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

x

A survey carried out by T-Mobile has revealed that more than half of all small businesses in the United Kingdom have a positive outlook, despite the recent economic difficulties. Out of 2,019 small business owners, 58 percent are feeling positive about the next six months. Many of the businesses are preparing to make necessary changes in their plans for the future, to enable them to deal with the effects of spending cuts and rising taxation.

A third of the business owners interviewed are considering the introduction of new products or services to boost business, while a third are considering expansion within the UK. Ten percent of business owners are considering international expansion, with over half believing that they are in a more stable position than in 2010. Almost half of the companies expect to see growth in the next six months, although most are not looking beyond six months to make changes. As the economy is undergoing dramatic changes, many businesses will be keeping a close eye on business continuity plans and future performance forecasts. A small business accountants will take on this duty, producing the statistics that will provide the base for future plans.

Although this survey shows that small businesses are optimistic for the future, it is essential that they keep ahead of all changes in legislation and taxation, to avoid attracting penalties and interest charges which will be a drain on resources. Online accounting provides a real time solution to your accounting requirements, allowing you to accurately plan for the future.

About The Author

Gary Fields

Content Writer working alongside our expert accountants to bring you the latest Tax and Accounting news.

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

Read more posts...

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More

The Accountancy Partnership – Our Positive Reviews

Here at The Accountancy Partnership, we’re proud of our customer reviews The reviews we receive from our customers show how hard we…

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.