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