Boost Bristol networking event for small business owners. Topics how to create powerful presentations and confidence tips to public speaking. March 2017

1. Welcome to
Boost #12
How to create a
powerful presentation
and overcoming the
fear of public speaking
Feel free to tweet…
@boostbristol
@SpotlessGroup1
@confidentcomms
#boostbristol

2. Our charity of the
year...
Caroline Tarbuck
Young Enterprise West of
England Manager

3. 2017 Budget:
What does it mean for
your business?
Phil Jones

4. National Insurance
Increases
Class 2 – Abolished from April 2018 (previously announced)
Class 4 – Increases
April 2018 – 1% increase to 10%
April 2019 - 1% increase to 11%
Scrapped

5. National Insurance Increase
Examples
Earnings 2017/18 2018/19 2019/20
£10,000 £313 £184 £202
£17,500 £988 £934 £1,027
£25,000 £1,663 £1,684 £1,852
£35,000 £2,563 £2,684 £2,952
Scrapped

6. National Insurance –
Class 2 abolition
Class 2 benefits
State Pension
Employment and Support Allowance
Maternity Allowance
Bereavement Benefits
Cost £2.85 per week (April 17)
Who pays?
Self employed earning more than £6,025 (Compulsory)
Self employed earning below £6,025 (Voluntary)

7. National Insurance –
Class 2 abolition
Abolished in April 2018 – entitlement linked to Class 4 contributions
Earnings between £6,025 and £8,164 = 0%
Earnings between £8,165 and £45,000 = 9%
Earnings above £45,000 = 2%
What about those earning less than £6,025?
NI Credits (parents of children under 12, in receipt of certain benefits)
Pay Class 3 Contributions at £14.25 per week (April 17)
Annual class 2: £148.20
Annual class 3: £741.00

8. Dividend Changes
Dividend Allowance of £5,000 (introduced in April 2016) will be
reduced to £2,000 in April 2018
Additional tax liability
Basic Rate £3,000 @ 7.5% = £225
Higher Rate £3,000 @ 32.5% = £975

9. Making Tax Digital
(MTD)
Requirement to make quarterly reports to HMRC of income and expenses.
Reports to be made electronically via software
For the smallest business free software will be available
Reports due within 1 month of quarter end
Applies to all Businesses and Landlords with a turnover over £10,000

10. Making tax digital
(MTD)- timeline
April 2018 – Sole traders, Partnerships and Landlords with
turnover above VAT threshold
April 2019* – Sole traders, Partnerships and Landlords above
£10,000 but below VAT threshold
April 2020 – Companies
* VAT returns to be filed using Making Tax Digital Software

11. Making Tax Digital
(MTD) - Preparation
Do you use accounting software? – if so, will it be compatible with the MTD
requirements?
Consider bookkeeping packages (HMRC will only provide free tools for the simplest
and smallest businesses)
If you don’t already do so, then get into the habit of keeping your business records up
to date
If you have an Accountant then speak to them about MTD
Come along to future Boost events – we will be regularly covering this topic over the
next two years

12. Julia Cawte,
Communicate with
Confidence

13. Darren Clark,
Co-Founder of Spotless
Group

14. Before you go…
 Our next event is on Tuesday 13th
June
“How to build value in your business”
 Please fill in the feedback forms
 Don’t forget to keep in touch
@boostbristol / LinkedIn - BoostBristol