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Major Payroll Challenges Faced by SMBs

Managing payroll is a task that demands a great deal of attention and even a minor error in its processing can result in significant monetary losses for a business. Further, compliance issues, employee regulations and frequent changes in the tax laws, make payroll processing a highly challenging procedure and it can become difficult for businesses to successfully navigate through it without any problems.

Below are some of the critical challenges that small and medium businesses face while processing payroll for their employees:

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