Small Business Shuns Outside Financing


Small Business Shuns Outside Financing
E ighty-one percent of small business owners said they have never received outside equity or debt financing, according to a survey by SurePayroll. More than half (55%) of respondents said they had no need and no future plans for external funding.

For those businesses that tapped outside capital, debt financing was most popular, with 40% financing growth through debt and only 29% using equity financing. The remaining respondents obtained a combination of the two.

Source: www.surepayroll.com .

JOB SECURITY

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.