SME Growth Boost: Finance Brokers Emphasise Need for Tax Cuts
2025-02-24
MSN
According to a recent survey by business finance provider iwoca, nearly 40% of UK finance brokers consider tax cuts essential for driving growth among small and medium-sized enterprises (SMEs) in 2023. The SME Expert Index reveals that reducing tax burdens can significantly impact SME development, allowing these businesses to allocate more resources towards expansion and innovation. By implementing tax cuts, the UK government can foster a more favourable environment for SMEs, promoting economic growth and job creation. Key factors such as cash flow management and access to finance also play a crucial role in SME success. Effective tax strategies can help SMEs thrive, making them more competitive in the market.
