Almost a quarter of business owners ‘won’t be home for christmas,’ study suggests

Almost a quarter (24 per cent) of UK small business owners will have to work on Christmas Day this year in order to keep on top of their work commitments, a new study has revealed.

The research, which was carried out by Ultimate Finance, sadly suggests that many small and medium-sized enterprise (SME) owners will be burdened by tax and administrative responsibilities over the festive season.

It found that 80 per cent of SME decision-makers are grappling with a poor work/life balance, while almost half have already skipped a partner or relative’s birthday this year due to their mounting work commitments.

24 per cent are expecting to work overtime on Christmas Day, while a similar number of respondents told the survey that working through Christmas had already become ‘the norm’ for them.

Steve Noble, ‎Chief Operating Officer at Ultimate Finance, suggested that SMEs needed to seek specialist advice and assistance in order to reduce their administrative workload over the festive season.

“Christmas is an important time of year for many reasons, not least that it is one of the few times when there is potential for the majority of people in Britain to relax with family and friends,” he said.

“This is particularly important for SMEs who often work extremely long and lonely hours,” he added.  

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