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small business news
self-assessment deadline extended
Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.
schools must develop entrepreneurs
The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.
google targets welsh SMEs
Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.
emergency budget 2010: NI threshold to rise for employers
june 2010
Chancellor George Osborne has announced in the Emergency Budget that the threshold for employers to pay National Insurance will rise by £21 per week above the indexed rate.
The previous government’s intention to raise National Insurance contributions was dubbed a “tax on jobs” by the Conservative party in the run-up to the general election.
This move is hoped to make it easier for companies to employ workers during difficult economic times.
Other measures announced by the Chancellor include:
• VAT to rise to 20%
• Rise in
NI threshold
• Corporation
tax cut for SMEs
• Entrepreneurs’
relief increased
• CGT increased by 10% - but not
for basic rate taxpayers
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