Well Done Federation of Small Business!!!

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The Federation of Small Business are claiming a significant victory in the battle to have the government rethink their radical capital gains tax changes announced last year.

Originally the government wanted to increase capital gains tax on the sale of businesses to 18% – an effective 80% increase.

Over the past few months the FSB have been lobbying (with the help of everyone who filled in the petition I referred to here on my blog on the 22nd October 2007), negotiating and cajoling the government and finally achieved some significant changes to the proposals which will benefit the smaller business owners.

There is now to be a flat rate of tax of 10% on the sales of business up to £1,000,000 in value.  I am still not clear what, if anything, will happen on sales over £1M but rest assured I will let you know via the blog as soon as I can.

In the meantime – power to the people!!!

~Ray

Ray Stewart
I am a qualified Certified Practising Accountant having passed my final exams way back in 1981. I actually can’t believe that was 37 years ago!! Anyway, I am now in my 60’s and I have been running my own business since May 1983. And before you ask, no, I have never regretted a moment of it! Part of the membership requirements of my professional body now dictate that I spend quite a lot of time on “CPD” - continuing professional education (one of their better ideas) - and over the last two years I decided to study business growth and marketing. I have learnt such a lot and that knowledge has radically changed my old “accountants” approach to business. It has made such a difference to the way I work and operate I feel that I just have to pass on this knowledge. It is simply too powerful to hold back!! - but I will try and do it in simple terms rather than expecting you to spend hours, as I had to, working through the difficult language that trainers seem to use to pass on their concepts. I hope you find the blog a useful resource and interesting place to visit as the months pass. I will do my best to keep up the flow - but if there are any topics you would like me to cover, then please let me know. Ray Stewart
Ray Stewart
Ray Stewart

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