Big tax changes for small businesses
Wednesday, May 11, 2011 | Posted by: Francesca Lagerberg
Categories:
Business advice
| Tags: tax,
income tax,
NIC,
budget,
Office for Tax Simplification,
OTS,
National Insurance,
allowances,
policy,
IR35,
contractors,
intermediaries,
small business review,
merging income tax and NIC,
integration,
SME
Small business taxation is facing major reform with the potential merging of income tax and national insurance contributions, new approaches to taxing very small, unincorporated businesses, and a review of IR35 rules, says Francesca Lagerberg, Head of Tax at Grant Thornton.
