New research has revealed that 71 per cent of UK small and medium sized businesses (SMEs) believe that bigger businesses get a better tax deal from the current tax system than smaller companies.
The survey, conducted by FreeAgent of over 500 UK micro businesses, showed that just 1 per cent felt they received greater benefit from the current tax system than larger firms, with 43 per cent saying they do not know the UK's tax digitisation plans, under which they will need to keep digital financial records and provide quarterly tax updates to HM Revenue & Customs.
Many business owners are struggling with the complex tax legislations which remain convoluted and confrontational for SME businesses. At Beavis Morgan, we understand the demands placed on SMEs and we know that no two situations are the same. We therefore work at understanding you, your business and its unique issues, and provide advice and solutions to help you improve your net worth and increase growth and profitability.