Haines Watts Swindon are accountants with a charity department
A new report suggests that small and medium sized enterprises are experiencing a revival due to a growing investment environment. The UK’s government policies are said to be among the most SME friendly globally in 2013/14.
The report comes from ACCA (the Association of Chartered Certified Accountants) and IMA (Insititute of Management Accountants), and found that there is evidence of robust recovery for SMEs in Britain. Following the financial crisis in 2008, it was small and medium sized businesses which were hit hardest, but historically they have shown great resilience. In fact, even in times when the economy is struggling small and medium sized business stand good chances of success if they follow the right procedures and employ a little savvy thinking.
The ACCA/IMA Global SME Performance Review identified these types of businesses as more likely to embrace innovation, enter new markets and make the most effort to build strong relationships with suppliers and customers. There is a stronger focus on client-customer relationships that are less present in larger corporations that earns them higher levels of loyalty and dedication, and smaller businesses tend to be more adaptable and open to change than long-standing, large companies that have become set in their ways over time.
With industry growth comes an influx of new companies who need the right guidance and support in order to know they are financially sound. The law and HMRC regulation surrounding taxation is constantly evolving, and without timely and expert business tax advice, businesses might find themselves paying more tax than they need to, or not claiming valuable allowances.
Haines Watts Swindon are quality chartered accountants who make it their priority to make sure that businesses are only paying the taxation they are due. As a Top 20 National firm of chartered accountants England and business advisers they provide proactive tax advice and tax planning services.
For a business or even a charity organisation to develop it needs to feel confident its accounts are in order before it can prosper, and proper maintenance of company finances hereafter must be covered also. Haines Watt Swindon are accountants Swindon based and also have a dedicated charity department with experienced charity accountancy advisors.
As part of the Haines Watt Group the Swindon team with 50 offices nationwide are there to use that resource and offer the same common objective – your success. Get in touch with them and see how they can advise you and your business.