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Directors positive about UK economy

Business leaders' optimism about the UK economy has turned positive for the first time in almost a year, a survey by the Institute of Directors (IoD) shows.

The IoD polled 693 company directors and found that confidence in the economy reached 1% in March 2018, having been reported in negative figures every month since May 2017.

Directors' optimism about their own companies was much higher, at 47%, and had risen by 11% over the same period.

This upturn follows several months of low economic confidence since March 2017, when Article 50 was triggered and the UK began negotiations for its withdrawal from the EU.

For the first time since that date, the UK's uncertain trading status with the EU is no longer among business leaders' top 3 concerns.

Instead, company directors reported that the following factors had the worst impact on their organisation:

  • UK economic conditions (47%)
  • skills shortages or employee skills gaps (42%)
  • compliance with government regulation (42%).

Tej Parikh, senior economist at the IoD, said:

"While directors' economic confidence has edged into positive territory, there's still plenty keeping them on the fence.

"Positivity has been held back by rising labour shortages and the burden of complying with government regulations, and this should remind us that Brexit isn't the only game in town."

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Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.