The ATT is pleased to launch a new briefing note covering the key tax obligations for small business owners. It also provides a handy refresher for those who have been trading for some time.
The guide starts by looking at the possible structures for a new business (sole trader, partnership and limited company), before going on to look at tax issues such as:
- taking money out of the business;
- registering for tax;
- choice of year end;
- filing dates;
and provides links to further guidance where appropriate.