The Tolley+™ Guidance Owner-Managed Businesses Module - expert practical tax guidance, examples and template documents that demonstrate how to apply legislation in real-world client situations.
The Tolley+ Guidance Owner-Managed Businesses module tackles the complex interplay of an individual’s tax affairs with that of their business. The module focuses on the tax implications at every stage of a business life-cycle, from incorporation to exit.
The Owner-Managed Businesses module complements the Personal Tax and Corporate Tax modules and provides practical guidance and tips on compliance related issues including tax return completion and planning issues around managing taxable profits.
The advisory section concentrates on the typical transactions that advisers come across, including extracting value from the business and incentivising key staff.
The Owner-Managed Businesses module will guide you through dealing with HMRC investigations and how to handle the associated array of campaigns, task forces and initiatives.
Each topic has detailed guidance and extensive links to the statute, case law, HMRC manuals and other source materials. Save time with worked examples, templates, pro-formas and stay up-to-date with the latest developments through the tailored news and analysis feed.
Topics We Cover
Administration Advising owner managed companies Advising partnerships Advising sole traders Advising special businesses Calculating trading profit and loss Enquiries, penalties and appeals Exiting the business and succession planning Expanding the business Extracting profits from a company Running a property business Selling the business Share schemes and OMB companies Starting in business and incorporation Topical issuesOur Owner Managed Businesses Experts
Tax Areas
Address the tax issues that affect larger companies and multinational groups – from corporation tax compliance matters, to more complex tax advisory issues such as sales, acquisitions and flotations; company reorganisations and demergers; and international aspects including transfer pricing.
Understand and answer the tax, national insurance and employment law questions that relate to employees and payroll operation. Employers, payroll operators, advisers and HR professionals can find practical and wide-ranging help in an easy-to-navigate online service.
This section tackles the myriad of tax issues faced by entrepreneurs and their businesses. It provides in-depth practical material to help you deal with compliance effectively and efficiently, whilst identifying areas of potential risk and ensuring all available relief are claimed.
Essential guidance on whether you are completing or reviewing tax returns, or dealing with tax planning work. Tax compliance topics are structured around the pages of the tax return, helping you find exactly what you need. You will also find a wealth of information to help you structure your clients’ affairs efficiently.
This section provides comprehensive advice on private client matters. For practitioners unfamiliar with this specialist area, it explains complex concepts in plain language. For the specialist private client practitioner, it goes beyond the summary of legislation found in other tax publications, and provides practical guidance on the effect of the law.
This section provides you with practical assistance to understand the VAT issues for domestic and international business transactions. It offers businesses and tax practitioners' practical tools and up-to-date information on all aspects of VAT and Customs Duty
Latest Owner-Managed Businesses News
The Finance Bill has passed Committee Stage and has been reprinted, incorporating all Government amendments. The Bill will next be scheduled to be...
The Chartered Institute of Taxation (CIOT) have produced Finance Bill 2026 briefings on: anti-avoidance rules for share exchanges etc, chargeable...
2 February 2026 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors...
HMRC has updated its guidance on qualifying income for partnership profits....
HMRC has confirmed that the helpline for self-assessment queries will now be open from 9am to 4pm on Saturday 31 January 2026....
Popular Articles
Foreign tax relief
Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting
Tax Returns
BPR ― trading and investment businesses
BPR ― trading and investment businessesIntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart ― trading or investment business for BPR purposes.For an overview of BPR, see the BPR overview guidance note.Relevant business propertyThe main
Losses on shares set against income
Losses on shares set against incomeUsually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess is carried forward to use against future gains. See the Use of capital losses guidance note
