VAT and tax changes giving SMEs headaches

The VAT rise and other demands being made of the accounts department are causing a headache for smaller firms struggling to keep on top of things. According to a survey from accounting software vendor Accountz the state of the SME market is one that throws up opportunities for resellers but headach


The VAT rise and other demands being made of the accounts department are causing a headache for smaller firms struggling to keep on top of things.

According to a survey from accounting software vendor Accountz the state of the SME market is one that throws up opportunities for resellers but headaches for users.

The result is that small firms recognise they have to deal with accounting changes but want to do so without running up serious costs.

"For a lot of SMEs and small business owners, the effects of the financial crisis are still being felt. It doesn't surprise me that when it comes to any sort of investment caution still remains and that people are very wary regarding how their money is being spent," said Quentin Pain, chairman and founder of Accountz.

"For the channel this leads to one outcome - pressure on margin as a result of a highly price sensitive end user community.  However this research also threw up one very important point. For many end users - 45% of the sample - brand is not the top consideration when looking for an accounting application," he added.

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