In a survey conducted by neuroscientist Dr Lynda Shaw, the biggest concerns and worries of many small business owners have been revealed. SMEs consider tax and accounting among their biggest worries. Nearly 50% of survey participants said that they struggled with tax and accounting for SMEs, with 23% stating they experienced anxiety over these subjects.
However, 84% said they were confident about managing their staff and 63% were confident about the future of their companies. 65% were making plans for the progression and development of their businesses based on positive economic forecasts.
Commenting on the survey results, Dr Shaw said: “It’s important for small businesses to stay ahead of the game when there are rapid advances in technology which can help the business grow.”
K&B Accountancy Group offers a range of accountancy and tax services to help small businesses and start-ups. If you need advice on your tax issues or support in accounting for SMEs, call us today on 0207 078 0211 and one of our friendly and knowledgeable accountants will be pleased to assist you.
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