What Percentage of Business Expenses should be Payroll?…Part 2

Today…how to keep your payroll expenses under control. Your payroll expenses can make or break your business, so you have to keep them under control. One approach is to calculate them as a percentage of gross sales, but there's no one-size-fits-all rule for what that percentage should be. Some consultants recommend shooting for a 15 [...]

By |2019-08-19T08:33:43-04:00April 22nd, 2018|Business Tips|0 Comments

What Percentage of Business Expenses should be Payroll?

Payroll's percentage of a company's expense account often depends on the type of business or industry involved. For example, service industries typically have higher payroll costs. From an overall financial standpoint, businesses that pay out 20 to 30 percent of gross revenue in payroll expenses generally are doing OK. Payroll takes up a significant portion [...]

By |2019-08-19T08:34:09-04:00April 15th, 2018|Business Tips|0 Comments