So what are the key points for small firms and what do they spell for real businesses?
The circus surrounding the new government has worn off and now they mean business, but while we wait for the emergency Budget on 22 June, there are signs that small businesses will greatly benefit from the new policies.
Last week we covered the expert response to the new government and how the changes could affect small businesses. Now, with the coalition deal signed, the future of UK business is looking more promising.
From the scrapping of the one percent increase in employer National Insurance Contributions (NICs) to an increase in employer National Insurance thresholds, the proposals for small firms are coming thick and fast.
There will be cuts to regulations and a review all small business taxation to make it easier for people to start and maintain healthy businesses. In addition, the Government has ensured entrepreneurial business activities will be exempt from capital gains tax, with no additions to existing EU regulation.
However this is not the only relief for firms. There will be an automatic small business rate relief for small companies in England and a reform of the corporate tax system to make rates simpler and lower.
Flexible working initiatives will also benefit as employment and workplace laws are reviewed to boost flexibility. While the creation of Local Enterprise Partnerships to replace Regional Development Agencies aims to make it easier for people to set up new firms, and support those already in business.
Great news for now, but the emergency Budget will show the true sign of things to come.
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