What is the most significant challenge pertaining to payroll that small businesses face?
A)Availability of payroll-trained personnel.
B)Availability of accounting resources.
C)Accessibility of free on-site payroll software.
D)Accessibility of on-site payroll guidance.

Question

Quizplus · Accepted Answer

The most significant challenge pertaining to payroll that small businesses face is the availability of payroll-trained personnel. Small businesses often have limited resources and cannot afford to hire specialized staff for various functions, including payroll processing. This can lead to errors or non-compliance with payroll regulations, which can result in penalties and legal consequences. Therefore, small businesses must invest in training their employees or outsourcing payroll services to overcome this challenge. The other options mentioned in the question, i.e., availability of accounting resources, accessibility of free on-site payroll software, and accessibility of on-site payroll guidance, can also be significant challenges for small businesses, but they are not as critical as having trained personnel for payroll processing.

What Is the Most Significant Challenge Pertaining to Payroll That