Tax Breaks and Support Needed for Business Growth

Tax Breaks and Support Needed for Business Growth

Nine out of ten micro businesses are planning to grow in the next year, but they will need tax breaks and face-to-face business support to do so, a report from Enterprise Nation has found. A Window of Opportunity, the annual small business report from Enterprise Nation, called for childcare costs to be counted as a tax-deductible business expense, for students to be given business loans and for the roll-out of the Government’s network of mentors to be accelerated. The report makes seven other recommendations on the back of a survey of 1,224 micro-businesses and small enterprises which found that 91 per cent plan to grow in the next year. More plan to achieve this through outsourcing (49 per cent) rather than taking on staff (26 per cent). “We need policymakers to recognise... »