How To Pay Less Tax (UK version)

Over 90 tax ideas and strategies used by accountants every day to save tax
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Instructed by Dean Shepherd Business / Finance
$50
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  • Lectures 98
  • Length 31 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2016 English

Course Description

This course is for people who wish to learn about all the tax breaks and allowances accountants use (or should use) with their clients to reduce their overall tax liabilities in the UK.

There are over 90 different tax ideas and strategies discussed in this course; grouped into appropriate categories. Each tax break or allowance has it's own video so you can easily navigate and refer back to it in future.

The basics of each tax strategy is explained, by me, in person and if you need further explanation or elaboration then I am happy to answer all your questions in the community forum.

All the tax breaks and allowances are correct for the 2015/16 tax year and so apply for all UK tax returns due until 31st January 2017. I shall update the videos as and when new legislation comes into force.

What are the requirements?

  • All the content is video based so you will need a suitable device to watch (and listen!).
  • I have tried to keep it as jargon free as possible so no prior tax knowledge required.

What am I going to get from this course?

  • You will have a video checklist of all the makjor tax breaks and allowances that every good accountant should be implementing with their clients.
  • You will be able to confidently discuss these tax strategies with your own accountant to make sure they are being implemented for you.
  • You will be able to sleep safely at night knowing you are paying the right amount of tax without risking a knock at the door from HM Revenue & Customs.

What is the target audience?

  • This course will be most relevant to small business owners based in the UK. Particularly those who complete their own tax returns or who suspect their accountant is not taking advantage of all available tax breaks and allowances.
  • Only UK tax rules are considered so this course will not benefit anyone based outside the UK or with business interests outside the UK.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: INTRODUCTION
Course Leader
Preview
01:12
Welcome
Preview
00:41
Disclaimer
Preview
00:41
Section 2: TAX BREAKS FOR BUSINESS OWNERS
Employing your spouse or partner
Preview
00:34
Employing your children
Preview
00:18
Changing your accounting period
Preview
00:25
Making your spouse a partner
Preview
00:28
Class 2 NI contributions
Preview
00:22
Legal structure
Preview
00:13
Buying assets
Preview
00:18
Personal loans
Preview
00:16
Selling your business
Preview
00:15
Making a loss
Preview
00:16
Company gone bust
Preview
00:15
Working from home
Preview
00:16
Receipts
Preview
00:22
Mixed use expenditure
Preview
00:17
Hobbys and interests
Preview
00:17
Stock valuation
Preview
00:18
Entrepreneurs relief
Preview
00:17
Section 3: TAX BREAKS FOR LIMITED COMPANIES
Profit extraction
Preview
00:25
Dividend paperwork
Preview
00:16
Buying a business
Preview
00:15
Senior employees
Preview
00:17
Royalties and interest
Preview
00:25
Business premises
00:20
Personal service companies (IR35)
00:23
Section 4: TAX BREAKS FOR EMPLOYEES
Staff suggestion scheme
00:15
Long term service awards
00:15
PAYE liabilities
00:12
Employment classification
00:15
P45s and P46s
00:23
Professional subscriptions
00:18
Timing of bonuses
00:13
Employee pension contributions
00:20
Relocation expenses
00:16
Termination payments
00:11
Share schemes
00:18
Section 5: TAX BREAKS ON EMPLOYEE PERKS
Car ownership
00:24
Mileage allowances
00:12
Forms P11D and P9D
00:18
Dispensation
00:19
Employee loans
00:14
Eye-tests and glasses
00:16
Cycle to work scheme
00:21
Trivial gifts
00:18
Medical check-ups
00:13
Work transportation
00:15
Car sharing
00:16
Mobile phones
00:15
Childcare vouchers
00:18
Staff parties
00:11
Section 6: TAX BREAKS FOR INDIVIDUALS
Pension contributions
00:25
Childrens pensions
00:16
Annual pension allowance
00:21
Last will and testament
00:17
Marriage and civil partnership
00:20
Wedding gifts
00:22
Inheritance tax nil rate band
00:17
Life assurance
00:21
Regular gifts
00:15
One-off gifts
00:13
7 year rule
00:14
Charitable donations
00:14
Child Tax Credits
00:24
Child benefit
00:23
Section 7: TAX BREAKS ON INVESTMENTS
ISA limits
00:22
Spread investments
00:19
Capital Gains Tax exemption
00:18
Non-taxpayers
00:13
Enterprise Investment Scheme (EIS)
00:39
Venture Capital Trusts (VCT)
00:16
Pension scheme lifetime allowance
00:21
Pension drawdown
00:17
Premium bonds
00:23
Separation
00:29
EIS/SEIS reinvestment relief
00:13
Life assurance bonds
00:17
Section 8: TAX BREAKS ON PROPERTY AND LOANS
Jointly held property
00:23
Moving home
00:14
Rent-a-room relief
00:09
Wear and tear allowance
00:12
Insulation allowance
00:16
Mortgage interest relief
00:22
Section 9: TAX BREAKS FOR VAT
Registration threshold
00:18
Pre-registration VAT claim
00:17
Post de-registration VAT claim
00:12
Online filing
00:14
Bad debt relief
00:09
Flat rate scheme
00:17
Cash accounting scheme
00:17

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Instructor Biography

Dean Shepherd, Chartered Tax Adviser and Accountant

In my 15 year career as a tax accountant, I have worked with an eclectic mix of creative businesses and their owners - from design agencies, brand consultancies and visual effects studios to bespoke jewellers, fashion brands and film-makers; helping them to pay the least amount of tax whilst staying on the right side of the law.

There is a common theme to all the questions that people ask me:

“How can I legally reduce my tax bill?”

“What expenses or allowances should I be claiming?”

“What do accountants do to pay less tax?”

“Why does everyone else seem to pay less tax than I do?!”

“Where is the line drawn between acceptable tax avoidance and illegal tax evasion?”

“Can I take advantage of the elaborate tax schemes that celebrities use?”

“What is the likelihood of HM Revenue & Customs investigating me, and what happens if they do?”

I know the simple stuff that works, the complicated stuff that doesn’t, and I am passionate about helping small business owners keep more of their hard earned cash.

Armed with this determination, I have written books, produced digital courses and ran talks and workshops to keep more money in your pocket and giving no more than your fair share to the tax man.

I am not out to cheat the tax man, and I am not interested in helping people contribute nothing to society. I simply help to level the playing field between big businesses with expensive lawyers and small businesses that really drive the economy.

Explore, experiment and implement these great tax saving ideas in your business and you will notice an immediate reduction in your tax bills.

I really hope this course helps you as much as they have helped both me and the creative businesses I work with every day.

Dean Shepherd

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