‘DC’, business owner with an annual turnover of £5.5m asked: “Where would you suggest we go to be able to get a list of all the legitimate things we can claim against tax /profit for tax planning?”. Our accounts expert, Simon Patterson replies:

In our view, this is the first decent budget for entrepreneurs and business owners for some time and exactly what the country needs to help rebuild economic activity.

Some commentators have argued that the forthcoming changes to CGT have been on the cards for some time, although during the Election campaigning it was only the Lib Dems that formally announced their intentions. Subsequently incorporated into the new coalition government’s policies, we can expect CGT rates for top earners to more than double for [...]

Every entrepreneur starts a business hoping it’ll be a ‘big one’ – successful, high profile, of benefit to a community, worthy of note. Barely 5% of them achieve it. So how do you give your business the best chance of being of big success rather than a big fat fail?

Ask James Caan – Question… Hi James, I’m 20 years old and have always worked for myself in the UK since I left school. But, I’m thinking of going abroad to somewhere such as Marbella, and setting up business there. Thinking of doing something food / drink related, but in a different way from the [...]