As the UK climbs out of the recession, it is essential that all businesses utilise every financial opportunity provided for them. The Autumn Statement in fact offers several possible benefits for dental practices, and it is crucial that you know and understand which will affect you.
Initiatives introduced or confirmed that could benefit your practice include:
No NIC is payable for employees under the age of 21, saving your business thousands of pounds every year on younger staff.
The capping at 2% of the increase in business rates on commercial premises from 1 April 2014.
50% business rates relief for business moving into retail premises that have been empty for a year or more.
In addition, the Chancellor announced a clamp down on aggressive tax avoidance, with taxpayers encouraged to stay away from ‘tax schemes’ through penalties and accelerated tax payment during avoidance investigations.
So to find out how you could take advantage of the new initiatives while protecting your practice from the threat of penalties, speak to the experts at Lansdell & Rose today.
For more information please visit www.lansdellrose.co.uk or call Lansdell & Rose on 020 7376 9333.