RTI 'Needless' Say SMEs

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."

 

Posted by Gary Wilson Wednesday, September 18, 2013 12:53:00 PM Categories: News RTI

Comments

 
7 + 6 =  
Let Us Help You
1Let Us Call You


 
2Call or Email Us
payroll@salarysolutions.co.uk
01226 233 812
3Find Us
Salary Solutions Ltd
12 Victoria Road
Barnsley
S70 2BB
Copyright © 2013 - 2017 Salary Solutions Ltd
All rights reserved worldwide
Site Logo   Site Logo