Budget News 2008

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TaxAssist Accountants - The Accountancy and Tax Advice for Small Business News for Small Business 
Budget Edition 2008


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Editors Note

We have been working hard to focus on the important small business issues that are affected by the Budget 2008 changes. We feel it is important to help you sift through the technical jargon out there and really find out what will affect your business as of 5th April 2008 and beyond.

The good news for small business owners this year was that the Budget contained no nasty new surprises...


Latest News

Budget has 'no nasty surprises'
The Federation of Small Businesses (FSB) has welcomed the Budget speech, saying there were "no nasty surprises" for the UK's small business community... read more

Budget 2008: Tax changes
The chancellor used yesterday's Budget speech to outline a series of tax changes affecting small businesses... read more

Chancellor backs female entrepreneurs
Female entrepreneurs will be given more encouragement - and financial assistance to launch their own businesses, it was announced yesterday's Budget... read more

Budget 2008: Fuel duty increase is postponed
Government plans to increase fuel duty by 2p a litre have been postponed until October... read more


How is the Budget report affecting Small Business?

Most of the difficult announcements had already been leaked or made previously, such as the Entrepreneurs relief and the 18% Capital Gains Tax rate. There were some interesting postponements, which may be more politically motivated that economically, and a further move towards what appears to be an inevitable alignment of small company and mainstream corporation tax rates.

TaxAssist Accountants has the following update to help you decipher just how this will affect small business owners...read more


 

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DISCLAIMER: The ideas shared with you in these articles are intended to inform rather than advise. Taxpayers circumstances do vary and if you feel that tax strategies we have outlined may be beneficial it is important that you contact us before implementation. If you do or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.




 

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