Right now they're saying that they need simple tax cuts, not more provisions that don't seem relevant. Not only does the administration seem to be out of touch with the small business market, but Obama's team needs to reconsider their communications strategy, as those who may be interested in taking advantage of the provisions don't know how to.
Glenview, IL (PRWEB) March 25, 2009
A survey conducted this month by online payroll service SurePayroll found that three out of four small business owners say they would rather see the government enact simple tax cuts than the recent stimulus initiatives created to stimulate the small business economy.
The majority state that the stimulus initiatives are the wrong way to approach improving things, indicating that President Obama has not convinced small business owners that his administration understands the real triggers behind jump-starting the small business economy.
Most business owners don't believe the provisions apply to them, and even if they did, they don't know how they would take advantage of them. That explains why more than 60% rated Washington, D.C. as failing to help the small business economy with the recent stimulus provisions, giving the administration a four or below on a scale of one to 10 (one being not at all effective and 10 being most effective for helping spur small business growth).
"Small businesses employ an estimated 59 million members of the U.S. workforce, so the administration would be wise to listen to what they are saying," says SurePayroll President Michael Alter. "Right now they're saying that they need simple tax cuts, not more provisions that don't seem relevant. Not only does the administration seem to be out of touch with the small business market, but Obama's team needs to reconsider their communications strategy, as those who may be interested in taking advantage of the provisions don't know how to."
Small business owners voiced their concern over specific initiatives outlined in the stimulus package and say the government should do the following if they really want to help small businesses:
-Determine better ways to stimulate the small business economy. More than 64% of survey participants indicated that none of the recently enacted stimulus provisions for small business would apply to their small business.
-Communicate how SMBs can take advantage of obtaining loans/capital as a result of the stimulus plan. While some businesses could benefit from the stimulus plan, an overwhelming 72% majority said they would have no idea how to apply for or access loans/capital as a result of the recent small business stimulus initiatives.
-Implement small business tax cuts. Three out of four small business owners find the idea of a tax cut preferable to anything in the stimulus package for small business.
"The government is trying to help small business, but they're headed in the wrong direction," says Alter. "Now it will just depend on whether or not they choose to listen to this valuable feedback from small business owners."
Voted Editor's Choice for best payroll service by PC Magazine, a Top 100 Product by Accounting Today and winner of the Stevie Award for eCommerce Customer Service Team of the Year, SurePayroll is America's largest full-service online payroll service and honoree of the Inc. 500 Fastest Growing Businesses award two years in a row.
SurePayroll is passionate about small businesses and their payroll. The company is dedicated to providing an extremely friendly and simple payroll experience -- at a price small business owners can afford.
In addition to its payroll and ClickFREE(TM) tax file and pay service -- which allows a user to complete the entire payroll process in minutes -- SurePayroll offers a suite of online services designed specifically for small business, including HR and compliance resources, 401(k) retirement solutions, health insurance and workers' compensation products.
SurePayroll also offers a private-label and co-branded payroll service to accountants and banking partners to offer payroll processing to their small business clients.
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