The Difference Between Payroll Expense and Cost of Labor

The cost of labor is often the most significant expense a small business incurs. According to the US Department of Labor, it's only second to the price of a home.

Depending on the industry, labor expenses can range from 10% to 30% or even higher. Unless you monitor and modify your labor expenditures for your small business, they can quickly eat into your profits.

Simplified Payroll and Bookkeeping Services in Dallas!

With so many things to juggle, monitor and take responsibility for, it can surely put a strain on your shoulders.

At Simplified Payroll & Bookkeeping, we've discovered that keeping track of payroll costs is a challenge for some small-business owners.

In addition, many business owners have difficulty establishing the pricing of their items when it comes to labor and other costs.

This is why we want to take the time now to answer some of the most often asked questions small business owners have concerning payroll costs and labor prices.

If you don’t have the time, talents, or tools to handle your operation’s payroll duties, call Simplified Payroll and Bookkeeping at 737-931-1413.

For more inquiries, you may contact us at  737-931-1413  or email us at