Processing payroll can be a time-consuming task for small-business owners, who spend nearly five hours each pay period calculating, filing, and remitting taxes.
At the end of the day, about 65% of employers said they would rather outsource payroll, even though 80% said they were the most qualified to manage their company’s finances, Intuit QuickBooks said in a recent survey.
The survey of 1,006 U.S. employers, conducted in November for Intuit Inc. by the consulting firm Kelton Global, found that 63% never realized how much time they spent on payroll taxes. Additionally, 82% of business owners said they reviewed ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.