So far, so good. That seems to be the business community’s general view regarding the coalition government.
In a recent newspaper article, award-winning entrepreneur and freelancer’s friend, Darren Fell, gave his views on why he thinks now is a great time to start a business in light of recent tax changes.
The Crunch accountancy founder said: “Recent Government tax changes have meant investing in a business to sell later is much more attractive for micro-entrepreneurs. For me, this makes it really attractive to build businesses in the UK. Not only is it an excellent place to set up a business, it now has one of the better capital gains rates in Europe, which should help stop the “brain drain of entrepreneurs.”
“Life should become easier for freelancers, contractors and independent consultants as well,” he added.
Darren’s views coincide with the recent revelation that the number of people forming Limited Companies has risen after a two year slump. During the financial year 2009/2010, Companies House reported a 10% rise in formations compared to the previous year. If Darren’s views are correct then the increase in Limited Company start-ups will ascend still more.
Darren Fell is best known for founding email marketing company Pure and establishing the first accountancy service featuring an automated online system, combined with the support of fully qualified accountants – specifically aimed at freelancers, contractors and small businesses.
