NIC hike hits businesses

One in four UK SMEs will struggle to meet rising payroll costs in April due to the rise in National Insurance and wages reveals research from the Association of Chartered Certified Accountants (ACCA)

The findings from ACCA and the Corporate Finance Network (CFN) SME Recovery Tracker found that 26% of SMEs will struggle to meet the costs of payroll come April with the figure rising to 40% for businesses based in Wales.

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