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.