NJ CPA Firm Couto, DeFranco & Magone Releases Results of Business Pulse Survey

The 2009 Business Pulse survey, conducted by NJ CPA firm Couto, DeFranco & Magone, indicates that optimism is waning as businesses face increasingly challenging economic conditions.

West Orange, NJ (PRWEB) March 19, 2009 -- Nearly half of all respondents to the recently conducted Business Pulse Survey expect their organizations to be hit fairly hard if current economic conditions persist.

The survey, sponsored by NJ CPA firm (http://www.cdmcpas.com) Couto, DeFranco & Magone, set out to gauge the opinions of business owners and executives across a wide range of industries regarding the upcoming business climate for 2009.

Among the findings of the survey:

* Based on 2008 results, the outlook of 37.1% of respondents has remained unchanged for 2009, while 14.3% are more optimistic.

* 47% of respondents expect their organizations to be hit pretty hard if current economic conditions persist.

* Respondents pointed to factors such as rising fuel costs, slowdowns in the construction market, and cuts in business-to-business spending as significant market factors.

* Nearly 17% have sought out new advisors to assist with decision-making or cost-cutting measures.

To download a report with the complete survey results, visit www.cdmcpas.com.

Launched in 1992, NJ CPA firm (http://www.cdmcpas.com) Couto, DeFranco & Magone offers corporate tax planning and tax preparation, non-profit audits, cost certification services, and estate and tax planning to individuals, small businesses, privately held companies, non-profit organizations, religious and educational institutions, and professional services firms. Headquartered in West Orange, NJ, Couto, DeFranco & Magone also has offices in New York City. For more information, call 973- 325-3370 or visit www.cdmcpas.com.

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