The government set out it's plans to get small business owners to pay more tax, they increased capital gains tax by 90%.... Keep your fixed cost down, make sure you have reserves, keep up with your credit control, here I had to help him with most answers.I've been talking about "bootstrapping" or "cost-cutting" for a long while now, with business planning as an additional tool, to combat any surprises.
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Labour Continues Assault On Small Business
Stuart and I have a crystal ball, when it comes to predicting "New" Labour's assault on small business.When we spoke yesterday morning we both agreed there would be a renewed attack on small business and we were right. The capital gains tax relief is scrapped.If you hold on to your small business, build value with your hard work, you are going to get punished.
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