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Confused by the budget?

It’s a practical advice day today.

 

After the budget announcement yesterday, it looks like National Insurance contributions for self-employed workers will go up.

 

This is obviously not good news for small business owners.

 

However, apparently any business losing their small business rate relief will benefit from a cap, which prevents the rate they pay from going up by more than £50 per month.

 

This is only being introduced of course to try to placate those hit hardest by the recent increase in business rates.

 

That’s not all – income tax allowances for the self-employed will be increasing come the new financial year.

 

So would you be better off, or not?

 

It can be hard to see how the overall picture will affect you and your business.

 

In times like this it might be better to consult a professional, who’ll have seen it all before.

 

You’ll need a good one though.

 

Here’s where to find one, with our list of questions to ask an accountant before hiring:

 

https://www.madenotborn.com/accountancy-supplier-form/

 

David