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.

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emergency budget 2010: NI breaks for first 10 employees

june 2010

New businesses outside the south-east and London will have a £5,000 employers’ National Insurance exemption for each of their first 10 employees.

To encourage SMEs to expand and to improve the employment rate, George Osborne has announced NI exemptions for companies for their first 10 workers.

This only applies to companies outside London, the south east and the east of England, to address the imbalances between the regions, and to encourage more business development outside the City and surrounding regions.

Other big stories from the Budget announcement are:

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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