Many small businesses are yet to see any benefit from Real Time Information (RTI), with a third deeming it "needless", a survey has found.
The poll of 2,000 small and medium enterprises (SMEs) by HW Fisher reveals that six months of getting to grips with RTI has left a significant number with negative experiences.
The accounting firm found that a quarter (23%) of respondents described RTI as "frustrating", while 31% thought the reforms were "needless" and almost half (46%) had enountered problems or were still trying to address those issues.
While nearly a third (31%) of the SMEs said their view of RTI was positive, 39% of those polled admitted it had increased costs for their business with the majority (61%) seeing a rise of up to 5%.
Toby Ryland, a partner at HW Fisher & Company, said: "It's clear from our research that the move to RTI has caused many small businesses difficulties, during a time when they would have preferred to have been fully focused on the very rough trading environment faced by most firms."