With Chancellor Jeremy Hunt due to announce plans to simplify tax returns for individuals and businesses next week, changes could be great news for the hundreds of thousands of small businesses up and down the UK who file every year.
But, in general, experts are saying that more needs to be done to reduce the tax burden on small businesses – which increased following the Spring Budget last month.
Analysis by On the Spot Accountants and small business support platform Enterprise Nation has found that annual tax bills for some small businesses will increase by a massive £9,000 from this month.
