Good Budget or Budget? As usual, a bit of both.

As a business owner, the good bits included:

• Cuts to business rates for some shops, pubs and cafes
• The increase in the personal allowance and higher-rate tax threshold
• Increase in the Annual Investment Allowance to incentivise expenditure on business assets
• Cost of a beer stays the same!

But the bad bits include:

• Reforms to self-employment in the private sector
• Changes to Entrepreneurs Relief to make it harder to get the low tax rate
• Cuts to R&D tax credits for loss-making businesses
• Cost of wine goes up!

There’s a lot to take in, so have a read of our handy summary here:

JDA – Budget 2018 Report for Business Owners

If you found this useful, please share it using the icons at the side of the page, or leave a comment below.

Any questions?

If you’d like a meeting or a Skype call to discuss this, please get in touch with your favourite Liverpool accountant

• You can ring us on 0151 380 8080
• You can email us at growth@jondaviesaccountants.co.uk