This new infographic from Stay Sourced could give a shock to business owners this Christmas. Taken from a survey of UK business professionals, the infographic takes a look at the key areas businesses lose money at Christmas, and the results might spur business owners to do a little more planning before they stride head first into the festive period expecting uninterrupted profits. Let’s take a look at the 3 key areas that could cost businesses money this Christmas.
1) Christmas Parties
Love it or hate it, the annual Christmas party comes at a huge cost to UK businesses, clocking in at a total of £250million. This cost comes in part due to lack of planning, with the average business being unaware of the tax exemptions offered to UK businesses for annual occasions.
2) Corporate Gifts
Festive gifts for employees was the source of another large cost for businesses. Many businesses appear to be trying to save money in this area, with 78% of people not receiving a gift from their workplace. Whilst any attempt to save money is recommended, being a scrooge is perhaps not.
3) Workplace Downtime
With many businesses and companies shutting down for at least a small period over the festive...