Course Details

Pure, tax-driven incorporation was dead. Then, thanks to Kwasi Kwarteng, for a brief period it staged a comeback. Then Jeremy Hunt killed it again. Or did he? With all the twists and turns we have seen in recent months, it’s worth stopping to take a look at what the position is now. Plus there are many other good reasons, both tax and non-tax, for clients to form a company; and other tax-saving opportunities if they do.

 

In this session, Carl Bayley will cover:

  • Comparison of the overall tax burden for small company owners versus sole traders or partnerships
  • Other pros and cons of operating a business through a company: both tax and non-tax
  • The growing divergence between the corporate and income tax regimes and the ever-lengthening list of tax reliefs now only available to companies
  • Profit extraction strategies to mitigate the tax burden on company owners
  • How does the position differ in Scotland and the other devolved nations?
  • Both trading companies and property investment companies will be covered

 

By attending this session, delegates will be fully armed to answer that frequently posed question, ‘Should I form a company?’ and to advise clients on how to make the best of the corporate tax regime if they do.

 

The session will be of benefit to general practitioners, tax advisers, and owners of small or medium-sized businesses, whether already incorporated or not.

CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of plain English tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex, inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the ICAEW. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show. Carl is a past Chairman of the Tax Faculty of the ICAEW and former member of the Institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer. His first novel, Trinity of Souls, was published in 2024, with his second, Destiny of Souls, following in March 2025. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely. Carl lives in the Scottish Borders, where he enjoys spending time with his partner, Linda.