KPMG Enterprise

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About KPMG Enterprise

KPMG Enterprise provides a range of affordable accountancy, tax & advisory services for private businesses of all sizes (start-ups to mid-market) in the UK. It offers straight-talking, practical support; helping to grow businesses the right way from the ground-level up. https://www.kpmgenterprise.co.uk/

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The KPMG Enterprise Digital Newsroom is a simple and useful resource for you to keep track of all the latest news stories. High resolution images and complete press releases are available to download from here and you can connect with our various social media profiles easily. Suggestions for improvements are welcome.

Contact Details

For more information on this story, please contact Ella Sykes, Laura Coyne or Louise Watson-Dowell at Manifest Communications on 0113 2429 174 or email: kpmg@manifestcomms.co.uk

KPMG Enterprise

A slash to red tape will see businesses stay out of the red

Commenting on plans announced by Business Secretary Sajid David to cut at least £10 billion of red tape over the next five years, Bivek Sharma, Head of Small Business Accounting at KPMG, said:

At long last we are seeing a focus on the laborious and often damaging red tape that currently binds businesses up and down the UK, limiting their ability to growth both here and overseas.

Business Secretary Sajid Javid’s plans to slash £10billion of red tape will be particular music to the ears of the 38 percent of small and medium-sized business owners who told a recent KPMG survey that they are distracted by admin and paperwork on a daily basis, leaving priorities such as growing the business and generating new sales leads (28%) to take a back seat.

This needs to change. If our economy is to grow and we are to achieve the Government’s “best place in Europe to start a new business” promise, we need to give SMEs access to as much resource as possible to assist them in making their operations both productive and financially sound – something that they tell us continues to be a difficult juggling act.

While we are yet to see the finer detail, our hope is that these plans are the start of something that is both measurable and deliverable for our small businesses. SMEs are a fundamental part of our business community: if they thrive, so too does the economy. It’s therefore essential that we develop a culture for sustainable new business; without sound investment into streamlining processes, any momentum built will soon peak and retract.

Attached Files

Archive

How to know when you need an FD

Bivek Sharma, Head of Small Business Accounting at KPMG It’s widely accepted that if you can bring on a Finance Director to help you in business, you should. Having a viable idea for a business doesn’t necessarily mean you know how to run the books – and the analysis, insight and advice an FD can […]

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