Small Business Week, which began May 1, is the occasion marked by the U.S. Small Business Administration to recognize the contributions of companies like mine.
That’s fine as far as it goes. Who doesn’t like being recognized? What small businesses need even more than recognition for their contributions, however, is recognition of the conditions they need to succeed.
All employers are sensitive to tax and regulatory changes that occur quickly and voluminously, but small businesses usually lack the capacity to stay on top of changes, let alone adjust easily. They don’t have dedicated compliance staff to manage Oregon’s ever-shifting regulatory regime. Many don’t have in-house finance departments capable of negotiating a complex tax code further muddied by the steady addition of local, regional and city taxes.
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