You probably already knew this...
Created: 9/22/10 (Wed) | Topic: Education
A new report released by the Office of Advocacy of the U.S. Small Business Administration shows that small businesses, those with fewer than 20 employees, pay significantly more per employee to comply with federal regulations than large businesses, especially when it comes to environmental and tax compliance obligations.
The report shows that on a per-employee basis it costs small companies $2,830 more than larger companies to comply with government regulations. This represents a 36 percent difference.
Complying with environmental regulations costs small businesses 364 percent more than it costs larger businesses. The cost of tax compliance is 206 percent higher for small business than larger businesses.
The annual cost of all federal regulations in the United States increased to more than $1.75 trillion in 2008, according to the study.
To access the report, click here.