Role of Accounting in Business Success
We all know that small businesses are a huge part of the US economy but why these businesses are failing. According to stats and news in US 70-80% businesses failed in their very first year.
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Reasons Why You Should Hire an Outsourced Payroll Company
Hiring new employees is a thrilling breakthrough for any small business. But staying ahead of the payroll process can be puzzling and arduous as it involves hundreds of ever-changing tax regulations and guidelines for proper classification of employees that are subject to fine if you fail to comply with these rules and guidelines. According to researchers, 40% of small business owners make expensive payroll mistakes every year due to lack of knowledge, time and budget.
Most Common Payroll Tax Mistakes That Small Businesses Should Avoid
Managing and organizing your payroll is a very time-consuming and challenging task. Employees are the primary source to grow the business, and you pay your employees for their work. Sometimes, you can make a mistake during filing business payroll taxes, which can result in heavy losses. So you should be aware of common payroll mistakes.