Business
1 in 4 UK SMEs expected to struggle to meet payroll by April 2022
The ACCA and CFN survey found many UK SMEs are at ‘breaking point’, as accountants believe that more than 1 in 5 (21%) UK small businesses will run out of cash in the next 12 months
More than 1 in 4 (26%) UK SMEs will struggle to meet rising payroll costs in April due to the incoming health and social care levy increase in National Insurance Contributions (NICs), as well as rising minimum wage rates, reveals a monthly SME Recovery Tracker from ACCA and The Corporate Finance Network (CFN).
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