Download this onto your mobile, train staff, and of course brief your clients...More
Job vacancies
Jobs in tax: Tax Consultants, Writers & Editors
We are recruiting tax consultants and writers to come and work with us in our world of Virtual Tax...More
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