Ministers pledge to cut business paperwork that’s ‘longer than The Hobbit’

The government has promised that new reforms to corporate reporting regulations will save companies more than £450 million a year. Simpler paperwork for SMEs and exempting more businesses from audits will be introduced, the Department for Business, Innovation, Science and Trade said. With average annual reports and accounts of some businesses running to 98,000 words, […] The post Ministers pledge to cut business paperwork that’s ‘longer than The Hobbit’ appeared first on SME Magazine.