New Web Site is One-Stop Business Resource For Federal Compliance Requirements
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Business owners and managers now have a one-stop resource—www.business.gov
—for a variety of compliance and other information from more than a score of U.S. government agencies that regulate or serve business.
The site, part of the federal government's "Business Gateway Initiative," is designed to make it easier to find information on taxes, immigration laws, workplace safety, environmental requirements and other regulations that can present challenges for small and mid-sized business, according to the U.S. Small Business Administration (SBA).
SBA manages the site in partnership with 21 other federal agencies. The site will direct businesses to the best sources, reduce compliance barriers and help avoid costly mistakes, an SBA statement added.
"The end goal of Business.gov is to cut through the red tape and make it easier for businesses to do business," said SBA Administrator Steven C. Preston. "This Web site will help streamline access to information and reduce federal compliance barriers to helping businesses save time and money."
Firms with fewer than 500 employees represent 99.7% of all businesses. These firms spend 45% more per employee than larger companies to comply with federal regulations, including taxes and environmental requirements, according to the SBA.