Pictured above: Nigel Reynolds
Birmingham accountancy firm, Reynolds and Co is calling on the
new coalition government to announce positive cuts to support the
growth of small businesses in next week's Budget Speech to the
House of Commons.
The Bickenhill Lane accountancy and tax specialists believe
small businesses in the region and across the UK need extra support
to protect the future security and growth of businesses.
It believes the Chancellor of the Exchequer, George Osborne,
could introduce positive cuts to avoid the loss of any further
small businesses.
Reynolds and Co argues the new coalition government could do
this by removing the proposed increase in Employers National
Insurance, which is due to come into force from April 6th 2011,
introduce a fazed reduction in Corporation Tax by reducing rates by
1% a year over the next three-years and implement changes to the
taxation of overseas company profits for UK International Groups,
to put an end to any further loss of companies leaving the country
due to the UK tax burden.
Nigel Reynolds, Founder and Principal of Reynolds and Co, said:
"It is still a very testing and uncertain time for small businesses
who have managed to survive 2009, now more than ever, small
businesses need the help of the new coalition government.
"By supporting small businesses, the new government will ensure
businesses can continue and grow in the UK - which will create new
job opportunities and increase the UK economy."
The Chancellor of the Exchequer, George Osborne, will deliver
his first 2010 Budget speech to the House of Commons on 22 June
2010.
Reynolds and Co specialise in accountancy (including Solicitors'
Accounts Rules), taxation and business advisory services. This
includes Management and Business Services, Business Start Up
Support, Tax Management and Tax Returns Support, IT Support and
Payroll and Booking Keeping Services.
The firm is also a member of the ACCA, the largest global body
for professional accountants - with 140,000 members of the
accredited body across the World.