How To Lower The Cost Of Compliance

A new study prepared for the Small Business Administration indicates that complying with Federal regulations cost U.S. businesses $497 billion last year. The study, entitled "The Impact of Regulatory Costs on Small Firms" also revealed that compliance with Federal regulations cost small firms with fewer than 20 employees $7,000 per employee annually, compared with approximately $4,400 per employee for larger firms. Since there is no relief in sight with respect to the regulatory burden, managers of small firms must review their practices to insure that they are utilizing the most sophisticated electronic techniques in complying with Federal regulatory requirements in order to keep costs under control. We'll be glad to discuss this matter in greater detail.

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