Jason has a great story “Arctic Systems Victory leads to a change in the law” about this “current” governments continued attack on small business in the UK. He laments the governments policies and make the following point:
“…. Well, again we see this government punishing small business, yes there is a tax advantage in this method over and above that of say an employee, but unlike the employee the self employed get no paid holiday entitlement, SSP, SMP, no employer to pay for their bupa, car etc. …”
If labour carries on this way, it will single handedly bring the next recession around, remember small business produces over 50% GDP. These policies will make harder for small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants, to make a reasonable return for the risk and efforts they take.
There is no tax-compensation for the month, weeks and hours spend by small business owners without paying themselves, but then when it all pays off, Labour is there to take it from them. ST.