TaxCorporate TaxTax returns confuse small business owners

Tax returns confuse small business owners

Study shows complexity of tax return process baffles business owners

The tax return process is confusing more than two-thirds of small business
owners, according to a new survey.

The study by Accountz showed 68% are baffled by tax returns, with 22% having
missed deadlines purely due to the complexity of the process.

Of the 100 small business owners questioned, 55% said they had calculated
their tax bill through the year and saved up accordingly, while 5% claimed they
used credit cards to pay off HMRC.

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