Skip to main content
search

UK SMEs are calling on the new PM to ensure the government delivers the promised support for smaller firms on energy bills, among other pro-business measures.

Responding to Rishi Sunak officially becoming the UK’s new Prime Minister, National Chair of the Federation of Small Businesses (FSB), Martin McTague, said, “I congratulate Rishi Sunak on becoming Prime Minister. The focus must now be on stabilising the economy, delivering the promised support for small firms on energy bills and cutting National Insurance, and on securing growth and prosperity in the medium and long term.

“The political turmoil at Westminster must end, and attention switch to the real world in which small businesses and the self-employed are being hammered by soaring costs, falling revenues, and diminishing availability of affordable finance.

“With recessionary pressures acute for small firms, pro-business measures will be needed to secure prosperity in the medium and long term. That includes the right tax and regulatory framework, including keeping pre-profit taxes such as Business Rates and National Insurance as low as possible.

“Policies should also support improving broadband and local road infrastructure, housebuilding, and labour supply.

“Soaring energy bills have been uppermost in the minds of many small business owners in recent months. The promised energy support package for small business owners must be delivered swiftly, followed by a plan for what happens after the initial six months of support which takes a realistic view on the inherently vulnerable position that smaller firms find themselves in when dealing with energy suppliers.”

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Email Jaime

Martin added, “In the last two years the UK’s small business community shrank by half a million. While the reversal of the hike in national insurance is welcome, it’s a bitter blow to the directors of small companies paid through dividends to be excluded from this. These hard-working entrepreneurs were left out of Covid financial support and now face this tax rise, in many cases alongside a jump in Corporation Tax.

“At a time of pressure on public finances, the new Prime Minister could take the opportunity to improve cashflow for vast numbers of small firms without a cost to taxpayers – and that is through action to tackle poor payment practices in supply chains. Late payment of invoices – often by bigger businesses to their smaller suppliers – leads to the shutdown of 50,000 businesses a year. Over the last three months more than half (54%) of small firms have been the victim of late payments.

“There’s an easy win for the Government and small businesses here if ministers double down on blacklisting big business offenders from winning taxpayer-funded contracts; as well as making audit committees of big firms directly responsible for their company’s payment practices.

“Small business entrepreneurs are resilient and innovative, but the current headwinds are gale-force. For small firms to drive economic recovery and future prosperity, they need a pro-small business environment in which to operate and grow.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £125 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
x

Not Found What You’re Looking For?

Speak to an ExpertLimited or Umbrella?
Exit
Take Home Pay Calculator