Businesses give feedback on taxation of small companies

Dorset businesses have had their say on the Government’s taxation of small companies.

Seven clients of chartered accountants and business advisers Princecroft Willis (PcW) were invited to put their views direct to Brian Palmer and Andy Richens of the Office of Tax Simplification (OTS).

The consultation was part of a review by the OTS which has now sent a report to the Chancellor of the Exchequer recommending a range of measures.

Among the points covered during a two-hour session at PcW’s Towngate House offices in Poole were how the tax system can be simplified and the administrative burden to small companies reduced.

Julian Smith, PcW’s Private Client Services Director, said the OTS particularly wanted to speak to clients with fewer than nine employees.

He added: “The meeting was an excellent opportunity for our clients to air their views on how taxation affects their businesses on a day-to-day basis.

“It is very interesting to see that some of the points made with regard to reducing red tape resonated with other contributors and are incorporated into the final recommendations made to the Chancellor.”

Mr Richens said the meeting with PcW clients had been “very useful and productive.”

“Our report relies on evidence from small companies and their advisers, in order to uncover how complying with the tax system may be made less of a burden for business,” he added.

The Office of Tax Simplification was formed in 2010 to give independent advice to the government on simplifying the UK tax system.

  • Picture caption: Having their say: Brian Palmer (seated, centre) and Andy Richens (left) from the Office of Tax Simplification with clients and directors of Princecroft Willis.

Note to Journalists:

Princecroft Willis has offices in Poole and New Milton and offers a full range of accounting services from audit to taxation. Locally based, independent and with strong community roots, the firm has 12 directors and more than 100 team members.

For more information please contact: Andrew Diprose, Director, Deep South Media Ltd, PR consultants to Princecroft Willis LLP, on 01202 534487.