Rayney''s Tax Planning for Family and Owner-Managed Companies 2020/21

Rayney's Tax Planning for Family and Owner-Managed Companies 2020/21 is an invaluable source of money-saving guidance for anyone who advises or runs a family or owner-managed company. Widely recognised as the leading book on the subject, it examines an extensive variety of tax planning matters from the viewpoint of the company, its working and non-working shareholders, and its employees.

The 2020/21 edition has been updated to include the following:

- Coverage of all key Covid-19 Government business support measures
- Detailed review of both versions of the Job Retention Scheme
- FA 2020 changes to the Business Asset Disposal Relief (previously known as Entrepreneurs' Relief) regime
- Extension of off-payroll working to the private sector from 6 April 2021
- Increase in tapered annual allowance for pension contributions
- Impact of Covid-19 on company share valuations
- Covid-19 reliefs for employee benefits

List of contents

1 The Family and Owner-Managed Company, Tax Planning Concepts, and Tax Avoidance
2 Extracting Funds from the Company
3 Shareholding and Corporate Structures
4 Trading Company and Investment Company Computations under CTSA
5 Remuneration Strategies
6 Personal Service Companies and Off-Payroll Working
7 Benefits and Expenses
8 Providing shares to employees
9 Distribution of profits and dividend planning
10 Pension Scheme Strategies
11 Share Issues and Financing the Company’s Activities
12 Expanding the Company’s Activities and Structuring Business Acquisitions
13 Share Transfers, Share Buy-Backs and Company Reorganisations/Demergers
14 Valuing a Family or Owner-Managed Company
15 Selling the Owner-Managed Business or Company
16 Winding-Up, Administration of Companies and Disincorporation
17 Succession Planning and Passing on the Family or Owner-Managed Company

About the author

Peter Rayney practises as an independent tax consultant. He was previously a tax partner with BDO for over 20 years and during the last four years he was BDO’s National Tax Technical Partner. He specialises in Corporate Tax/OMB Tax and Corporate Finance Tax. Peter is Chairman of the ICAEW Tax Faculty’s Tax Committee and Deputy President of the Chartered Institute of Taxation. He has won the ‘Tax Writer of the Year’ award an unprecedented three times at the Taxation Awards.

Summary

There are few areas of taxation that do not impact on family or owner-managed companies and their shareholders. Consequently, this book covers a wide range of tax planning matters.

The book summarises the key planning points from the separate viewpoints of the company itself, the shareholders who work for the company (usually as directors), the non-working shareholders and in some instances the employees. Planning checklists are included at the end of all relevant chapters. Numerous worked examples are provided to illustrate the practical tax and commercial implications for a host of typical situations.

Key areas covered include the following
- the various methods of extracting funds from the company;
- remuneration strategies, treatment of employee benefit trusts and the impact of the ‘disguised remuneration’ legislation;
- the treatment of benefits and expenses, including the company car regime;
- treatment of personal service companies under the IR35 and ‘off-payroll-working’ regimes;
- a detailed review of the pension regime as it affects owner-managers;
- the main employee share schemes and arrangements

The new edition is updated in line with the relevant 2020 legislative changes including Finance Act 2020 as well as new practical points, emerging case law and developments in HMRC practice.

Foreword

An invaluable source of money-saving guidance for anyone who advises or runs a family or owner-managed company, written by one of the leading experts in the country.

Additional text

This book is comprehensive, enlightening and readable – a tour de force.

Product details

• Authors: Peter Rayney
• Publisher: Bloomsbury
• Languages: English
• Product format: Paperback / Softback
• Released: 30.09.2020
• EAN: 9781526514745
• ISBN: 978-1-5265-1474-5
• No. of pages: 1376
• Subjects: Guides > Law, job, finance > Taxes; Social sciences, law, business > Law > Taxes