From today over half a million businesses will, for one year, get double their usual Small Business Rate relief as the Government's budget promises to support local enterprise kick in.

The Government's emergency Budget set out plans to rebuild and rebalance local economies so that new businesses and economic opportunities spread across the country. The one-year reprieve from business rate bills will lighten the load for small companies, giving them more freedom to manage their accounts and grow.

Trading through a limited company gives you a number of advantages. It enables you to involve other investors in the business in a structured way, it means you can defer taking income from the company until it suits your tax planning, and it provides you with a potentially clearer exit by selling your shares in the company. But running a limited company brings with it legal responsibilities and you need to be sure that you are happy to take these on.