Has Business Incorporation Suddenly Staged a Comeback (Dec 2022)
Category: Tax | Duration: 2hr | Tag: VODUKWITX2221 | Type: Video | Speaker: Carl Bayley | Date: 07/12/2022 09:00
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 covers:
- 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
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 layman and the non-specialist. His particular specialty is his ability to take the weird, complex, and 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 Institute of Chartered Accountants. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ program and BBC Radio 2’s Jeremy Vine Show.
Carl began his career as a Chartered Accountant in 1983 with one of the ‘Big 4’ accountancy firms. After qualifying as a double prize-winner, he immediately began specialising in taxation. He worked for several major international firms until beginning the new millennium by launching his own practice, through which he provided advice on a wide variety of taxation issues; especially property taxation, inheritance tax, and tax planning for small and medium-sized businesses, for twenty years, before deciding to focus on his favourite role as author and presenter.
Carl is a former Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales and a member of the Institute’s governing Council. He is also a former President of ICAEW Scotland and a member of the ICAEW Board. He has co-organised the annual Practical Tax Conference since its inception in 2002.
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 Institute of Chartered Accountants. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ program and BBC Radio 2’s Jeremy Vine Show.
Carl began his career as a Chartered Accountant in 1983 with one of the ‘Big 4’ accountancy firms. After qualifying as a double prize-winner, he immediately began specialising in taxation. He worked for several major international firms until beginning the new millennium by launching his own practice, through which he provided advice on a wide variety of taxation issues; especially property taxation, inheritance tax, and tax planning for small and medium-sized businesses, for twenty years, before deciding to focus on his favourite role as author and presenter.
Carl is a former Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales and a member of the Institute’s governing Council. He is also a former President of ICAEW Scotland and a member of the ICAEW Board. He has co-organised the annual Practical Tax Conference since its inception in 2002.