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With the Autumn Statement taking place later today, SMEs are urging Chancellor Jeremy Hunt to act now to save thousands of pubs, cafés and small shops.

The Federation of Small Businesses (FSB) is calling for the government to focus on tackling SME issues, such as rising rates bills and late payments.

FSB Policy and Advocacy Chair Tina McKenzie, explained, “Thousands of pubs, cafes and small shops face sky rocketing business rates bills unless Jeremy Hunt acts at the Autumn Statement. We are at a crossroads for the future of our economy. Real life businesses need a platform to power through troubled times.

“Government is about choices and the Chancellor must concentrate his firepower where it can do the most good – small firms and the 16 million jobs they support. The prize for getting this right is massive.

“Small firms face huge inflation-linked increases to the so-called Small Business Multiplier in April – worse, this is timed to coincide with the scheduled withdrawal of tax support to the high street. Big retailers have already gotten a rates bonus from the last revaluation, but small firms have had an incredibly bruising few years and want to see a hopeful message from Government.”

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Tina added, “Large businesses, from supermarket giants to huge public sector contractors must stop using their small suppliers as cash cows. Training must be encouraged, not penalised, by HMRC. The Chancellor has a chance to build long-term prosperity as well as shore up our economic defences.

“The Autumn Statement is the key moment for Parliament to stand up for the small firms across the country who work hard, pay a fortune in taxes, and provide the jobs our communities need. Small firms will be watching and hoping that the Chancellor delivers what the country needs. Jeremy Hunt must seize the moment.

“The prize if the Chancellor gets this right is massive. Small businesses have an amazing capacity to grow, expand and generate the increases in living standards that everyone across our country needs. Combining stability with prosperity is the key. The UK economy has proved time and time again that it is resilient. With the right Government approach, we cannot just get through difficult times, but secure a positive more prosperous future for all of our local communities and the businesses that make them what they are.”

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 £105 + 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
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