Are Small Business Regulations Really Increasing?

These days, it seems like there are regulations for everything, and small-business owners can easily be overwhelmed trying to stay on top of each rule to stay compliant. They’re time consuming, expensive, confusing, and they cause a lot of headaches. But are there really more regulations now than there were five or ten years ago?

What Small-Business Owners Think

Research from the 2017 NSBA Small Business Regulations Survey reveals that 81 percent of business owners think that regulations have increased in the past five years.

It turns out they are right, regulations are growing fast. In fact, in the past 10 years, federal regulations have increased every year. The total number of pages in the Code of Federal Regulations is currently at 178,277 pages, according to George Washington University.

On top of that, in the past eight years, regulators have implemented 600 major rules (ones that impose costs of more than $100 million). That equals 81 major rules per year, or a new rule every three work days, according to the Chamber of Commerce of the United States.

Although these rules are steadily increasing, it’s clear that business owners are not completely sold on the regulations they are forced to comply with. 60 percent of those surveyed believe that most of the regulations in their industry are not necessary, which shows that small-business owners don’t see the point in having to stay compliant with so many regulations.

Which Regulations are Causing Trouble?

As regulations grow, expand, and cause more confusion, there are some that stand out and pose more trouble than the rest. Here are some of the biggest regulations plaguing small-business owners today:

  • Affordable Care Act
  • Federal Tax Code
  • Overtime Rules
  • EPA Clean Water Rule
  • Carbon Emission Rule
  • Paid Sick Leave
  • Reporting Pay Data by Gender and Race
  • Independent Contractor Test

Today, it is more expensive and more challenging to stay complaint than it has ever been before. As regulations increase and become more complex, it’s even more essential to stay informed and up to date on all the changes, so that your business is compliant in all aspects.

To get a clear picture of just how much regulations have increased in the last century, click on the image below.

Are the increasing regulations weighing down your productivity?

Are regulations increasing

 

James Campbell

James Campbell is a Regional Sales Manager for Aureon HR. By removing administrative obstacles, he allows growing companies to focus on what they do best. With the use of tailored technology and HR solutions, his clients operate their businesses more efficiently and cost effectively.

Published

April 28, 2017

Posted by

James Campbell

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