Telford-based Turas Accountants says today’s Spring Statement will do little to change the mood in the business community.
Owner Helen Columb said changes to Employer National Insurance contributions coming into effect on April 6 had dominated the business agenda in recent months and set the tone for the coming financial year.
“The increase in NICs to 15 per cent and the cutting of the threshold at which employers start paying them to £5,000 has cast a long shadow on financial planning for the year ahead, and there was little in today’s statement to change that.
“It obviously makes it more expensive to employ people and has certainly had a chilling effect on growth and recruitment – the very things we need to be encouraging to help the economy move forward.
“Having committed to not raising taxes further in the wake of her November budget, the Chancellor has left herself with little wriggle room, and I think today’s statement reflects that.
“Without economic growth to generate extra revenue for the Exchequer, it has no option but to cut spending on some public services in order to balance the books.”
Turas, which is based in Hall Court in Telford Town Centre, started trading in 2013 as Columb & Gosling Accountants. It changed its name to Turas Accountants four years ago under Helen’s leadership.
It now works with clients across the country covering VAT, company accounts, bookkeeping and payroll. It specialises in e-commerce, helping clients who have online businesses using marketplaces such as Amazon, eBay and Etsy.
To find out more about Turas Accountants click here.