Accounting & Taxes for Small Business
Small businesses spend an excessive amount of time each year on accounting and taxes, according to a recent article by Accounting Today. The small business mentoring organization, SCORE, compiled the key statistics, which include:
– 40% of small business owners said the worst part of owning a business is accounting and taxes.
– 40% of business owners spend at least 80 hours a year on accounting.
– 31% of small business owners spend a minimum of $500 per month on payroll fees.
For more findings from Accounting Today, and the complete article, click here.
Stay up to date on the latest PEX news!
Thank you, you're now subscribed!
Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).