MILLIONS OF BRITISH SMALL FIRMS HELD BACK BY FINANCIAL CONFUSION

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With one month to go before the Government’s new VAT rules come into force, almost 9 out of 10 (approx. 4.9 million) small business owners admit feeling “overwhelmed” by regulation when starting up. According to analysis from small business software app Xero, three-quarters of UK businesses (approx. 4.2 million) said that early growth was “stunted” from the sheer amount of time and expense it took…

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