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Following the announcement of the Budget 2009 by the Chancellor, Alistair Darling, on Wednesday afternoon, we would like to dedicate this week's email newsletter to the changes applicable to small business owners from April 2008.
Many of our readers will be aware of the changes to Capital Gains Tax and the threat of the dreaded new "Income Splitting" proposals, although please note that the letter will not be introduced until later in the year following further consultation. However, those readers who draw a salary rather than dividends may also like to note that the top threshold of National Insurance will increase above inflation from next year as well, which will no doubt increase tax bills without alternative planning.
What has not changed however is the scope for good tax and financial planning, and we would like to point you towards our short commentary article on the Budget which you can find at www.a4gsolutions.co.uk/budget-2008, together with details of all of the tax figures for the forthcoming year. PDF's of the article and the tax figures are available to download from the website, although if you wish to receive a hardcopy of the article and figures, then please email anna@a4gsolutions.co.uk.
Of course, if you wish to discuss the impact of the Budget announcements on your business then please contact your client manager or email enquiries@a4gsolutions.co.uk.
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