Limited Company accounting fees with a personal account manager for only £118 per month. We'll do your paperwork while you focus on running your business. We operate fixed fees, agreed in advance, ensuring there are never any nasty surprises.
 

News

2010 Budget Key Points

25 March, 2010

Some of the key points from the 2010 Budget are as follows:

Taxes

  • 345,000 businesses will pay no rates, as rates are cut for one year as from October
  • Bank bonuses tax raised £2bn in 2009-10, twice as much as forecast
  • Internationally coordinated and systematic tax on banks is needed
  • Stamp duty allowance doubles from £125,000 to £250,000, funded by 5% stamp duty for properties worth more than £1m
  • Tax amnesties agreements with Dominica, Grenada and Belize
  • Inheritance tax threshold frozen for 4 years

Small and Medium-sized Enterprise (SME)

  • Investment allowance doubled to £100,000
  • New growth capital fund to provide capital
  • £94bn in new business loans to be provided by RBS and Lloyds with nearly half to SMEs over next year
  • A new credit adjudicator will fast-track complaints from smaller firms
  • A 15% increase in the number of central government contracts going to SMEs

Employment

  • Civil servants to be reduced by one third - 15,000 jobs to be relocated outside of London with 5 years
  • A growth package of £2.5bn to be paid for by switching spending in some areas
  • Public-pay settlements to be held at a maximum of 1% over 2 years as from 2011
  • Under-24s unemployed for longer than 6 months will be offered work or training over the next 2 years
  • An extension of tax credits for older workers
  • Over-65s length of time worked to receive credits reduced

Alcohol, tobacco and fuel

  • Cider duty will increase by 10%. Duty increase on beer, wine and spirits as planned
  • Tobacco duty will rise by 1% above inflation this year, then 2% per annum thereafter
  • Fuel duty to rise by 1p in April, followed by a further 1p rise in October and the remainder in January

Economy

  • The deficit reduction will go from 11.8% of GDP to 5.2%
  • The UK economy crisis shrank by about 6% over the recession
  • At £167bn, borrowing will be £11bn lower this year
Limited Company accounting fees for only £148 per month. We do your paperwork, you focus on running your business. Find out more, or contact us today.

Knowledge Base