London, UK (PRWEB) September 16, 2008
The luck may have run out for high-profile companies such as Excel Airways and US banking giant Lehman Brothers, but many struggling small businesses and sole traders in the UK could still survive the oncoming recession - all they need is some good business sense and top quality bookkeeping, says the director of self assessment software company SamsTax.
Now that the credit crunch is really digging its heels in, there's no doubt that things are going to get worse before they get better for the majority of British businesspeople. Recent forecasts warn of a probable winter recession, while a survey of British workers revealed that many are now experiencing sleepless nights over financial concerns.
Worrying so much that you miss out on sleep may not be an effective way of safeguarding your livelihood. On the other hand it is also a very bad idea for business people to ignore the problems they are facing, according to financial experts.
Robert Sherwood, managing director of self assessment software website SamsTax, believes that for business people who are struggling in the current economic climate, the most important thing is to face up to reality.
'I've spoken to a number of people who are finding the credit crunch a major strain on their businesses,' he said.
'The main difference I have witnessed is between those who keep even tighter control over their finances and those who take an ostrich-like approach with their heads in the sand - trying to pretend it's not happening.
'It's not hard to figure out which ones are going to come out of this with their businesses still thriving.'
When it comes to keeping a watchful eye on their finances, self-employed and small business people could find what they're looking for in Sherwood's online service.
'SamsTax self assessment software is designed for people who don't necessarily have much know-how in terms of keeping accounts, but nevertheless want to make sure they have everything in order', said Sherwood.
'There's no need to hire an expensive accountant and income and expenditure can be tracked easily on a day-to-day basis - a reassuring measure for anyone who wants to keep track of their business.'
About the Company:
SamsTax is a self assessment software to help self employed and small business people keep track of their income and expenditure with ease throughout the year.
When the time comes to fill in the annual self assessment tax return, SamsTax makes it simple, painless and fast, without the added cost of bookkeepers or accountants.
For more information or to sign up for a one month free trial, visit the SamsTax website at http://www.samstax.co.uk/