Budget comment: Entrepreneurs benefit from cocktail of tax incentives
Author: Tim Lyford, Head of Corporate Tax
“Small businesses look to be winners and the Government seems to be looking to entrepreneurs to lead the recovery by providing a cocktail of tax incentives,” said Tim Lyford, Head of Corporate Tax at Smith & Williamson the accountancy and financial services group.
He continued:
“Entrepreneurs and smaller businesses will see a variety of tax incentives from enhancing the reliefs on Enterprise Zones to reductions in red tape, improved access to finance, greater tax relief through EIS schemes for business angels, more flexibility in planning and improved R&D for small businesses – besides a big step up in Entrepreneurs’ relief.”
For further information, contact:
Tim Lyford, Head of Corporate Tax, Smith & Williamson, the accountancy and financial services group.
Tel: 020 7131 4213
Richard Mannion, National Tax Director, Smith & Williamson, the accountancy and financial services group.
Tel: 020 7131 4252 Mobile: 07799 761326
Press office:
Kate Harrison - 020 7131 4228 / 078019 68377
Matt Rowe - 020 7131 4550
www.smith.williamson.co.uk/budget
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Note to editors
Smith & Williamson is an independent professional and financial services group employing around 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Birmingham, Bristol, Dublin, Glasgow, Guildford, Salisbury, Southampton, and Worcester.
Smith & Williamson Limited
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International