PR Newswire
MCLEAN, Va., April 5, 2018
MCLEAN, Va., April 5, 2018 /PRNewswire/ -- Small business owners remain optimistic about current and future business conditions despite having uncertainty around the impact of the Tax Cuts and Job Act that was signed into law in late 2017. Capital One's (NYSE: COF) latest Small Business Growth Index, a biannual survey of 500 small business owners (SBOs), found that 52 percent of businesses expect to pay the same or more in taxes and only 36 percent believe their taxes will decrease in 2018.
"Small business confidence continues to rise with more than half of small business owners expecting a profitable 2018," shared Celia Edwards Karam, head of small business banking at Capital One. "As such, we're seeing many small business leaders and entrepreneurs focus on industry challenges such as taxes, technology and diversity."
Following are key themes uncovered by the Spring 2018 Small Business Growth Index:
SBOs supporting the tax plan expect to reinvest the savings into their business.
Optimism among SBOs remains high, with significant increases among male SBOs; however, hiring remains flat.
Nearly half of small businesses believe a diverse workforce will lead to future profitability.
Kurzfristig positionieren in Capital One Financial | ||
HS3P7V
| Ask: 2,04 | Hebel: 6,29 |
mit moderatem Hebel |
Zum Produkt
| |
Forty percent of SBOs are concerned about technology replacing jobs, yet those investing in technology are more likely to hire.
"When it comes to running a business, small business owners face many of the same challenges as leaders in larger organizations – from building a diverse workforce to navigating the tax landscape – yet they tackle these challenges with fewer resources," said Buck Stinson, head of small business card at Capital One. "We are encouraged to see that business owners remain optimistic about their financial futures and we are committed to providing innovative products to fuel continued business growth."
Survey Methodology
Capital One's Spring 2018 Small Business Growth Index Survey was conducted by the market research and business intelligence firm ORC International. For this telephone study, ORC interviewed a national sample of 500 for-profit small businesses in the U.S. Small businesses are defined as those with a total annual revenue less than $10 million. Interviews were conducted from February 1-14, 2018. One respondent per business was interviewed. The margin of error is +/- 4.38 percentage points at a 95% confidence level.
About Capital One Spark Business
Capital One® offers a broad spectrum of financial products and services to consumers, small businesses, and commercial clients. Spark Business® from Capital One offers a diverse suite of financial products, tools and services designed specifically for small businesses, including credit cards with unlimited rewards, banking products and services, in addition to retirement plans. Today, Spark Business works to address the unique needs of millions of business owners across the U.S., so they can focus on what they are most passionate about – running and growing their business. Spark Business provides tips, resources and inspiration to help businesses thrive at www.CapitalOne.com/Small-Business/SparkIQ.
View original content with multimedia:http://www.prnewswire.com/news-releases/small-business-owners-unsure-of-tax-reform-benefits-300624172.html
SOURCE Capital One Financial Corporation
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.