Latest Chancellors budget will bring potential good news for small businesses in Bangor and Newtownards, North Down.
The main tax highlights of the Chancellor’s Budget is stand to be good news for those considering starting a new business or small businesses. Our top highlights in three simple terms are notably :
- Personal Allowance going up to £11,850
- High Rate Threshold rising to £46,350. (both from April 2018).
- And don’t forget, the Corporation Tax rate is now already down to 19% in this tax year.
O’Boyle Accounting can help you as regards the best way to format your company (Limited, Sole Trader or Partnership) and we can help to save you tax of course.
If you would like some advice on what the budget may mean for you or your business please don’t hesitate to contact us and in case of setting up a new business please feel free to call on the same numbers or email