Clearview North September 2014 - Issue 154 | Page 37

INDUSTRYNEWS

Cost of compliance continues
to rises for small firms, says FPB
Despite continued government promises
to reduce the amount of time and money
spent on keeping up to speed on regulation
changes, the average micro, small and
medium-sized employer in 2014 has seen
an above inflationary rise of £713 in their
annual compliance bill.
That’s according to research by the Forum
of Private Business (FSB) which puts the
total cost of compliance at more than £19.2
billion