Small businesses will play big role in future of UK economy

The new Government must recognise the big role of small business in the future of our economy, according to TaxAssist Accountants.    

Jo Nockels, FCCA, Senior Training and Technical Communications Manager, said: “Whatever the make-up of the new Government, it must recognise the vital role played by local small business owners, who are part of a national legion of more than five million entrepreneurs who make a major contribution to the country’s economy. 

“Time and again, particularly during periods of change and uncertainty, they prove their adaptability and value. Local business owners will be looking to the new Government to support their enterprise and commitment and help them to grow.

“As new policy priorities emerge in a fast-changing post-Election climate, we’re urging the Chancellor to give clarity and support to small businesses across a whole range of issues, including business rates, corporation tax, self-employment status and digital tax reporting.

“The return on that investment – in terms of local jobs, local communities and the local economy – will be substantial. Small businesses across the country – independent retailers, service providers and consultants – have a big role to play in the future of our national economy.”

With more than 290 TaxAssist Accountants offices nationwide, the network provides accountancy services, tax returns, payroll, bookkeeping, tax savings and tax advice to more than 65,000 clients including sole traders, partnerships, limited companies and personal tax payers. 

Date published 19 Jun 2017 | Last updated 19 Jun 2017