Sage Small Business Snapshot: Strong Majority of Small Business
Owners Are Worried About Fiscal Cliff
Worries About the Fiscal Cliff Top Concerns About Taxes and
ATLANTA, GA -- (Marketwire) -- 12/12/12 -- Sage North America today
announced the results of a small business owner snapshot survey that
found most small business owners are very concerned over the outcome
of fiscal cliff negotiations (70 percent) facing the Obama
Administration and Congress. The survey showed that following the
fiscal cliff, small business owners are most concerned about taxes,
followed closely by government spending.
When asked about their support for ending the Bush-era tax cuts for
couples making over $250,000, the majority of respondents favored a
different approach, with 58 percent saying they would like lower tax
rates while limiting deductions. When asked how their businesses have
performed in 2012, 85 percent responded fair, good or very good.
However, 48 percent say that their outlook for 2013 is now worse than
it was before the election.
"Now that the election is over, one thing is very clear. Small
business owners, like many Americans, are concerned about the fiscal
cliff negotiations. The uncertainty related to the fiscal cliff has
the potential of impeding economic growth, particularly among small
businesses, and as an advocate for them we are very concerned. The
lingering uncertainty around tax rates could continue to have a
chilling effect on the economy and small businesses alike," said
Connie Certusi, executive vice president and general manager at small
business accounting solutions for Sage North America. "Small business
owners are resilient, but uncertainty is the enemy of growth.
Consequently, small business owners are counting on swift resolution
to the fiscal cliff."
The survey was conducted among 238 small business owners during the
14-day period from Tuesday, November 13 through Monday, November 26.
The margin of error is +/- 6% with a confidence level of 95 percent.
The full report can be accessed here, along with an infographic.
Sage is a leading global supplier of business management
software and services for small and midsized businesses. The Sage
Group plc, formed in 1981, was floated on the London Stock Exchange
in 1989 and now employs more than 13,500 people and supports more
than 6 million customers worldwide. For more information about Sage
in North America, please visit the company website at NA.Sage.com.
Follow Sage North America on Facebook, Facebook.com/SageNorthAmerica,
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Sage North America
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