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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 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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