Bud­get is good news

Buckinghamshire Advertiser - - BUSINESS -

SMALL busi­ness own­ers across Bucks have re­ceived a welcome sum­mer break in the Bud­get, ac­cord­ing to a lo­cal spe­cial­ist.

An­drew Twynam who runs Tax As­sist Ac­coun­tants in Che­sham said that the Bud­get de­liv­ered some much­needed good news for lo­cal busi­nesses.

He said: “The new com­pul­sory liv­ing wage could im­pact on many small busi­ness, par­tic­u­larly at start-up stage, but this is off­set by an in­crease in their Em­ploy­ment Al­lowance from £2,000 to £3,000 a year, which is welcome news. How­ever, sole di­rec­tor com­pa­nies are set to lose this ben­e­fit next year. At a time when many busi­ness own­ers are start­ing to con­sider vi­tal in­vest­ment for growth, set­ting the an­nual in­vest­ment al­lowance at £200,000 will also be wel­comed, as is the re­duc­tion in cor­po­ra­tion tax to 19 per cent in 2017 and 18 per cent by 2020.”

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