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Small firms unprepared for disruption

Most SME owners are not prepared for the risk of disruption to their business, a report from the Federation of Small Businesses (FSB) claims.

The data shows that almost two-thirds (65%) of small businesses and the self-employed have no plans to cope with threats to their business operations or supply chains.

The biggest potential risk, according to 51% of small business owners, is customers who fail to pay for services or goods.

Second to this is the impact of losing key members of staff, with 37% of firms identifying this risk.
The research highlighted other common risks to business operations, including:

  • cybercrime (17%)
  • transport problems (15%)
  • severe weather (13%).

Mike Cherry, chairman of the FSB, recommended that businesses should implement continuity plans to assess and mitigate these threats.

Cherry said:

"The costs businesses face when their supply chains are impacted can be severe and therefore we stress the importance of planning for the future.

"Given the likelihood that an enterprise will encounter some sort of business interruption issue more than once in their life, it is key that firms are encouraged to consider all risks they could face."

Speak to us about your business.

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

*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.