tax year

SBRR

SMEs brace yourselves: New tax year, new tax burdens

> With the new tax year just around the corner and the small business community due to be hit by a 5% rise in business rates after ministers reject reprieve, this year, now more than ever, small business owners and managers must ensure their business finances are in order. According to research from leading independent financier Bibby Financial Services over 382,000 business owners (25%) see the current economic situation as a chance to develop their understanding of financial management and get their business cashflow working harder for them. In order to ensure their business survives the recession almost a quarter (22%) are now having to offer staff a four-day week or other part-time or flexible working arrangement. And over half (51%) are cutting down on taxable benefits like company ca... »