Click here to download the Budget Facts and Figures PDF document.

FOR CLIENTS and FRIENDS OF OBC , THE PROFIT TEAM , and WEALTH IMPROVEMENT NETWORK

We enclose a copy of a detailed budget report produced for members and clients of the Probiz network, of which we are members.

We would draw your attention to the changes in Capital Allowances explained on pages 9-11, and the changes to Capital Gains Tax on page 12

We hope you find this interesting and helpful.

We are pleased to see that the Employment Benefit Trust (EBT) tax planning strategy that we have been recommending to our more successful corporate clients (if a group of company directors together earn over £200,000 - this is a way for them to effectively pay tax of less than 15%) has not been stopped in the budget.

However, we are advised by our tax specialists to be under no illusion that it is likely to be stopped as soon as HMRC get their act together, so the moral as always is with tax planning ................

.............If you want to treat tax as an unnecessary overhead, that with careful planning can be significantly reduced, you have to TAKE ACTION to make it happen while the opportunity is still available.........

For those successful companies with a 31st March year end who want to take action to reduce corporation tax for this year, we can provide minutes for a board meeting to be signed before 31st March, instructing us to accrue for an amount to be included in an EBT.

Please do contact us if we can help you in any way with more information.