A TAX specialist has urged companies to give their finances a "spring clean" before the end of the tax year.
T revor Morris who runs TaxAssist Accountants in Whitehaven and Workington, said it was important they were not caught out by incoming changes. He added: “Although the Government has now decided not to increase National Insurance contributions for self-employed people following a major backlash, other announcements in the spring Budget added to a long list of changes and new responsibilities for s mall businesses. We want to ensure that local business owners make the most of all relevant tax breaks and don’t get caught out by the new rules. Although some of the changes, such as reduced dividend tax allowance for director-shareholders, will not start until next year, there are significant challenges for local business owners which come into force from April this year.”
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