ROCHESTER, N.Y., Dec. 1, 2017 /PRNewswire/ -- According to
the latest Paychex Small Business Survey, business owners on Main
Street are nearly split on whether or not federal tax reform would
benefit their business. The new study, conducted in late
November 2017 by Paychex, Inc., a
leading provider of integrated human capital management solutions
for payroll, HR, retirement, and insurance services, revealed 53
percent of small business owners feel tax reform would not benefit
their business, while 47 percent indicate that it would be a good
thing for their business.
"Tax reform is an issue that touches millions of American
individuals and business owners, but not all small businesses are
impacted in the same way," said Martin Mucci, Paychex president and
CEO. "As lawmakers continue to debate what the future of a federal
tax overhaul might look like, our research revealed small business
owners seem to have different levels of interest given the impacts
of tax reform on their specific business."
Of those small business owners who indicated federal tax reform
would benefit their business (47%), 86% acknowledged it will help
their business increase profits. Respondents cited several other
benefits, including:
- It will allow me to invest in more resources such as equipment,
technology, etc. (79% agree)
- It will save me time (67% agree)
- It will allow me to increase wages (65% agree)
- It will allow me to hire more staff (57% agree)
- It will even the playing field with my competitors (57%
agree)
- It will allow me to add more locations (47% agree)
"It's encouraging to see that several of the major benefits
cited by the small business owners in our survey sample – namely
investing in resources, increasing wages, and hiring more staff –
could generate positive economic growth," Mucci added.
For the latest news on tax reform and other regulatory issues
impacting today's small business community, visit
www.paychex.com/WORX.
About the Paychex Small Business Snapshot
The Paychex
Small Business Survey was administered by Bredin, a third-party
research firm specializing in small business. The survey was
conducted online between November 17,
2017 and November 23, 2017 and
polled 307 principals of U.S. companies with 1-500 employees. The
group surveyed was not exclusively Paychex clients, but included
other small business owners to provide a full view of the small
business landscape.
Disclaimer: The data cited in this news release
represents the opinions of the survey respondents and not those of
Paychex or its employees.
About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a
leading provider of integrated human capital management solutions
for payroll, HR, retirement, and insurance services. By combining
its innovative software-as-a-service technology and mobility
platform with dedicated, personal service, Paychex empowers small-
and medium-sized business owners to focus on the growth and
management of their business. Backed by 45 years of industry
expertise, Paychex serves approximately 605,000 payroll clients as
of May 31, 2017, across more than 100
locations and pays one out of every 12 American private sector
employees. Learn more about Paychex by visiting www.paychex.com,
and stay connected on Twitter and LinkedIn.
Media Contact
Tracy
Volkmann
Paychex, Inc.
585-387-6705
tvolkmann@paychex.com
@PaychexNews
Tess Alberts
Eric Mower + Associates
716-880-1488
talberts@mower.com
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SOURCE Paychex, Inc.