Common Pitfalls in Statutory Compliance and How to Avoid Them

Legal requirements are the foundation for good business practices. It involves compliance with different labor and tax laws to prevent violation of employees’ and organizational legal responsibilities. Nevertheless, managing statutory compliance is always a difficult task; many pitfalls exist that may eventually result in penalties, legal actions, and damage to reputation for businesses. The following is a description of these pitfalls and how to effectively avoid them while at it.

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