PayCycle Survey Finds Federal Taxes Most Important Domestic Policy Issue for Small Business Employers

Over 69 percent Prefer a Tax Cut for Employees over a Rebate Check to Stimulate Economy; 90 percent Are Interested in Political Issues

Palo Alto, CA (PRWEB) September 8, 2008

PayCycle, Inc., America's #1 online payroll service, today released the results of a proprietary survey of small business employers designed to indicate which current domestic policy issue is of most importance to this critical segment of the nation's economy.

The results show that 28 percent of small business employers believe federal taxes are the most important domestic policy issue, with oil and fuel issues coming in at a close second with 24 percent. Lagging behind, at 15 and 14 percent, respectively, are housing and credit issues and inflation. State and local taxes are only considered "most important" by 11 percent of respondents.

When it comes to employee-related issues, over half of small business owners (54 percent) are most concerned with costs related to healthcare programs and 25 percent are most concerned about costs relating to social security taxes.

And, when it comes to stimulating the economy, 69 percent of small business employers prefer a tax cut for employees to rebate checks.

Small Business Employers Voice Interest in Political Issues
With almost 5 million small businesses employing 1-100 people (U.S. Census Bureau, 2004), these employers are very much the backbone of the U.S. economy. This survey reaffirms that these employers are not content to sit on the political sidelines, with an overwhelming majority, 90 percent, indicating that they are either "very interested" or "somewhat interested" in politics and policy issues.

"We've known all along that small business owners are very involved in their local economy and policy issues," observed Jim Heeger, President and CEO, PayCycle, Inc. "What surprised us is that small business owners are now voicing common opinions on what matters to them on a national level. They are deeply concerned about issues that relate to them such as federal taxes, health care costs and social security expenses."

The survey, conducted between August 28 and September 3, 2008, compiled responses from 269 small businesses randomly selected from PayCycle's broad, national base of more than 75,000 small business customers.

PayCycle also announced today that it is the winner of the prestigious PC Magazine's Editors' Choice Award for small business online payroll. PayCycle® online payroll service provides an easy-to-use, affordable electronic service for all payroll-related tasks from payday to e-filing of taxes and forms. Please see the related press release for more detail.

About PayCycle
PayCycle is America's #1 online payroll service, serving more than 75,000 small businesses. PayCycle provides an easy-to-use, innovative, efficient service for small businesses, backed by outstanding customer support. PayCycle also powers payroll services for leading financial institutions including Capital One and PNC Bank, and provides client payroll services through many of the nation's accounting professionals. PayCycle's service integrates with leading accounting programs such as QuickBooks®, Quicken®, Peachtree®, Microsoft® Money. PayCycle's unique "Do-It-With-YouSM" (DIWYSM) technology platform guides customers through the entire payroll process from paycheck to W-2 forms. Visit http://www.paycycle.com for a free trial of the service.

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