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Tuesday, 19 April 2011 13:55

                                                  Performance Improvement

 

 

We all run our business primarily to make money: hopefully we will generate sufficient profit to award ourselves a decent income and put away some pennies for a rainy day.

 

Is this enough?

 

Not it certainly is not!!!

 

Being in business should be about generating wealth: what we do with that after its won is another matter: perhaps re-investment in order to generate even greater profit.

 

Performance Improvement or PI, is a critical management tool which identifies how companies can optimise efforts and achieve the very best return on risk capital invested.

 

MCFA can assist in streamlining and optimising your business to ensure more profit results.
Last Updated on Tuesday, 19 April 2011 15:05
 
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Key Budget Highlights
· Main rate of corporation tax cut from 28% to 26%.
· Small profits rate of corporation tax cut from 21% to 20%.
· Personal allowance increased by £1,000 to £7,475.
· All National Insurance rates increase by 1%.
· R&D tax relief for small and medium sized companies increased from 175% to 200%.
· VAT compulsory registration turnover threshold raised from £70,000 to £73,000.
· Capital gains tax annual exempt amount raised from £10,100 to £10,600.
· Entrepreneurs’ relief lifetime cap raised from £2 million to £10 million.
· Income tax relief on investments in EIS shares increased from 20% to 30%.