Leave businesses alone, urge Swindon accountants Banks
Leading Swindon accountants are calling on the Chancellor to leave businesses alone, in his forthcoming Autumn Statement.
But Richard Mathews, director of Banks chartered accountants, said he feared George Osborne may use the Autumn Statement on December 5 as an opportunity to slip through some unpopular measures before the Government starts to gear itself for the next election in 2015.
“We’d really like to see the Chancellor leave businesses alone and let them get on with furthering the economic recovery which is clearly underway,” said Richard.
“But the Autumn Statement next year and 2015 Budget will be the last before an election, so they’re unlikely to contain anything too controversial or unpopular.
“It leads us to believe that, far from leaving businesses alone, next month’s Autumn Statement could bring bad news.”
Richard predicted rules governing the use of incorporated partners in limited liability partnerships could come under scrutiny; VAT on goods purchased online might also be changed, as the Government tries to get more taxation from the likes of Amazon.
Following the Autumn Statement on December 5, Banks will be running an event with a panel of experts providing their analysis of Mr Osborne’s announcement.
The free event, with light buffet, runs from 5.45-7pm at Banks’ Stratton offices. Experts will give their overview on how the Autumn Statement will impact on businesses, banking, taxation, personal finance, and employment issues.
Richard will also give a presentation on the Autumn Statement, and what it means to Swindon businesses, to Swindon Business Village networking group, at their breakfast meeting on December 12. For more details and to book, visit www.businessvillage.org