I'm sure this is universal but I'm looking at this from a UK perspective.
We all hear about how small businesses power the economy, but I personally find running a small business so difficult that I'm honestly thinking about just chucking it in the bin.
I understand there needs to be a process, and the government being the government, this process will always tend towards being more complicated than it needs to be. However I find the whole thing SO complicated and also extremely demotivating.
SongBox has revenues of about £600 a month just now and it's almost all profit. Lets say £500 is profit. That's a substantial amount to me. However after corporation tax and personal tax, I get to keep less than half of that. Then there is the expense (in both time AND actual money) that goes into filing returns, doing the other companies house stuff etc.
I guess what I'm saying is that until your business is doing "real" money then very small businesses should be given a bit of a break; there should be easier processes and lower levels of tax at the start. I think this would really motivate more people to get into it and keep going with it.
Maybe its just me, I find all the HMRC and Companies House stuff super stressful.