UK SMEs struggling with complex tax, finance and accounting requirements

Many UK SMEs are struggling with the complex tax legislations, that’s according to a recent survey by Hiscox of over 1,000 SMEs. The findings showed that 27 per cent are struggling to deal with tax, finance and accounting, with 76 percent of that group being in the IT and technology sectors.

The findings show that business leaders are calling for more guidance when it comes to tax reliefs and incentives, as well as more support to efficiently manage their tax, especially if they are looking to expand their businesses abroad.

At Beavis Morgan, we specialise in working with SMEs and owner-managed businesses.  We have a diverse team of tax professionals that are committed to ensuring that your tax reporting obligations are fully satisfied and that every opportunity to lawfully exploit tax savings is made known to you, restructuring your affairs in a tax effective and efficient way.

The UK also offers numerous opportunities for a business willing to expand internationally. It is however crucial to keep in mind that the legal, financial and taxation environments are sometimes very different. Whether setting up a structure, acquiring a company or setting up a joint venture, our specialists at Beavis Morgan can efficiently assist you and will prove a key element of the success of your project.

For more information about how we can help you and your business, contact Steve Govey or your usual Beavis Morgan Partner.