Research commissioned by accounting software firm KashFlow showed that sole traders and micro businesses are spending 19 million hours every month, equivalent to 2.5 million working days, managing their finances with 50% lacking in confidence and a third stressing over the task. Around 15% of those surveyed said that managing their business finances was the thing they least enjoyed about being self-employed.
Among those who did not rate their financial management abilities highly and lacked confidence, or even left it to someone else to do, 43% said they feel frustrated with themselves and 54% are constantly worried that they have made a mistake.
At Ship Shape Pay we aim to help lighten the load and offer all workers using our payroll for 12 weeks a free, professionally prepared tax return designed to maximise their available allowances.
Please contact us on 0207 706 5200 with any questions.