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Budget small business help a step forward

Small business experts have warned that last week's Budget was 'only the first step in a long journey', though industry groups did welcome as 'better than expected' the range of measures aimed at boosting enterprise. Headlines included a reduction in corporation tax, a £180 million rise in funding to create 50,000 apprenticeships - of which [...]

By | March 27th, 2011|Featured, New Business Start Up Services, Tax|0 Comments

Corporation tax cut beneficial says Secretary of State

Reducing corporation tax for businesses will benefit the Northern Ireland economy despite losing millions of pounds from Westminster as a result, Secretary of State Owen Paterson has said. Mr Patterson said the move would eventually prove to be beneficial. "I think the sensible way to do this is to do what Canada did recently and [...]

By | March 27th, 2011|Tax|0 Comments

The Budget – How does it affect your business?

Small firms and business start-ups will be spared any new red tape for the next three years and benefit from a bonfire of existing regulations. Until April 2014, the government is banning the introduction of any Westminster-inspired laws for start-up businesses or firms with fewer than ten employees. Ministers want to help small firms hire, [...]

By | March 24th, 2011|HMRC, Tax|0 Comments

Combining Tax and National Insurance

I was interested to see that George Osborne is thinking about combining tax and national insurance, starting with a review in the Budget. If he does succeed he will rightly go down in history as one of the great reforming chancellors. My graphic of the UK’s chaotic system of taxation illustrates precisely what is wrong [...]

By | March 17th, 2011|National Insurance, Tax|0 Comments

Savers urged to start taking urgent action to avoid a tax shock

Savers who are set to fall into the higher income tax bracket from next month when the new thresholds apply are being warned to revamp their savings to avoid as much of the tax shock as possible. Defaqto analyst David Black On alert: Defaqto analyst David Black An additional 750,000 people will pay tax at [...]

By | March 13th, 2011|Tax|0 Comments