{"id":111160,"date":"2023-05-19t00:00:03","date_gmt":"2023-05-19t04:00:03","guid":{"rendered":"\/\/www.g005e.com\/?p=111160"},"modified":"2024-08-27t17:02:23","modified_gmt":"2024-08-27t21:02:23","slug":"tax-season-survey-of-main-street-accountants-raises-alarms-for-small-business-clients","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/05\/19\/tax-season-survey-of-main-street-accountants-raises-alarms-for-small-business-clients\/","title":{"rendered":"accountants raise alarms on small business outlook"},"content":{"rendered":"

the avalara accountants confidence report points to difficulties ahead for small businesses to access capital, increase profits, raise revenues, hire new employees, and control costs.<\/strong><\/p>\n

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looking ahead 12-18 months, accountants expect increasingly acute hardships, led by problems in accessing fresh capital, hiring, and managing labor costs. but new technology and automation could help cushion the pain for some.<\/strong><\/figcaption><\/figure>\n
\"https:\/\/cpa.click\/smb23outlook\"<\/a>
click to download<\/strong> (pdf 19 pages)<\/a><\/span><\/figcaption><\/figure>\n

avalara, inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, released a new survey of over 500 main street accountants representing more than 100,000 small businesses.<\/p>\n

survey responses revealed that looming economic headwinds could create challenges for small businesses in the next 12\u201318 months. the survey, conducted during the 2023 tax season, shows that accountants believe small businesses will face challenges in accessing fresh capital, increasing profits, managing payroll costs, weathering supply chain difficulties, and hiring new staff.<\/p>\n

get the instant download here:<\/strong>
\nthe avalara accountants confidence report<\/a><\/span><\/h3>\n

the 2023 avalara accountants confidence report, produced in conjunction with 卡塔尔世界杯常规比赛时间, queried trusted advisors with clear insights into the financial health of small business clients. the report measures accountants\u2019 attitudes and outlook on a variety of pressing issues, leading with sentiment on the health of small business clients, and providing a read on the national economy and the state of smaller accounting practices. accountants were surveyed as they combed through business clients\u2019 financials and prepared their tax returns.<\/p>\n

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small businesses heading into uncharted territory\u00a0<\/strong><\/p>\n

the survey was conducted from march through april against a backdrop of continued high inflation, stock and bond market woes, heightened interest rates, a looming recession, tightening credit, and a bourgeoning banking crisis.<\/p>\n

when asked how 2023 to date compared to 2022 for small business clients, 39% of accountants noted \u201cmuch\u201d or \u201csomewhat better,\u201d while 45% reported \u201cabout the same.\u201d but trusted advisor sentiment changed significantly when asked how the economy would shape up for small business clients over the next 12\u201318 months, with 61% indicating \u201cmuch\u201d or \u201csomewhat worse.\u201d<\/p>\n

digging deeper into key drivers of growth and profitability, the survey looked at how economic conditions will affect the ability of small businesses to:<\/p>\n