As of early June 2025, small businesses across the UK are increasingly turning to their accountants for support as they face mounting financial pressures. A new report from the Office for National Statistics (ONS) reveals that record inflation, rising energy bills, and growing tax burdens are pushing many SMEs to seek expert advice.
🔍 Key Highlights
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- 77% of businesses with 10+ employees reported increased staffing costs over the past 3 months.
- 55% reported wage increases in April 2025 compared to March.
- 33% experienced recruitment difficulties, with nearly half citing a lack of qualified applicants.
- 12% reported being impacted by U.S. tariffs, adding to financial strain.
These findings are based on the latest ONS Business Insights and Conditions Survey (BICS), published on 5 June 2025.
🤝 Accountants as Strategic Partners
In response to these challenges, many SMEs are no longer viewing accountants as just number-crunchers. Instead, they’re turning to them for:
- 📊 Cash flow forecasting
- 🧮 Tax planning
- 🧠 Scenario modelling
- 💼 Business strategy advice
“Accountants are no longer just number-crunchers—they’re becoming essential business advisors,” the report notes.
✅ What This Means for You
If you’re feeling the pressure of rising costs or uncertain about your financial future, now is the time to act. We’re here to help you:
- Streamline your finances
- Plan ahead with confidence
- Make informed decisions that protect your business