George Osbourne's second Budget was touted as electing to put the emphasis on growth and enterprise rather than austerity. So did he deliver for business?

With the caveat that the full implications of Budgets seldom reveal themselves for months or years after the event, this was a Budget for growth. Working within the constraints imposed by the need to reduce the deficit, the Chancellor has introduced several measures that we should appreciate.

As Venture Finance, we  teamed up with AccountingWeb's resident tax expert Rebecca Bennyworth to produce a Budget summary report for SMEs. Taking a practical view of what matters most to business, Rebecca will explain the tax changes in straightforward language and offer practical tips on what businesses need to do about them.

Budget tax changes are not only complex, they can affect cashflows, growth and financial confidence during the year as new measures come into effect. We hope this guide will arm you and your clients helpful information to enable you to plan ahead and lessen any negative impact.

As Best Factoring and Invoice Discounting Provider of 2011 this is just one of our attempts to provide consistent value-added support and service excellence to both our clients and introducers. We hope you find it useful.




In association with