September, 2016

5 Compliance Mistakes That Can Ruin Your Startup

Starting a small business or a startup is riddled with rules and regulations, with paperwork and deadlines. Especially if this is your first time starting a business, there are many aspects to it that can cost you time, money and even your sleep.

From employment contracts to safety regulations or small business surety bonds, all of these can result in compliance mistakes if you're not careful. Here is a list of 5 common compliance mistakes for you to watch out for when starting your own business.

Avoiding the Payroll Headache

Creating a successful business takes more than a good idea. It also requires you to pay attention to a variety of details. One such detail that you can't ignore is doing payroll properly. If you make even a single mistake, it could anger your employees or draw the attention of state and federal tax agencies.

Don't Do Payroll By Hand