Nadeem Iqbal - Understanding Your Tax Matters: An Essential Guide To Tax Efficiency For Business Owners, Sole Traders And Limited Companies

UNDERSTANDING YOUR
TAX MATTERS

An essential guide to tax efficiency for business owners, sole traders and limited companies

Nadeem Iqbal

First published in 2018

Copyright 2018 Nadeem Iqbal

ISBN: 978-1-9999668-0-5

All rights reserved. Apart from any permitted use under UK copyright law, no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information, storage or retrieval system, without permission in writing from the publisher or under licence from the Copyright Licensing Agency Limited. Further details of such licenses (for reprographic reproduction) may be obtained from the Copyright Licensing Agency Ltd, Saffron House 6-10 Kirby Street, London EC1N 8TS.

CONTENTS

Book Reviews

Christian Simpson A Leading Authority in the Professional Coaching Industry, Mentor to Entrepreneurs & Small Business Owners over 147 countries, International Speaker, ground breaking Direct Response Marketer and expert in wealth generation Gloucestershire, United Kingdom

Financial education is critical to success in todays small business environment. Sadly, many business owners are reluctant to learn this vitally important subject because so much of the material is written in way that just isnt accessible to most people. Who wants to read a book thats written by a fiscal expert designed to make you an accountant? Thankfully, Nadeem Iqbal saw the problem and changed the conversation entirely. This book stands apart from every other book in its genre because its written to educate business owners on how to leverage other peoples expertise in order to achieve success, freedom and financial wellbeing. It contains powerful case studies and practical guidance to help you understand how your taxes work as well as a plethora of other nuggets from an accountant who clearly thinks and writes as an entrepreneur rather than the proverbial bean counter. Within its illuminating pages is a powerful roadmap for success for every business owner, regardless of where they stand in the entrepreneurial journey. It covers start up, choosing the right structure, building the right team around you, overcoming the inevitable challenges of growth and complexity that defeat most business owners, dealing with your taxes efficiently, identifying and understanding the key numbers in your business, and executing a successful exit strategy. If you own a business, this is one of the most important books youll ever read.

Teresa Payne Business Owner, Senior Partner of Parfitt Cresswell Solicitors UK (nationwide) & Head of Trust & Tax Planning Department, Author of several books, Serial Entrepreneur and Business Developer London UK.

Financial wellbeing and freedom is a dream for many of us but we cannot get this financial success without understanding our financial matters. Nadeem demonstrates in his book Understanding Your Tax Matters, how we can make this success happen. The book helps you to understand Tax Matters in specific and financial wellbeing in general. In order to make your business a successful venture, you must understand how your business numbers work, how VAT, payroll and other tax liabilities can influence your business and its cash flow. As we all know, turnover is vanity and profit is sanity but as an entrepreneur, the take home cash after paying all taxes is reality and Nadeems book will help you Understanding this reality. All owner managed business should read this book.

Steve Pipe Chartered Accountant, worlds leading strategists to the accountancy profession, Speaker, award winning entrepreneur and Author of the Amazon #1 best-seller Better business, Better life, Better world United Kingdom

It is really impressive to see an accountant producing an easy-to-use guide such as this. If only more accountants did the same. I am no tax expert, but as a business owner I found it really interesting and useful.

Paull S Newsome Associate CEO at CSE Ltd, Business Development Consultant at Stace Roofing, Marketing Director at PROACTIVE PROPERTY SOLUTIONS LTD, Business Owner and serial entrepreneurGloucester UK

As a business Owner having a basic understanding of accounting is crucial, yet for most of us it can on the surface appear to be confusing and daunting but like the rules of a game the better we know the rules the more we can win in the game of Tax!

Nadeem shows us in His excellent book Understanding Your Tax Matters we dont need to be an accountant to understand the basic uses of the game. Nadeem describes all of these vitally important rules in an easy to understand way in his book.

Youll not only get valuable knowledge and confidence from His book but more importantly youll also learn how to better work with your Accountants and leverage their expertise. After reading this book you should be able to:

Understand the importance of knowing your business numbers

Learn how to free up more time to do more exciting things

Plan your financial wellbeing in a better way

Know more tips about saving your hard earned money

Find guidelines about running and selling your business profitably

Nadeem is a successful entrepreneurial Accountant with real life experience of running and growing businesses Himself, which more than qualifies Him to help other non-Accountants play the Tax game to win. This book is a recommended read for all small to medium size growth oriented businesses Owners.

Rudi Jensen Chartered Accountant, public speaker, Author, coach entrepreneur and the founder of ACCOA. Rudi Jansen has been helping businesses and accounting firms in the UK grow and prosper since 2006.

If you are a business owner, then one key to your prosperity is to have a high-level understanding of finances and tax. In simple to understand language, Nadeems book gives you just what you need to get a high-level understanding not only of broad UK Taxation, but also the ability to get to grips, in a very simple way with VAT, Payroll and all those other technical matters which may be confusing you. After reading this book, you will know exactly what to look for in a great accountant and also how to find one. Would highly recommend this book.

Rob SpicerSerial Entrepreneur, Financial Consultant Business owner for multiple Public Houses and various businesses Liverpool, United Kingdom

Nadeems wisdom is born from real life experience when advising his many clients

Nadeems ability to show complete empathy towards all aspects of his profession indicates a man who can relate with his clients issues and situations requiring advice

Nadeems narrative style is easy to read and understand, the individual case studies are precise in format and allow the reader to gain full understanding and not be baffled with accountancy jargon