If you missed the latest Autumn Budget and are wondering how it may affect you and your business, Bracey’s are here to help.
On Monday 29th October, the Chancellor of the Exchequer, Philip Hammond, delivered the last Autumn Budget before the UK leaves the European Union in March 2019.
The speech, which lasted well over an hour, revealed the Treasury’s plans to end austerity and prepare the country for the country’s impending departure from the EU.
As a business owner or sole trader, you will be keen to understand the immediate effect of the Budget once the legislation has been approved by the UK Government.
One pre-Budget rumour that many will be happy did not come to fruition was the VAT threshold limit of £85,000 being decreased; with the threshold remaining at its current limit for the next two years.
One particular popular announcement was the increase of the Annual Investment Allowance to £1,000,000, from £200,000. The increase will apply from January 1st, 2019 to 31st December 2020, and eligible investments will be exempt from tax.
Looking to invest? See if your idea qualifies here: https://goo.gl/EpW89q
The Digital Services Tax received a cheer within the House of Commons after it was announced new rules would be implemented aimed at ensuring large social media companies are no longer able to avoid tax. Global digital juggernauts such as Twitter and Google will now be subject to a 2% Digital Services Tax from April 2020.
Other key changes for businesses:
• Small retailers’ business rates will be reduced by a third.
• Minimum wage and personal tax allowances are set to rise.
• Large investment to transport links, development of empty spaces and pothole fixtures.
Bracey’s Accountants, specialising in bookkeeping, tax, VAT, medical, and accounting services from their Hitchin, Stevenage, Hemel, Bedford, Cambridge and Edinburgh offices. Check out our website here: https://www.braceys-accountants.co.uk/
FiNMAX mobile apps are available for both iOS and Android devices, which ensures that traders can access their accounts through a smartphone or a tablet. FiNMAX offers specific FiNMAX apps for iPhone, iPad, and other smartphones and tablets. Once again, traders can access almost the entire range of platform features that are available on the desktop platform, while advanced charting options from TradingView can be easily accessed through their responsive template.
FiNMAX Trading Accounts.
Even though the minimum investment required for a Platinum VIP account is high, the trading features can more than justify the initial investment barrier. The only concern is that traders may not feel comfortable depositing large amounts of money at FiNMAX without any proper regulatory protection. Regardless, the company has managed to steer clear of any large controversies, which does make it a bit more dependable than brokers that are located in tax havens.
FiNMAX Demo Trading Account.
FiNMAX offers a limited period demo that is valid only for a week, which is not a whole lot of time to learn the concept in detail. Although FiNMAX has limited its demo account to users, it is far better than avoiding a demo offering altogether. Seasoned traders can use the demo trading account to gauge the efficiency of the platform, while amateur traders can also use the demo period to familiarise themselves with the binary options market and put on a few trades to gain market exposure. Nevertheless, we would have appreciated if the company had provided a bit more time with its free demo account option.
FiNMAX clients can make use of the vast resources for trading, which includes advanced trading charts, personal account manager, and market analytics. Larger account holders have the convenience of trading with signals or use social trading platforms to copy trades from successful traders. The broker also provides market analysis, trading news, webinars, strategy, and VIP trader education. FiNMAX has one of the best trader-oriented resources, which can provide a highly beneficial platform for binary options traders.
There is a drastic amount of confusion surrounding regulatory status. Reduced number of binary options assets.
Yes, traders can download dedicated FiNMAX apps for iOS and Android devices.
FiNMAX offers support through live chat, phone numbers, emails, and Skype address. The customer service channel is only available for 14 hours a day and 5 days a week.