Tag Archives: Payroll

Top Financial Issues SMBs Continue to Face and How to Fix Them

Financial-Issues-SMBs

Countless unexpected issues can pop up for SMB owners that create seemingly overwhelming challenges – many of them financial in origin. The most common issues faced by SMBs are: maintaining a positive cash flow, not getting accurate reconciliation reports on a monthly basis, and securing funding for the company’s growth. Fortunately, SMBs can easily manage these issues through with a solid financial process and reporting.

In this blog, we’ll talk about the 3 biggest financial issues that SMBs face, as well as tips to help them manage these issues.

 

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Top 3 Common Payroll Compliance Errors made by SMBs

Payroll-Compliance

SMB owners are often so focused on growing their business that they neglect an important issue – payroll compliance. From payroll and benefits to hiring processes, employee relations and risk and safety, SMBs must adhere to regulations or else run the risk of being penalized. According to the Department of Labor, a massive 80% of employers have some degree of non-compliance with wage-hour laws and the wage and hour division collected more than $266 million in back wages for more than 280,000 employees in 2016

In this blog, we will highlight the top 3 common payroll compliance errors made by SMBs

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