The 2017 Spring Budget is set for Wednesday 8 March. This will in fact be the last Budget announcement to take place in the Spring, as from now on Budgets will feature in the Autumn. The purpose of the Budget announcement is to deliver the financial and economic position of the UK, based on information by the Office for Budget Responsibility, and also present forecasts for spending plans in the year ahead. What can we expect this year?

property-highlights-autumn-statementThe Autumn Statement had, as expected, a key focus on what is commonly referred to as a "housing crisis". Lack of affordable homes continues to be an issue, along with the inflated house prices that make it virtually impossible for first-time buyers to get the break they need. Landlords are still very much in the firing line for government attempts to dampen activity in this sector.

importance-of-ifa Whether you are a contractor or locum, freelancer or small business owner, you will know the importance of having good professional contacts that you can trust and rely on. As you are often wearing many hats already, it is essential that you are able to connect with the right people who can give you the advice you need, when you need it. These people ultimately help your business and personal finances to grow.

register-for-flat-rate-VAT If you are a contractor or freelancer, or own a small business, you may be liable for VAT. If your income reaches the threshold of £83,000 in any given tax year then you are required by law to register. The VAT Flat Rate Scheme for small businesses often works out a good option, as you get to keep some of the VAT you charge to your customers, and limit the paperwork involved with VAT return filing.