A recent report by the Federation of Small Businesses stated that the average small business loses 12 days per year dealing with tax obligations! And two thirds of businesses estimate that they spend £3,500 in associated support fees.
Despite this one in three said that a lack of cashflow planning resulted in late tax payments and one in five that a lack of understanding of HMRC requirements meant they missed tax deadlines.
At the same time, the taxman is clamping down on small businesses, with a 30% increase in compliance revenues from SMEs in 2013 compared with the previous year. This all suggests a worrying level of risk, cost and distraction is commonplace.
DigiTax Accounts can solve all of these issues, for many franchise networks, with more consistency and at a lower cost than you and your franchisees are currently incurring.
Some of the benefits of our service
- Reduces risk & delivers consistency in financial & tax compliance across your franchisee network
- Removes the burden of distracting company set-up & tax requirements on new franchisees
- Saves your franchisees time & money, all year round
- Provides a cost-effective, up-to-date financial position for all your franchisees, 24/7