The SurePayroll Small Business Scorecard®
56% paid more this year than last year. Coming off tax season, the majority of small business owners reported paying more in taxes. However, only 45% saw an increase in revenue compared to the previous year, according to the April 2016 SurePayroll Small Business Scorecard®.
For those that did see an increase in revenue, 68% said it made up for the increase in tax payments.
• 56% paid more in taxes than the previous year.
• 52% said they do not believe they’re taxed fairly.
A plurality (42%) of small business owners, meanwhile, said that the bigger issue is not paying taxes, but figuring out the complexities and changes in the tax code.
• 26% said taxes do not hurt their business.
• 32% said taxes make it difficult to succeed.
“The frustrating thing we hear from small business owners is that they’re not able to budget properly for taxes, because it’s too hard to figure out what they’re going to have to pay,” said SurePayroll General Manager Andy Roe. “When you pay more than last year and make less, it leaves you scratching your head.”
About SurePayroll
SurePayroll is the trusted provider of easy online payroll services to small businesses nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers’ compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com. Follow us on Twitter – Circle us on Google+ – Connect with us on LinkedIn – Like us on Facebook.
About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 40 years of industry expertise, Paychex serves approximately 590,000 payroll clients across 100 locations and pays one out of every 15 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.
