Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

As Boris Johnson stepped into the role of Prime Minister, the Federation of Small Businesses (FSB) called on him to resolve Brexit and focus on the issues currently concerning small businesses.

Three burning issues for SMEs

As the UK’s largest business group, the FSB recently sent representatives to meet with Boris Johnson to discuss priorities for the new administration. With Mr Johnson now in post, the FSB is urging him to address three of the major issues concerning small businesses.

Modernise the business rates system

The two-year 33% rates discount is currently enjoyed by small retailers with rateable values up to £51,000. The FSB asks that this be extended to manufacturers, and for the discount to be made permanent. They’ve also asked that nurseries have the same 100% rate relief as Scotland does.

Upgrade the Employment Allowance

Small businesses are struggling with spiralling employment costs. The FSB have suggested that some changes to the way that businesses are charged for employing someone could make a significant difference. So far, their recommendations include:

Get businesses connected

Significantly increasing investment in the UK’s broadband and phone infrastructure will ensure all small firms have access to the upload and download speeds they are entitled to under the Universal Service Obligation (USO) and reliable 4G connectivity.

The outcome

FSB national chairman Mike Cherry said that discussion with Mr Johnson during his campaign had been promising, but that Brexit had failed to address domestic challenges.

“Securing a pro-business EU withdrawal agreement that can command a majority in the House of Commons is task one for this new administration,” he said. The FSB urge that this time sensitive issue is holding back small businesses, with no ability to grow or plan for the future, until this is resolved.

What are your three ‘burning issues’ as a small business owner? What changes would you like to see? Let us know.

About The Author

Kara Copple

An experienced business and finance writer, sometimes moonlighting as a fiction writer and blogger.

More posts by this author
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.