By HBM
 

The cost of paperwork and record-keeping for America's small business owners is an estimated $48.72 per hour, according to a recent National Federation of Independent Business (NFIB) National Small-Business Poll, "Paperwork and Record-Keeping.”
According to Senior Research Fellow Denny Dennis, of the NFIB Research Foundation, small business owners “spend significant amounts of money and personal time to keep up with paperwork demands, despite the positive impact computerization has had on record-keeping."
 

The NFIB poll reveals that the per-hour cost of paperwork changes dramatically by subject matter — from $74.24 per hour for tax-related to $36.20 per hour for maintenance. Computerization continues to play an important role in reducing paperwork time and cost, but the typical small business owner tends to use a blend of electronic and paper record keeping methods. Less than 10 percent of the small business owners surveyed use paper exclusively, but only a handful use only electronic means. The types of records most frequently completed and maintained on paper are licenses and permits. HBM
 

Source: www.NFIB.com