Should you get your business ready for tax reform?
Recently we have watched a growing number of well-known brands collapsing, or choosing administration, in a desperate move to save their future. And with construction and manufacturing sectors cutting jobs due to a shrinking market, the UK economy is crawling through the final months of 2019.
This is precisely the moment when any business owner should take a long-term view, especially in the light of the upcoming tax reform in April 2020.
Immaterial of the outcome of the general election and economic changes, it’s essential to plan for the most likely tax reforms. These are most likely going to focus on business taxes, VAT and incoterms for cross-border trade, staffing (IR35/off-payroll ) and personal taxes.
If you are concerned about your company finances, then please do not put it off. The sooner you contact professional help, the higher the chances of rescuing the business. Contact us to arrange a free impartial consultation.
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