Archives – August, 2009
Tax breaks designed to help small businesses retain key staff will now be available until 2018, the Government has announced.
Earlier this month, the Treasury confirmed that it had secured the ‘long-term future’ of Enterprise Management Incentives (EMI), after gaining state aid approval from the European Commission.
The eligibility criteria is also being extended to allow firms that carry out overseas activity to take advantage of the incentive scheme.
Continue August 26, 2009
VAT should be scrapped on energy-efficient household appliances, the British Retail Consortium (BRC) has said.
In its Pre-Budget submission to the Chancellor, the BRC is calling for the tax to be removed from ‘green’ appliances to help curb carbon emissions and cut fuel bills.
It claims the move, which would cost around £507 million per year in lost VAT receipts, could reduce the UK’s CO 2 output by 1.3 million tonnes each year by 2020.
Continue August 19, 2009
As problems with getting access to finance continue among small firms, the controversial Business Payment Support Service (BPSS) offers a very practical solution for many short term cash flow problems.
Continue August 6, 2009
There wasn’t much cheer in the Budget for small business owners, what with the new higher rate of tax introduced and the implications on pension contributions. But there are always opportunities for tax planning, which could help minimise your tax liabilities in the future. Here are some of the most worthwhile:
Continue August 6, 2009
