Benchmark: What Taxes You Most?
A look at what financial matters are most troubling to entrepreneurs.
Which financial matters are most troubling to entrepreneurs? A recent survey by Comprehensive Business Services, a national accounting and financial-services franchise, found that the managers of 400 small businesses (with revenues from $100,000 to $1 million) put insurance and taxes way ahead of other financial concerns, including the quest for funding. The financial issue and the percentage who ranked it a major concern:
Insurance 73%
Federal taxes 71%
State & local taxes 59%
Coping with current economic climate 55%
Workers' compensation 53%
Current interest rates 38%
Obtaining funds 36%
Accounting systems & requirements 32%
Source: Comprehensive Business Services, Carlsbad, Calif., September 1995.
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