Small Businesses Fret the Finances


What keeps small business owners up at night? The things they can’t control, according to a study by the National Federation of Independent Business, sponsored by Wells Fargo.

The Small Business Problems and Priorities survey, based on responses from 3,530 small business owners, asked respondents to rate each of 75 possible business problems on a scale of 1 to 7 with 1 being "critical" and 7 being "not a problem."

Half of the top 10 problems worrying small business owners were costs, such as health care and energy. The remaining top 10 problems fall under tax, such as federal taxes on business income, property tax (real, inventory or personal property), tax complexity, and state taxes on business income.

The cost of health insurance continued its 20-year run as the No. 1 problem, with more than 55% of respondents saying it was "critical."

Source: National Federation of Independent Business, www.nfib.com.

 

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.