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Small Business Tax Planning: All you need to know from start-up to retirement by Russell Cockburn

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4. Compliance and Dealing with the Tax Authorities

Making the right impression

When starting your own business an integral part of the tax planning process is the paperwork necessary to register the business with the official bodies and organisations. Treat this as just part of the business set-up process in the same way as reaching customers, visiting the bank manager or establishing lines of credit with suppliers – it is a fundamental part of good business organisation.

A business that treats its obligations to the tax authorities as important from the outset, and gets them done on time and in an efficient manner, will make a good impression. This is important as it can play a part in the risk assessment that your business is given by ...

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