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

x

The Federation of Small Businesses has asked for a representative of small companies to have a seat in the Cabinet. The United States have a small business administration which has been created to support and boost small businesses in America. The FSB, thought to be the largest organisation for businesses, is calling for something similar here in the United Kingdom.

Although various initiatives and pledges are made by governments, they typically aren’t put into place fast enough or they just don’t meet the requirements of small business. According to the FSB, the government are working on initiatives for small business, but large businesses are often the ones to benefit initially. The FSB Budget submission to the Chancellor has called for a set-up based on the US small business administration, so that small businesses are guaranteed to be prioritised.

The FSB further adds that very often measures are introduced which look promising but offer very little to a small business. Various measures have been announced by the current government, including the procurement of a quarter of all government contracts to small business.

The regional chairman of FSB, Gordon Millward said:

“Through implementing a small business administration, it would allow the government to quickly implement policies aimed at helping small businesses- such as credit easing- which firms have been waiting for since the Autumn Statement.”

Until such an administrative body is set up, a small business accountant will maximise the benefits of all initiatives introduced by the government.

 

 

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.