Nichola's SME Tax Update 17 May 2010

The Chancellor has set 22 June as the date of his emergency Budget. We are tracking the changes in our Advisers' Finance Bill planner (see below). There are several exciting new guides and updates this week. Remember every guide counts as direct reseach and qualifies you for CPD points. We are focusing on our director and adviser guides in current weeks. Enjoy All the best 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
NEWS & FREE GUIDES Emergency Budget set for 22 June 2010 The Chancellor, George Osborne has announced that his Emergency Budget will be held on 22 June 2010...More Review of HMRC new powers The CIOT has reviewed the first year of HMRC new powers regime. The results may not be what you expected...More Free guides, catch them quick... What expenses can I claim: converting part of a home into an office? More to this than my meet the eye: CGT, SDLT, Capital allowances and VAT...More Tax Data Add to your favourites, a growing library of tax data, rates and allowances Updates, New tax guides and checklists For PAID subscribers only (because you're worth it :) Converting part of a home into an office NEW for Directors: do you pay or does the company foot the bill? We examine the tax consequences. Converting part of a home into an office NEW for the Self-Employed: the tax position is interesting from CGT to SDLT to VAT. Advisers' Finance Bill planner UPDATED: feeling bewildered by recent tax changes? Our UNIQUE rolling tax planner provides you with a concise summary of Budget announcements, the Finance Bill informing you what tax measures apply and when. R & D relief NEW: for companies, how to obtain tax relief at 175% Tax penalties: what is reasonable care? CLIENT GUIDE: topical reading (see news item above). Tax penalties: advisers' update UPDATED: this is essential reading, and now provides a summary of the new regime, with a quick guide to each penalty and links. Tax Penalty Planner UPDATED: our favourite new guide: new tabs extend to cover income tax, NICs, CGT, IHT, PAYE, CIS and Shares. How to value a business UPDATED to include further examples and comparisons. Ideal discussion points if your client is buying or selling, links to Goodwill notes. Goodwill: trade related properties UPDATED links and discussion points. Goodwill and the intangibles regime NEW guide, what is deductible for tax. Pre and post March 2002 rules, tips for incorporation. Tax penalties: grounds for appeal UPDATED for more successful and unsuccessful appeals. Incorporation checklist Updated links to other guides.
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 Practical Tax Toolkits For companies, these are continuing to be updated 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 More FREE news, guides, notes and checklists You have to pay to subscribe to unlock the full content in www.rossmartin.co.uk. Here is some of our free material: Recommendations: what do our subscribers say about us? Free guides You have two options: 1. Explore the site (then click on the menus and you will soon see what is free) 2. See a small sample. Missed an edition? See Nichola's SME Tax News Archive. Subscribe to the Practical Tax Database to UNLOCK your internet Virtual Tax partner: What do you get? Open access to the entire Practical Tax Database which contains over 350 tax and legal guides packed full of essential know-how for advisers. Our regular Email update when there are new guides and tax issues that we think you MUST read. Up to 50% off the Virtual Tax Partner helpline. Nichola’s monthly SME tax news summary (we do the reading and cherry pick the best of the press, magazines and websites for you). NEW our Quarterly Tax Refresher (for advisers ONLY) + our Quarterly Employer Briefing. A 25% discount to our NEW tax webinar-update service). You can also commission guides and checklists for your own practice, post comments and upload your own articles. You can access the Virtual Tax Partner service for FREE quick calls, or just a chat.

Nichola's SME Tax Update 17 May 2010

NEWS & FREE GUIDES

Updates, New tax guides and checklists