RSS

Tax burden crushes growth

Mar 02 2010

Growth in the SME sector is being stifled by a complicated tax system, claims the Federation of Small Businesses (FSB).

In a survey from the body, 75 per cent of small businesses believe they would be able to grow their business if the UK tax system was simplified. 

John Wright, national chairman of the FSB, says: 'The government must recognise how important small businesses are to strengthening economic recovery. The potential investment and jobs which could be created [through a more simplified system] would provide the economy with the boost it needs to sustain recovery.’

Of the 1,600 small businesses surveyed, 52 per cent say taxable allowances pose the biggest problem when getting to grips with tax, while 34 per cent cite income tax as the most difficult.

Comments

There are currently no comments on this article

Polls

 

Are you expecting to hire this year?




Guides & Tips

 
Small businesses should take care to choose the right solicitor

Choosing a solicitor: How to avoid the pitfalls

Stephen Newman, managing partner of Baxter Caulfield Solicitors, gives advice on taking on a solicitor.

Make sure you get your HR right from the start

HR for start-ups – how to get it right

Margery McBain, MD of Gravitate HR, outlines the key human resources considerations for a small business owners starting up.

Insolvency is clearly a harrowing time, but there are certain procedures that must be undertaken

How to approach insolvency

Mark Wilkinson, of law firm Lee & Priestley, explains the insolvency procedure and the possibility of continuing to trade.

Store

 

FT Guide to Personal Tax

The FT Guide to Personal Tax is published by Pearson Education. Written by Sara Williams, CEO of Vitesse Media Plc and John Bloxham, this unique guide gives step-by-step advice to completing your tax return as well as over 230 tax-saving tips.

Growth Company Investor

Growth Company Investor is widely recognised as the leading magazine for investors interested in AIM and smallcap companies. Published 10 times per year, and brought to you by an award-winning analyst team, it offers subscribers unrivalled insight into high-potential smaller companies. Subscribe today with a 50% discount in your first year.

FT Guide to Business Start Up

The FT Guide to Business Start Up 2012, published by Pearson Education, is written by Sara Williams, CEO of Vitesse Media Plc. This unique guide has sold over two million copies. It offers practical advice about starting and running your own business.

What Investment

What Investment is the leading and longest-established investment magazine in the UK.

Site map

« Expand to view

Start a business

Small Business Finance

Business Banking

Technology in Business

Franchise Directory

Legal Advice

Office & Homeworking

Sales & Marketing

Employing Staff

Women in Business

About SmallBusiness.co.uk

Small Business Offers