Red tape stifles SME owners

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 Red tape stifles SME owners

More than two-thirds of SME owners say the amount of business administration they have to deal with distracts them from running their company. A report by the FSB reveals owners are spending an estimated 33 hours - or four days - a month on form-filling and similar tasks. Beyond the owners themselves, 70 hours of employees" time is spent on compliance and red tape.

Source: The Daily Telegraph

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