Not much news here – small business is burdened with regulations … although numbers are good. Of course, it’s not clear by what method those numbers were arrived at.
(WASHINGTON) A new federal study released today shows Americaâ€™s smallest businesses spend 45 percent more per employee to comply with federal regulations than their larger competitors and are in desperate need of regulatory relief.
The study, released by the U.S. Small Business Administrationâ€™s Office of Advocacy this afternoon, found that small businesses with fewer than 20 employees annually spend $7,647 per employee to comply with federal regulations, compared with the $5,282 spent by firms with more than 500 employees. The compliance cost per employee for small manufacturers is at least double the compliance cost for medium-sized and large firms.