Lost sleep has a cost in American workplace productivity estimated at more than $63 billion, according to one study, with between 50 and 70 million Americans experiencing sleep difficulties that leave them with lingering effects on the job.
The problem is not limited to any particular type of worker but may be particularly troublesome among business owners, whose reports of sleepless nights spent worrying over their business issues have spawned their own category of sleep disorder: entrepreneur’s insomnia.
For all of the satisfaction that may come from starting and running your own business, many entrepreneurs pay a price in the wee hours when they are still mentally running their businesses while they should be sleeping.
While there’s no shortage of advice, gadgets, or services built around the promise of a good night’s sleep, it still eludes many adults on a regular basis.
It's the Good Advice That You Just Don't Take
It may be that we’re just not very good at following the most widely recommended advice for falling and staying asleep, like turning off our cell phones and limiting caffeine, alcohol and large meals close to bedtime. We’d prefer something like magic sheets, a pill with no side effects, or some sort of space age, push-button mattress technology. Where are you NASA?
In the meantime, however, it’s worth reviewing some of the
never gonna happen good habits that sleep experts say can help. Many of the practices recommended by the Mayo Clinic are related to consistency:
- Go to bed and get up at the same time, even on weekends
- Get regular exercise
- Use your bedroom only for sleep and romance
- Create a bedtime ritual like taking a warm bath, reading, or listening to soothing music
- Get your multistate payroll tax worries under control
Okay. That last one was ours. And while we do not claim to be sleep experts, we do know a lot about what keeps payroll providers and business owners up at night. At the top of the list? Multistate payroll tax compliance.
Multistate Payroll Tax Compliance You Don't Have to Think About at 3 a.m.
Managing multistate payroll taxes is no easy undertaking in the light of day. Unfortunately for those in growing businesses, it can be a problem that pops into consciousness demanding resolution at 3 a.m.
It is enough of a challenge to keep track of payroll taxes in your home state. But when your workers cross state lines, the challenges multiply. There are more than 11,000 taxing jurisdictions in the United States, with different deposit frequencies, payment schedules, tax forms and filing requirements. And all of them subject to updates and revisions.
Download Our Sample Multistate Payroll Guide and Whitepaper
At Payroll Tax Management, we have deep expertise and a range of solutions for managing multistate payroll tax headaches. Our software clients have access to a multistate payroll tax guide that tracks all pay and file requirements for every state where they have employees. Our service clients can rely on us to ensure their multistate compliance no matter how many jurisdictions they operate in.
To learn more about best practices for managing your multistate payroll tax compliance, download our whitepaper on Multistate Payroll Tax Management and learn more about the requirements that vary from state to state and how to determine where taxes are paid when employees live and work in different states, or whose work takes them across state lines. From athletes and entertainers to truck drivers and healthcare workers, an increasingly mobile workforce creates an increasingly complicated landscape for tax compliance.
Call or click on the link below to learn more about how the experts at Payroll Tax Management can help relieve your multistate payroll tax insomnia.
Our clients sleep even better with additional solutions offered through our sister company, Time Rack.