Subj : SMBs are fretting about rising costs ahead of a difficult year
To   : All
From : TechnologyDaily
Date : Tue Jun 10 2025 09:30:09

SMBs are fretting about rising costs ahead of a difficult year

Date:
Tue, 10 Jun 2025 08:28:28 +0000

Description:
Rising costs across the board leave SMBs concerned about the future.

FULL STORY
======================================================================UK SMBs 
are worried about rising costs, survey finds Cash flow challenges and global 
economic issues are also a concern Having more insight and control can be 
key, Intuit QuickBooks says 

Small businesses are becoming increasingly worried that rising costs will 
lead to unwelcome pressure as they look to grow and prosper. 

New research from accounting software giant Intuit QuickBooks claims over 
half (57%) of UK SMBs are predicting rising costs in coming months. 

Of these, nearly two-thirds (64%) said they are concerned about the effect 
these increases will have on their business, with nearly half (47%) reporting 
cash flow challenges. SMB worries 

The data, contained in Intuit QuickBooks latest Quarterly Small Business 
Insights Survey, looks to highlight a number of challenges facing SMBs in the 
face of mounting financial and business pressure. 

Just under half (42%) said they source from overseas, meaning they are more 
exposed to global cost pressures, and just over half (51%) say poor financial 
or resource management is holding their business back. 

To help deal with the pressures, Intuit QuickBooks perhaps unsurprisingly 
recommends urgent adoption of smarter financial management processes. The 
findings highlight a stark need for better financial planning, and financial 
guidance to help businesses navigate ongoing headwinds. 

SMBs may not be able to control global markets, but they can control their 
finances and be better prepared for changes," noted Pauline Green, Head of 
International Compliance at Intuit. 

"In the face of rising costs, supply chain pressures, and economic 
uncertainty, robust financial planning procedures play a vital role in 
helping businesses stay on the front foot. You might also like Solve some 
worries with the best invoicing software We've also rounded up our pick of 
the best tax software around And these are the best expense tracker app 
choices we've found



======================================================================
Link to news story:
https://www.techradar.com/pro/smbs-are-fretting-about-rising-costs-ahead-of-a-
difficult-year


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