Steven McKenzie, Managing Director of Acumen Accountants & Advisors highlights key points from the announcement.
"Although George Osbourne’s 8th Budget as chancellor may be not as exciting as the main headlines would suggest, and as usual the devil is in the detail, the Budget looks bright for the SME market.
It seems to support the SME market with:
- a break in business rates for small businesses
- the removal of Class 2 NI
- a reduction in CT rates working their way down to 17% by 2020
Lest we forget the every day impact for you and I. The individual benefits of the Budget include:
- increased personal allowance
- increased rates before hitting higher rate taxes
- a freeze on fuel and alcohol duty"
For more information on how the budget effects you or to discuss your business/individual financial needs, call a member of the Acumen team on 0845 270 1688