PracticeConsultingOpportunities for SMEs in the red tape

Opportunities for SMEs in the red tape

The red tape burden, repeatedly cited as a stumbling block to the growth of UK enterprise, can create business opportunities for some SMEs, according to Ashley Whittaker, CEO of accounts outsourcing company Cevas Data Systems.

In an interview with AccountancyAge.com, Whittaker said the regulatory burden on companies, including start-ups, had continued to increase, despite promises from politicians and government efforts.

Whittaker’s comments will anger business groups which believe the net effect of red tape on companies is negative.

But, for a company like Cevas, an e-business venture which processes and pays out expense claims on behalf of its clients and generates P11Ds and VAT calculations, the complex tax system has helped generate business.

‘In a way I am quite please the government has not simplified things too much,’ he said.

‘The government’s inability to decrease the amount of red tape, has created a market place for us.’

Whittaker said web-based technology allowed e-business ventures the opportunity too offer value-added service ‘at the touch of a button’, whereas previously they might have taken weeks to process.

And, he said, the business environment was still a good one for entrepreneurs in general, despite the fact that the tax compliance burden had ‘substantially increased’.

Links

Cevas.com

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer