Managing cash flow was cited as the biggest challenge, alongside financial pressure and dealing with administration.
(PRWEB UK) 5 June 2013
The article Plumbers Feeling Positive for 2013, published in HVP revealed that 90% of respondents expect to see improved business prospects in 2013, with the majority expecting their business to grow by at least 15% in the coming year. Managing cash flow was cited as the biggest challenge, alongside financial pressure and dealing with administration.
The event also focussed on local business knowledge and understanding over the recent changes to PAYE which came into effect 6th April. A split in understanding was demonstrated, with only half aware of its implications. Worryingly, none of the residents knew what the reporting requirements were for firms with less than 50 employees.
The changes require employers to provide information regarding PAYE, national insurance and student loans every time they pay an employee, as opposed to just at the end of the year.
Renowned for their Leytonstone plumbers, the team at We Fix Now take a strong interest in the development of the industry and were pleased to see a positive outlook for the majority of companies. A representative from the company shares their thoughts on the news.
“It’s encouraging to see such a high percentage of respondents expecting growth in 2013. Although it is clear a higher level of understanding is needed when it comes to new PAYE changes.”
We Fix Now is a London-based company providing emergency plumbers and electricians throughout the M25 and surrounding counties. Renowned for their fast and effective service, the firm also specialise in unblocking drains, fixing central heating and boilers and sorting problems with gas. With a strong focus on customer service, We Fix Now prides itself on providing fully qualified and experienced engineers day and night, every day of the year.