Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us


Ten Tax Stats for Procrastinating Small Business Owners

Most small business owners pay taxes to the federal government all year round, but April 15 is still a big deadline for millions of business owners. For procrastinators still preparing your filings, here are some numbers that may or may not make you feel better:

• 26 million: Unique visitors to last month, more traffic than to any other government site. (Take that,

• 46 percent: The share of small business owners who don’t work with an accountant, according to a GoDaddy survey.

• 80 hours: Forty percent of small business owners spent at least that much time dealing with federal taxes last year, according to the National Small Business Association.

• 106,776: The number of very small businesses that were audited last year. (To be precise, these are nonfarm businesses that reported less than $25,000 in gross receipts and didn’t claim the earned income tax credit.)

• $5,500: What auditors demanded, on average, from those businesses in additional taxes.

• $4.5 billion. The amount of IRS penalties handed down last year that related to payroll taxes

• $4.1 million: Colorado’s estimated take from taxes on medical and recreational pot sales in February.

• $257.6 million: License fees that the Washington state Liquor Control Board collected in the year ended June 2013 after privatizing its liquor store system.

• $670 million: How much California is spending over five years on technology to boost revenue by collecting unpaid taxes.

• $10 billion. California’s estimated “tax gap,” the difference between what people and businesses owe and what the state collects.

Clark is a reporter for Bloomberg Businessweek.

blog comments powered by Disqus