FFT Chartered Accountants criticise mixed government messaging on growth and tax

The leading Manchester Accounting Company has accused the government of sending “mixed messages” to British entrepreneurs, warning that tax policy undermines business owners who lead growth.

Adam Kaplan, a partner in the FFT CARERED accountable accounts, said that despite Chancellor Rayeel Reeves’s speech on the support of small companies and the promotion of innovation, the reality for many small and medium -sized companies was rising the tax burdens, more red tape, and increased financial risks.

“The politicians love to talk about supporting entrepreneurs, but the numbers tell a different story,” Kaplan said. “Personal tax thresholds have been frozen, corporate tax increased, and the search and development comfort – which is supposed to stimulate innovation – was never more complicated or inconsistent.”

Kaplan warned that the government’s approach encourages the activity of institutions, as the owners of small businesses face high tax bills in an unexpected manner and interesting compliance rules.

He added: “Entrepreneurs risk all risks, and they create job opportunities, and to lead innovation – however, they are they they are barking while the government is chasing the addresses of newspapers.” “It is no wonder that many are wondering whether Britain is still a good place to manage business.”

The company said that its customers are repeatedly citing the relief and development tax as an anxiety. Once it is seen as a major support for innovation, the modern changes in the base and the increase in auditing HMRC have made many business owners be careful not to claim.

“The tax dilution of research and development should be a direct incentive,” Kaplan said. “Instead, it has become a fragmented and risky process. We have customers who are honestly invented, but they hesitated to demand fear of costly and effortless investigation.”

The government said it is working to simplify and integrate various relief plans for research and development, but FFT argues that the damage has already occurred-especially for small and medium-sized companies without large financing teams or expensive consultants.

Despite the challenges, the company continues to help its SME customers move in the scene, and provide strategic tax planning and advice.

“We cannot rewrite the government’s policy,” Kaplan pointed out, “But we can help business owners to plan it-whether it is more intelligent wage strategies, planning corporate taxpayers, or progress in the following budget.”

Entrepreneurs urged not to wait for the government before taking action.

“The sad truth is that the tax policy is increasingly driven by politics, not the economy,” he said. “Business owners need to act now to protect what they have built – because waiting for a healthy sense of Westminster may be a heavy mistake.”

FFT legal accountants now invite the government to match its pro-business speech with meaningful reforms-starting to simplify the exemption from the search and development tax, the corporate tax review for small and medium-sized companies, and a renewed focus on certainty and fairness in the UK tax system.