Office Depot, Inc. Small Business Index Finds Majority of Small Business Owners Are Not Using Tax Software
March 06 2017 - 9:00AM
Business Wire
Nearly Three-fourths of Small Business Owners
Did Not Use Tax Software in 2016
Office Depot, Inc. (NASDAQ:ODP), the leading global
provider of office products, services, and solutions revealed in
its latest Small Business Index survey that approximately
three-fourths (70 percent) of small business owners (SMBs)
indicated they did not use tax software when they filed their taxes
in 2016. The survey results also showed that one in four (24
percent) of large SMBs (those with 50-99 employees) still use paper
forms compared to the 20 percent that reported they were using
online tax software.
“With the availability of tax software at office supply stores
like Office Depot and OfficeMax and the variety and ease of use of
tax software available today, such as TurboTax or H&R Block,
SMBs should strongly consider transitioning to tax software,” said
Christine Nessen, senior director of contract marketing for Office
Depot, Inc. “Tax software can provide SMB owners with the
flexibility to file their taxes at their own pace.”
One in every 10 SMBs (11 percent) waited to file their taxes on
Tax Day or asked for an extension. The survey results also revealed
that 21 percent of SMBs indicated that they were looking to use
more technology and/or use less paper while filing their taxes in
2017, out of the 61 percent who indicated that they were looking to
make changes in how they filed their taxes this year.
“Owners of businesses large and small should aim to start
organizing their paperwork at least one to two months before Tax
Day so they don’t feel the stress of filing last minute or asking
for an extension,” said Nessen. “Office Depot has a variety of
products to help SMBs organize their paperwork, shred sensitive
documents and file their taxes.”
With tax season approaching rapidly, Office Depot and OfficeMax
stores are the one-stop shop for all tax-related needs, for both
SMBs and consumers. With a variety of services ranging from tax
software, to shredding and copying services, to small business
experts, Office Depot and OfficeMax stores have everything SMBs
need to successfully file their taxes.
Survey Methodology/Sample Qualifications
Interviews are conducted online among a nationally
representative sample of small and medium-sized businesses. The
wave of interviewing was conducted from October 15 – December 30,
2016 among a total of 1,500 small and medium-sized businesses.
For more SMB resources and tax tips visit Office Depot’s Ideas
Center at officedepot.com/cm/collections/ideas.
About Office Depot, Inc.
Office Depot, Inc. is a leading global provider of products,
services, and solutions for every workplace – whether your
workplace is an office, home, school or car.
The company had annual sales of approximately $11 billion,
employed approximately 38,000 associates, and served consumers and
businesses in North America and abroad with approximately 1,400
retail stores, award-winning e-commerce sites and a dedicated
business-to-business sales organization – with a global network of
wholly owned operations, franchisees, licensees and alliance
partners. The company operates under several banner brands
including Office Depot, OfficeMax and Grand & Toy. The
company’s portfolio of exclusive product brands include TUL, Foray,
Brenton Studio, Ativa, WorkPro, Realspace and HighMark.
Office Depot, Inc.’s common stock is listed on the NASDAQ Global
Select Market under the symbol “ODP.”
All trademarks, service marks and trade names of Office Depot,
Inc. and OfficeMax Incorporated used herein are trademarks or
registered trademarks of Office Depot, Inc. and OfficeMax
Incorporated, respectively. Any other product or company names
mentioned herein are the trademarks of their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170306005047/en/
Office Depot, Inc.Julianne Embry,
561-438-1451Julianne.embry@officedepot.comorAPCO
WorldwideLauren O’Leary,
646-556-9323loleary@apcoworldwide.com
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