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Written by one of the country's leading tax writers, this edition of the highly successful UnderstandTax for Small Businesses is aimed at small businesses and fills a conspicuous gap in the market. Following the business lifecycle, it provides highly relevant information and advice on the real events that business people experience, whether self-employed or running a company.Throughout this book the reader gains a basic understanding of tax principles, the operation of the tax system and knows when to ask for help, rather than being told how to fill in forms or 'save' tax. It empowers the reader to transact with an accountant or the tax authorities on a more equal footing.An appendix provides a matrix for readers to complete with details of the new tax rates following each Finance Act, together with details of where this information can be sourced. It also provides links to other available information - building on free information available online, particularly from HM Revenue and Customs, there will be frequent Internet links to help the reader navigate the wealth of tax information available.New material covered in this edition includes:- Changes in the corporation tax rates.- Significant reforms to the capital gains tax regime including the abolition of taper relief and indexation allowance.- The new entrepreneurs' relief - of great significance to small businesses people.- The new style, simplified income tax return; new filing dates for returns; fines.NOT GOT MUCH TIME?One, five and ten-minute introductions to key principles to get you started.AUTHOR INSIGHTSLots of instant help with common problems and quick tips for success, based on the author's many years of experience.TEST YOURSELFTests in the book and online to keep track of your progress.EXTEND YOUR KNOWLEDGEExtra online articles at www.teachyourself.com to give you a richer understanding of small business tax.THINGS TO REMEMBERQuick refreshers to help you remember the key facts.TRY THISInnovative exercises illustrate what you've learnt and how to use it.