30% of Small Businesses Think They’re Overpaying on Taxes
smallbiztrends | September 04, 2018
The complexities of the US tax code are notorious, so it shouldn’t come as a surprise when a new Clutch survey indicates 30% of small businesses think they are overpaying.Even though close to a third of businesses believe they are paying more than their share of taxes, 95% said they are confident about the accuracy of their financial records. This contradiction further highlights the challenges small businesses face when it comes to finance and taxes.In addition to some revealing insights, Clutch is also providing four tips so small businesses can better manage their finances in 2018.When a business manages it finances improperly, it affects the overall operations of the organizations. Everything from growth to hiring the best talent can be hindered if a company can’t clearly see its financial status. For small businesses operating with limited resources, the consequences are more consequential.