Owner Managed Businesses

This course will enable you to

• Get to grips with the basics of owner managed businesses (OMBs)
• Handle issues related to business growth such as capital expenditure and VAT registration
• Advise on when and how incorporation becomes a sensible option
• Ensure your clients generate profit in a tax efficient way
• Offer support on whether to sell a business or pass it on to the "next generation"

About the course

There has been a significant increase in the set-up of owner managed businesses (OMBs) in recent years. Whether they are sole traders, limited companies, or partnerships the rules around set up, management and ultimately disposal of OMBs are wide ranging and complex. It is our job, as accountants, to support clients through the complexity and to ultimate success in their chosen business.

This course provides an overview of owner managed businesses. It guides you through various tax, incorporation and income issues encountered at different stages of a business's life - from set up to disposal. The course also helps you advise on decisions such as when incorporation is a suitable option or, whether selling or passing it on to the next generation is best for your client's situation.

This course has been revised and is up to date for 2024/25. Including changes to cash basis and the new rules for unincorporated businesses.