With the impending Employer NI increase, pressure to balance the books has never been greater

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With the recent announcement in the Autumn Budget of the increase in employers' National Insurance contributions, many smaller businesses across the UK are grappling with the likely impact. Reports indicate that a quarter of UK small companies are considering cutting jobs as a way to manage this additional financial burden. For many, this poses a painful dilemma—how to balance the books while maintaining your workforce.

At GSM we understand the weight of these decisions. It's not just about numbers; it's about people, livelihoods and the long-term vision for your business. Our mission is to help you get through these difficult times with confidence, finding tailored solutions to protect both your personnel and your bottom line.

The first step in making informed decisions is understanding the specific impact the NI increase will have on your payroll costs. This means examining your current financial position, forecasting future cash flow and identifying where pressures might arise. Our expert accountants can help you model these scenarios to provide clarity and guide your next steps.

While cutting jobs may seem like a quick solution, it's crucial to weigh the long-term effects. Reducing staff can lead to skill gaps, reduced morale and even higher recruitment costs in the future.

No business owner wants to make tough decisions alone. So, at GSM we're here to help.

If you feel the pressure mounting for the imminent Employer NI increase, let's talk about how we can work to relieve that. Contact us today on 020 7935 37930 for a free no-obligation meeting to take the first step toward securing your business's future.