How Much Does Payroll Cost for Small Businesses?
Small business owners often face challenges setting up a payroll system, particularly if accounting isn’t their strength. It can lead to errors, late payments, or compliance issues. There are some factors that influence the choice of the right payroll system for a business, such as; Accurate payroll is important because incorrect tax filings can lead to penalties, fines, and legal implications for the business. Thus, it impacts its financial stability and reputation.