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Monthly Archives: July 2015

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The Budget Bombshell for LTD business owners in Guildford, Surrey

13th July 2015

George Osbourne's budget last week (Wed 8th July 2015) left a very sour taste in mouths of owner-managed businesses that trade through a LTD company. One of the main reasons for small businesses to trade through a limited company was the avoidance of national insurance (@ 9% of profits) paid by those that work for themselves through a sole tradership or partnership. For a small business only making a modest profit of £30k, the tax saving was over £3k (10% of the turnover) compared to...