New Survey Finds A Vast Majority Of U.S. Small Business Owners Want Tax Code Reform To Be A Priority For Congress And The White House
90% of small business owners surveyed believe the federal tax code needs reform; More than half believe that tax reform would be 'very helpful' to growing their business;
More than 63% of respondents say online sales tax is a concern to them and 55% believe online sales should not be taxed at all
BURLINGTON, Mass., April 13, 2015 /PRNewswire/ -- As millions of Americans prepare to file their taxes this week, small business owners across the United States are sounding the alarm and urging Congress and the White House to take action on reforming the federal tax code.
Endurance International Group (NASDAQ: EIGI) today released the results of its 2015 Small Business Attitudes on Taxes survey, which found that 90% of small business owners believe that the federal tax code needs reform, with 88% believing that tax code reform should be a priority for the 114th Congress and the White House. However, even if federal lawmakers take up the issue of tax reform, small business owners remain wary, with 88% believing that the federal government does not adequately take into account the impact on small businesses when considering reforms to the tax code.
The survey also found that tax reform could potentially have significant impact on the economy, with 52% of small businesses responding that reform to the tax code "would be very helpful to growing and expanding my business." Of those surveyed, 73% responded that federal levies are more concerning than state and local taxes.
"The survey results are clear: U.S. small businesses want tax code reform and they want our federal lawmakers to enact reforms that make small business growth a priority," said Endurance CEO and Founder Hari Ravichandran. "If we want to keep our economy moving, Congress and the White House need to address the concerns of U.S. small businesses. It starts with looking at ways to reform the tax code that enable small business owners to reinvest in expansion and hiring. These survey results should be an eye-opener for federal legislators as they come back from the April recess."
The small businesses surveyed, all of which have web presence solutions from Endurance, regard online sales tax as another important issue with 63% responding that it is a concern to them and 55% saying that online sales should not be taxed at all. 24% believe that online sales should be taxed, but only in the state where the business is located.
Endurance International Group is a leading technology provider of cloud-based platform solutions to help small and medium-sized businesses succeed online. Endurance, through its family of brands, supports more than 4.1 million subscribers globally.
Endurance conducted its survey of 827 U.S.-based small businesses from March 27 to April 7, 2015. For purposes of this survey, small businesses are defined as employing 10 or fewer people on either a full-time or part-time basis. Additional survey results can be found in the chart below and online here.
Survey Results
| Question Posed |
Responses |
|
Do you believe the federal tax code needs reform? |
Yes – 90% No – 10% |
| Reforming the tax code will: |
Be very helpful to growing and expanding my business – 52%
Be mildly helpful to growing and expanding my business – 33%
Have no impact on growing and expanding my business – 16% |
|
Do you feel the Federal government adequately |
Yes – 12% No – 88% |
|
Do you believe that tax code reform should be a priority for the 114th Congress and the White House? |
Yes – 88% No – 12% |
| What taxes concern you the most? |
Federal taxes – 73% State taxes – 19% Local taxes – 8% |
| Please rank in order what concerns you most about taxes for small business: |
1. Taxes for small business are too high 2. Tax rules for small businesses are too confusing 3. There are too many different types of taxes to keep track of |
| As a small business owner, how often do you think about taxes? |
I regularly spend time thinking about tax issues – 32% I occasionally think about tax issues – 48% I only think about taxes once per year, in April – 20% |
| Question Posed |
Responses |
|
Is the issue of online sales tax a concern to you? |
Yes – 63% No – 38% |
| Currently, some online sales in some states are |
Yes, the sale should be taxed, but only in the state where
Yes, the sale should be taxed, but only in the state where
Yes, the sale should be taxed in the state of business and
No, the sale should not be taxed at all – 55% |
|
Do you believe that there should be a special |
Yes – 79% No – 21% |
*Due to rounding, numbers may not add up to 100%.
About Endurance International Group
Endurance International Group (NASDAQ: EIGI) helps small and medium-sized business owners establish, manage and grow their businesses by harnessing the power and promise of the web. As a leading provider of cloud-based platform solutions to help small and medium-sized business owners succeed online, Endurance, through its family of brands – including Bluehost, HostGator, iPage, Domain.com, A Small Orange, MOJO Marketplace and ResellerClub – supports over 4.1 million subscribers and is able to tailor solutions for small businesses at every stage and level of sophistication. Endurance is headquartered in Burlington, Massachusetts, has a presence in Asia and the Americas, and employs over 2,500 people. For more information, visit endurance.com.
Endurance International Group and the compass logo are trademarks of The Endurance International Group, Inc. Other brand names of Endurance International Group are trademarks of The Endurance International Group, Inc. or its subsidiaries.
Press Contact:
Dani LaSalvia
Endurance International Group
(781) 852-3212
[email protected]
Photo - http://photos.prnewswire.com/prnh/20150413/198001-INFO
Logo - http://photos.prnewswire.com/prnh/20141007/150784
SOURCE Endurance International Group
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