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by lajosAnalyze every expense including payroll. Remember that payroll includes wages, federal, state, and local taxes as well as worker’s compensation taxes, and department of labor taxes. Did your payroll expenses rise from the prior year? Normally they do because of wage increases or bonuses; however, did your sales volume warrant the increase? If sales volumes were down, set a goal for sales employees to reach to achieve bonuses or wage increases..
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