November 23, 2017 / 0
Download our full Budget report or view our quick summary
Yesterday, Philip Hammond shared his Autumn Budget 2017. Here’s a full report from our tax experts, breaking down exactly what it all means. Click here to download the full D&T Autumn Budget Summary
To hear more of what the Budget means for you and your business, read our director Carl Reader’s commentary here.
Just want a clear, at-a-glance summary? Here’s the key points of the Budget:
When is the new Autumn Budget?
“In this world nothing can be said to be certain, except death and taxes.” (Benjamin Franklin)
He’s right, of course. However, if you prepare effectively and take care to ensure that your tax planning is smart, you can reduce the impact.
Whether you’re a brand new start up or an established family business, failure to plan for business taxes can cost you and your business money.
We hear a lot these days about businesses being targeted by fraudsters. Phone calls or emails from scammers purporting to be someone they are not, in order to extract money from unwitting businesses are getting more and more common. There have been instances where communications are received that appear to be from a known and trusted email address, and recently even a case of a scammer calling up on the phone representing themselves as a debt collection agency demanding payment.
In this helpful #FinanceFriday video, d&t chartered accountants James Mitchell and Helen Warren explain HMRC regulations on Motor, Other Business Travel, Using Home as an Office, Entertaining & Gifts, and Clothing expenses. If you have any questions, please don’t hesitate to get in touch.
Have you ever tried rock climbing blindfolded?
The path of running a business is rarely travelled without encountering a few bumps along the way. Without a clear vision, your chances of making it to the top are slim – and a lot more difficult than it needs to be! That’s why a business plan is key.
HMRC today released an update on the Making Tax Digital regulations. (read our original Making Tax Digital blog post here.) The key point in the update is that the Making Tax Digital deadline has been delayed until “at least 2020”. Under the new timetable: