A major Yorkshire accountancy and business advisory firm has warned SMEs could face ‘an Autumn cashflow crisis’ if they don’t prepare properly for key October tax deadlines.
Many businesses face three key payment deadlines in October: Corporation Tax (01/10), VAT returns (07/10) and PAYE Settlement Agreement (19/10 postal payments, 22/10 for electronic and online payments).
With high costs piling pressure on firms, Azets has warned they could face problems with cashflow and with HMRC if they don’t have the funds to pay their bills or don’t take the time to look at how they could pay them.
Azets has three offices in Yorkshire, in Leeds, Bradford an