Small Business Owners Mixed on Tax Cuts

By Staff Writer January 21, 2019 293

A survey of small business owners by finance provider Quickbridge finds 83 percent of business owners expect their business sales to increase over the next year.

The fourth quarter survey data assessed small business owners’ expectations for business growth and the U.S. economy in 2019.

Optimism is high, with 83 percent of respondents expressing confidence in an increase in sales.

New tax laws received mixed reviews, with 49 percent of respondents expecting no impact, 35 percent predicting their tax burden will be reduced, and 16 percent expect their taxes to increase.

A third of respondents believe that securing capital will be their biggest challenge, with growth, increasing profits, and hiring employees averaging 20 percent each.

Expansion is cited as main reason for seeking financing.

 

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Last modified on Tuesday, 29 January 2019 18:47