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2010 Budget Implications

Date: 28 March 2010

Following the worst recession in years, a mountain of debt and an anticipated wave of tax rises, Alistair Darling's latest budget was never going to be a ‘good news’ budget.

But, what does it mean for contractors and freelancers? Here at My Accountant Friend we’ve pulled out some of the key points for you, commenting on:

-  Stamp duty reduction 
-  NIC threshold increase
-  New 50% higher rate and withdrawal of allowances
-  Increase in the investment allowance
-  Entrepreneurs relief extended
-  Tax band and allowance freezes
-  VAT unchanged but adjustments to thresholds
-  Increases to NI Contributions
-  Restrictions on pension contributions
-  Penalties for late payment of PAYE 

Please click here to download our detailed report on the above and more. One thing the budget highlights is the need to do proper tax planning. Why not take our FREE check-up?

Guarantees

  • Your company will trade in THE most tax-efficient way, ensuring maximum return for your hard work.
  • You’ll always receive exceptional service – you’ll never need to chase us or have to ask twice.
  • You will always be fully compliant, up-to-date and will NEVER miss a deadline.
  • You won’t find a better price. Find the equivalent services for less and we’ll match it!
  • Your dedicated accountant will respond to any queries within 24 hours.
  • We won't raise our prices for at least 18 months & then only by inflation!* You must have a standing order in place!

So what are you waiting for?

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