Accountants see Cameron as small business red tape hero

Research from a small business bookkeeping software company has revealed that nearly 40% of accountants believe that the greatest barrier to growth of small businesses is red tape and predict David Cameron is the best person to fix the issue.

Research revealed today has shown that nearly 40% of accountants believe that the biggest barrier to growth of small businesses in the UK is red tape.

The survey, carried out by www.KashFlow.co.uk, shows that despite the Government's pledge to reduce the legislative burden on small businesses the company owners themselves are still struggling to come to terms with all the administration and red tape.

The survey also revealed that nearly 70% of accountants asked say that they see David Cameron as the better option to Gordon Brown when it comes to lowering the legislative barriers that prevent small businesses from growing.

In the last few years despite governments pledges new legislation including the Age Discrimination Act, New Employment and Workers Rights laws have meant that small business owners have had to spend an increasing amount of time learning how their company can remain compliant.

The new wave of red tape does not even take into account the burden placed on companies who wish to try and enter a regulated market place.

Commenting on the survey, KashFlow Managing Director, Duane Jackson said, “The survey we commissioned has revealed that accountants believe small business owners have a really tough time of it trying to keep up with every change in legislation and red tape”.

Alan Moore is an accountant from Alpha Business and Accounting Services and he commented, “There has not been a year go by in recent times when businesses have either had new regulations and legislation pending, or is seeing a new chunk of red tape banging at their door”.