Over 40 local businesses attended a breakfast briefing on Friday December 5th at the Hilton Doubletree, Chester, to learn more about how the Chancellor’s Autumn statement, delivered 2 days previously could affect them individually as well as their businesses.
The event was co hosted by Illingworth Seddon Chartered Financial Planners and Ellis & Co Chartered Accountants and Business Advisers. Both Peter Way Rider Tax Manager from Ellis & Co and Phillip Illingworth, Director of Illingworth Seddon delivered presentations on the key areas which would affect individuals and businesses following the Chancellors announcement earlier in the week.
Robert Ellis commented on the Chancellor’s statement as follows:-
“This is great news for home buyers with the overhaul of stamp duty reducing the tax payable on most house purchases. The changes in the pensions death tax will be welcomed by many families and encourage pension contributions. The increase in research and development tax credits will benefit many businesses and the proposed new science park in Manchester will give a boost to the North West.”
With regard to the joint event he added:-
“This was an excellent opportunity for individuals and businesses to have a personal briefing on the Chancellor’s decisions and for them to ask any questions from both ourselves, as Accountants as well as the Financial Planning experts at Illingworth Seddon.”
Phillip Illingworth commented:-
“The changes that have been brought about this year relating to Taxation and, in particular Pensions have been significant to say the least. We feel it is essential to share these messages with our clients in a timely manner. With the added benefit of combining our expertise with the views of the team from Ellis & Co., we feel our clients are well placed to adapt to these changes.”