WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Revenue Wednesday, October 18, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


Tax Reform Uncertainty Now #1 Trump Administration Policy Concern For Small and Medium Business Owners
Wednesday, October 11, 2017

New Business.com survey shows that small and medium businesses owners are more worried about potential tax reform impact and ACA changes than they are about changes to NAFTA and DACA

NEW YORK, Oct. 11, 2017 /PRNewswire/ -- Of the many proposed Trump administration policy changes, new tax reform changes would have the biggest impact on small and medium business (SMB) owners, according to a new survey released today by Business.com of SMB owners nationwide.

Tax reform would have a greater impact than changes to the Affordable Care Act (ACA), The North American Free Trade Agreement (NAFTA), or the Deferred Action for Childhood Arrivals (DACA), survey respondents said.

Tax reform was the number one concern for 52% of SMB owners, with 46% saying they are holding off on making any big decisions on their business while tax change uncertainty is the air. Changes to ACA are a major concern of 74% of respondents, with 33% of respondents ranking it first and 41% ranking it second.

Other key findings include:

    --  49% of respondents see tax bracket change as their biggest tax reform
        concern, while 30% were more concerned with changes to deductions.
    --  More than 49% of SMB owners say the ACA has harmed their business, and
        70% believe its repeal would have a positive impact on the bottom line.
    --  SMB owners are less concerned with changes or a repeal to DACA and
        NAFTA.
        --  Only 14% of respondents currently take advantage of the free trade
            tenets of NAFTA, and the majority of those respondents are in the
            manufacturing industry.
        --  Only 8% of respondents say DACA has a strong impact on their
            budgeting, but 25% of respondents did say their customer base would
            be affected if DACA was repealed.

"Tax policies really impact the bottom line for SMBs, so these business owners are watching Washington closely to see how these reforms play out and what the timeline for implementation might be," says Doug Llewellyn, President and COO of Purch, which owns and operates the Business.com brand. "Businesses always find uncertainty challenging to navigate, especially tax uncertainly. That's why Business.com is giving SMBs up-to-date information and access to experts to help them navigate the uncharted tax landscape."

The Business.com survey ran September 25-29, 2017, with nearly 700 Business.com members across a variety of industries from around the country responding. For more information on the survey, please visit https://www.business.com/articles/tax-reform-biggest-concern-to-smbs/

To learn more about Purch and its owned and operated brands, please visit www.purch.com.

Purch is a digital publishing and marketplace platform uniquely positioned at the intersection of content, commerce and customer. By combining in-depth product reviews, comparisons, and services with industry leading publisher technology, Purch creates a seamless connection between intent-based buyers and sellers. The company generates more than $1billion annually in facilitated commerce through its tech, shopping, lifestyle and SMB brands, including Tom's Guide, Top Ten Reviews, ShopSavvy and Business.com. With more than 1,200 product categories, Purch is the #1source for buying advice for more than 100 million people each month.

View original content with multimedia:http://www.prnewswire.com/news-releases/tax-reform-uncertainty-now-1-trump-administration-policy-concern-for-small-and-medium-business-owners-300534530.html

SOURCE Purch



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav 10.3 million readers: TVA Publications continues its growth and holds leading position | Oct 18, 2017
Nav According to Accenture: Gen Z Consumers Visit Bank Branches More Often than Any Other Age Group, Including Baby Boomers | Oct 18, 2017
Nav Qualpay Bolsters Payment Platform with Addition of Recurring Billing and Account Updater | Oct 18, 2017
Nav Bridge2 Solutions Announces Game Changing Solution for Loyalty Industry: Introducing Loyalty Pay(TM) | Oct 17, 2017
Nav Digital Trends Unveils Winners of Annual Smart Home Awards: GE, Samsung and More | Oct 17, 2017
Nav Paladins Joins Up With EACL | Oct 17, 2017
Nav Great Place to Work® and FORTUNE Name REPAY One of 2017's Best Small & Medium Workplaces | Oct 17, 2017
Nav Purch Expands Leading Monetization and Yield Optimization Platform with Multi-Tiered Defenses to Battle Ad Fraud | Oct 17, 2017
Nav The Most Personalized Christian Children's Storybook Ever | Oct 17, 2017
Nav Barclays' US Consumer Business Trials Personal Financial Management Tool | Oct 17, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News