| • |
Labor accounting
and reporting costs |
| • |
Human resources
administration costs |
| • |
Payroll
administration costs |
| • |
Cost and time to
administer and manage programs such as medical
plans, dental plans, long-term disability,
accidental death and dismemberment life
insurance, vision plan, 401(K), employee
assistance programs, and flexible spending
accounts |
| • |
The Internal Revenue Service fines 4 out of 10 small business owners an average of $845 per year due to payroll related errors |
| • |
The IRS has over 420 tax law changes a year...the federal and state government agencies make it an easier choice for business owners |
| • |
Forbes magazine estimates that the Payroll and HR outsourcing industry will continue to grow 15-20% a year |
| • |
Fortune magazine states that professional employment organizations help small business owners “manage the small stuff” |