In the Budget speech, there was some further good news for small businesses, building upon what we had already been told in 2010’s budget. This is clearly a key aim for George Osborne, the Chancellor, who has said he wants to “make Britain the best place in Europe to start, grow and finance a business”.

Whilst we think this budget is broadly favorable to larger businesses, we believe that more could be done to help smaller businesses.   

The summary below sets out the changes that will have an impact for you or your business. 

 Individuals

Personal allowance

These allowances represent the amount of an individual’s income in the tax year that is not subject to income tax. [Read more...]