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Gusto Launches Business Compliance Solution

In a significant move for small businesses, Gusto, a prominent partner for small enterprises, recently announced the launch of its new service, Gusto Business Compliance. This innovative solution is designed to automate the registration, filing, and monitoring of state and local compliance obligations that arise when businesses grow, especially when hiring employees in different states.

Meeting Compliance Challenges

For many small business owners, compliance can seem overwhelming. In a recent survey, it was revealed that half of these entrepreneurs feel they are spending excessive amounts of time and money on compliance issues, which in turn can hinder growth. Notably, 75% of them identified filing federal, state, and local taxes as their most time-consuming compliance task.

Understanding this pain point, Gusto has created a proactive platform where compliance hurdles can be managed efficiently. By leveraging the visibility gained from managing payroll and HR services, Gusto’s Business Compliance can handle new requirements that often go unnoticed by small business owners.

Alex Kehayias, Head of Gusto Business Compliance, emphasized, "Small business owners shouldn't have to become compliance experts. We built Gusto Business Compliance to help handle the paperwork, registrations, and filings required by states and local agencies, so they don’t have to." This approach not only alleviates stress but also allows business owners to concentrate on scaling their companies.

Features of Gusto Business Compliance

Gusto Business Compliance comes equipped with a range of essential features:

• - State Tax Registration: Automatically registers businesses with the necessary state and local agencies when hiring employees in a new state.
• - Annual Report Filing: Takes care of mandatory annual report filings needed to maintain good standing.
• - Government Mail Monitoring: Monitors and resolves compliance mail from local agencies, including tax notices and tax rate changes.
• - Registered Agent Services: Appoints a designated agent in each state for receiving legal correspondence.
• - Foreign Qualification: Facilitates the legal operation of businesses in other states by registering them appropriately.
• - Proactive Compliance Alerts: Provides alerts on upcoming compliance deadlines and new obligations, ensuring that key tasks are completed on time.
• - Compliance Concierge Team: Offers access to a team of experts who are ready to assist, particularly during critical phases such as entering new states.

Complementary Services

In addition to introducing Business Compliance, Gusto also launched Gusto HR Partners and Gusto Professional Employer Organization (PEO) to further support small businesses. Gusto HR Partners connects business owners with senior HR experts who can navigate complex HR requirements without the need for a full-time HR hire. Conversely, Gusto PEO assumes much of the daily responsibilities associated with payroll, benefits, and HR compliance, allowing businesses to leverage the advantages typically reserved for larger companies.

Chris Rupp, Founder and Managing Partner of Red Shark Digital, shared his experience: "With Business Compliance, you get 100% confidence that you are doing the right thing, having the peace of mind that it's being taken care of properly and things are getting paid and filed correctly."

Availability and Impact

Gusto Business Compliance is now available to all existing Gusto customers, ensuring that small business owners can take immediate advantage of this service. This development represents an important step towards easing the compliance burden on small businesses, allowing them to focus on what truly matters: their growth.

To explore more about Gusto Business Compliance, visit Gusto's website. Gusto is committed to empowering over 500,000 small businesses across the U.S. by providing essential tools and support to help them thrive in today’s complex regulatory environment.