Do you want the good news or the bad news first?
Dudley accountancy firm Lewis Smith & Co. (one of Arrowsmith Marketing’s oldest clients) highlighted 2 sets of tax related news recently. One positive, the other not so good.
On the upside there is still time for a bit of advantageous tax planning before the new tax year involving ISA allowances and pension payments.
On the downside many small businesses may have found they have been designated as low cost traders by HMRC. If you use the Flat Rate VAT scheme then it’s likely that your VAT rate will be going up in April.
If you want to take advantage of the pluses or mitigate the minuses you might want to get in touch with Lewis Smith & Co. Just email info@lewissmith.com or give them a call on 01384 235549 and they will help you out.
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