Balboa Capital announced the results of its latest survey conducted to gauge small business owners’ familiarity with the Tax Cuts and Jobs Act (H.R.1) signed into law on December 22, 2017.
The survey results show that half of small business owners are not aware of this tax reform, or how it might affect their companies. The survey also reveals that seven in 10 business owners have investment plans in 2018. The survey was sent to a sample of small business owners in a variety of industries nationwide in January 2018.
“Staying up-to-date with the ever-changing tax laws can be challenging for small business owners,” said Carla Freberg, vendor services manager at Balboa Capital. “The results of our latest survey show that small business owners have different levels of awareness of the latest tax overhaul. That said, the overall outlook for 2018 is positive, and many small business owners believe the lower tax rates, and higher section 179 deduction limit, will enable them to invest in their companies with greater confidence.”
Key findings of Balboa Capital’s Tax Cuts and Jobs Act survey:
“The lower corporate tax rate and increased expensing limits and tax credits are presenting many small business owners with a great opportunity to invest in their companies. Balboa Capital is here to support them with our portfolio of quick, hassle-free financing solutions,” added Freberg.
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