Not too many small business owners we know have time to read the front page of the newspaper, let alone take the time to comprehend the 70,000 pages on the IRS tax code.
Yet, that is exactly what is expected of business owners, who in addition to making sure their companies stay competitive must also make sure they are in compliance on tax issues.
In today's Roll Call, the chair of the House Small Business Committe, Representative Sam Graves (R-Mo.), pointed out the burden on small businesses due to the complexity of the tax code.
"[U]nlike larger corporations, small firms often lack the resources to hire expensive accountants or legal assistance," he writes in an op-ed piece for the . "In fact, studies have shown that the average compliance cost per employee for small businesses is almost twice the per-employee cost for the average large firm."