The event, organised by Sage in Croydon recently, also looked into whether local business owners understood the new changes to PAYE
(PRWEB UK) 4 June 2013
It has been reported in HVP that the survey revealed some positive findings, with plumbers expected to see improved business prospects in 2013. 90% anticipate their business to grow by at least 15%. Plumbers also claimed that managing cash flow is their biggest challenge, with the pressure of staying on top of finances and dealing with administration close competitors.
The event, organised by Sage in Croydon recently, also looked into whether local business owners understood the new changes to PAYE. Coming into effect 6th April 2013, employers are now required to start providing PAYE, national insurance and student loan information to HMRC every single time they pay an employee. The survey revealed that overall knowledge of the initiative and its implications was somewhat split. Neilson Watts from Sage UK, explained that “It is worrying that so many tradesman seem to be unprepared for the payroll changes that are due to affect their businesses.”
Best known for their London emergency plumbers, the team at Emergency Plumber are best known for their fast and efficient service throughout the capital. The specialists are also extremely committed to researching the latest trends and developments within the industry. As such, the latest news caught their interest and a representative shares their thoughts on the matter.
“It’s good to see that the plumbing industry is not as badly hit as many industries during the economic downturn, with most companies predicting some form of growth. However, it is important that employers and business owners look into new changes such as those implicated by the HMRC to be sure they are meeting legal requirements.”
The team at Emergency Plumber continue to research and comment upon the latest industry news and updates.
Emergency plumber is an agency run by Martin Smith. With 18 years’ experience in the industry, his aim is to provide fast and efficient emergency plumbing engineers 24/7. The company operates within a wide range of areas in the UK including London, Plymouth, Reading, Coventry, Bolton, Manchester and Newcastle. With a database of over 300 emergency plumbers, the firm is currently the fastest growing plumbing company in the UK. Customers can also contact the team for information and advice on gas related problems.