Feature
Accountancy Services
Help needed to make most of taxing times
KPMG regional head of tax, Tim Blake, explores some of the top issues that need addressing for businesses to have a more supportive system.
Growth and investment is a tax priority for mid-sized businesses in the West Midlands, but complexity remains an issue. Seven out of ten mid-sized businesses in the Midlands (76%) see tax as an opportunity to drive growth, according to research from KPMG. The business advisory firm surveyed 700 UK
businesses with revenues between £25m and £300m, including 100 respondents in the Midlands, on their attitudes to tax policy, access to tax incentives and the drivers behind financial management. When asked to identify the opportunities that tax
policy provided, job creation was identified by almost half of respondents (40%), ahead of supporting exporting (38%), improving margins (34%), and attracting investment (24%). Less than a third (31%) said that their priority was to
simply meet compliance requirements and just under a fifth of mid-sized businesses (16%) said that ‘protecting the bottom line’ is their main concern. Tim Blake (pictured), head of tax at KPMG in the Midlands, said: “Most mid-sized businesses in the
Preparing the route is the first step
Businesses want to make the most of tax policy changes
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