Accountants Stockport

The economy is constantly changing, which means that tax and accounting legislation is constantly changing too.

Here at Castletree Consultants, we keep our clients abreast of changes and specialise in particular in helping new start-ups get the best possible chance of success by advising them of relevant tax breaks and incentives.

At the start of the financial year 2011/12 some important alterations came into play regarding National Insurance Contributions.

The National Insurance Contributions Act 2011 became an Act of Parliament on 22 March 2011. The Act contained two measures: increases in the rates of National Insurance contributions from 6 April 2011, and a regional employer National Insurance contributions holiday for new businesses.

The second measure is designed to encourage new business start-ups in key UK regions. The ‘holiday’ will mean that new businesses set up outside London, the East and South East of England will not have to pay National Insurance Contributions for the first 10 people that they employ in their first year of business. This equates to a potential saving of up to £50,000.

The scheme is open to new businesses set up on or after June 22 2010 and will run until September 5 2013. The government is claiming that 400,000 businesses will benefit in this three year time period.

If you’re looking to start a new business and would like to find out how these changes might benefit you, or if you have an established business but are concerned you might not be taking full advantage of all available tax breaks and incentives, contact Castletree Consultants accountants Stockport on 0161 850 0259.