The first budget of our new government was always going to be a big event but following the outbreak of the Coronavirus it took on much greater importance than any previous budget since the financial crisis.

A big part of my job is advising small business owners how to extract profits from their companies in the most tax efficient way. We’ve looked at Dividends, Salary and Pensions all of which work well but you may or may not have heard of “entrepreneurs relief”.

Entrepreneurs Relief can be hugely beneficial in reducing your tax liability should you sell part or all of your business or even just close it. Let’s take a look at what it is and how it works.