We’ve all heard the 2016 Budget, now what do the tax changes mean for SME’s?
Shortly after the Budget came the “Finance Bill” (hundreds of pages of legislative detail that sits behind George Osborne’s Budget announcements). Here are some of the key areas from the Bill that are likely to impact SME’s around the Thames Valley.
- The ‘Business tax road map’ – which sets out the government’s plans for business taxes to 2020 and beyond. Amongst other things, it states that some larger businesses are going to face additional tax liabilities so this will be of particular interest to any SME’s with growth aspirations.
- Changes to Stamp Duty on Business premises – this is largely on the increase and could well affect local SMEs
- Changes to tax advantages on business funding
- Changes to staff share incentive schemes…and much more…
To support local independent businesses in the Thames valley area, we are running a Free SME breakfast event on Thurs 28th April with Harwood Hutton Chartered Accountants, who are offering their skills and expertise for free to help SME’s understand what the budget means in practise for their businesses. This event would be of particular interest to Financial Directors, Financial Controllers or Managing Directors of these businesses.
If you are think this would be of interest to your business and would like to attend please email us to find out more.