This is a guide written for the self-employed. It describes in simple, easy-to-follow steps how to keep your tax to a minimum and how to stay out of trouble with the tax man. Written by two tax specialists from Touche Ross, the book incorporates all changes from the 1988 Budget and Finance Act. Every important tax aspect of self-employment and running a small business is covered including setting up business, salaries versus profits, National Insurance, VAT registration and payment, tax records, capital expenditure, employees, raising finance, pension plans.

This is an updated guide including the 1988 Budget covering every aspect of tax and tax planning that could afffect the family including the single person, marriage, children, retirement and old age, provisions for the next generation, making a will, living and working abroad, redundancy and unemployment, separation and divorce, planning for the future along with useful tax-planning ideas and tables. Written in an easy-to-follow language it is designed to prevent the reader from paying too much tax or from falling foul of the Inland Revenue because they have not planned properly for tax. Bill Parker is a National Director of Tax at Touche Ross and Colin Sandy a tax manager.