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Budget Reflections by Wheawill & Sudworth

Published 27th Mar 2013 by Rachel McDerby

Chamber patrons Wheawill & Sudworth host 2013 Budget Analysis.

Over 75 hardy business-owners and professional advisers braved arctic conditions to attend the 2013 Wheawill & Sudworth Budget Analysis held at Greenhead Masonic Lodge.

The firm’s Tax Partner, Colin Barratt, highlighted a range of new tax breaks designed to help investment and growth in local businesses. "The proposed £2,000 NI allowance should hopefully encourage both job creation and retention." he commented.

Guest analyst Chris Hills, Chief Investment Officer at Investec Wealth & Investment, provided an over-view of recent national and global economic trends together with his thoughts on short-term future prospects.

A range of tax incentives for UK companies were analysed by David Butterworth of Wheawill & Sudworth. "Significant benefits are available for many local businesses in the form of R&D tax credits, enhanced capital allowances for expenditure on energy & water saving equipment and lower tax rates under the new Patent Box Tax scheme." explained Mr Butterworth.

W&S 2013 Budget photo

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