PayNet: Small Businesses Concerned with Regulations, Taxes
The latest Thomson Reuters/PayNet Small Business Lending Index indicated that now the election is decided, the small business sector is most concerned with the impact of regulations, the affordable healthcare law and higher taxes.
According to PayNet, small businesses have far less options for dealing with new policies because they lack the expertise, deep pockets and don’t operate overseas. Some sectors will deal with them better than others. Some geographic regions of the U.S. will see higher business failures than others.
Highlights of the index include:
The U.S. economy is on the cusp of becoming a hotspot of growth.
Business wants stability because knowing the ground rules make all the difference.
Small business investment is poised to ignite economic growth.
Investment at 10% increases is the long-term average.
Muted risk taking dampens economic growth.
New industry leadership needed.
Small business borrowing activity rebounded from last month’s dip.
Financial health of small businesses remains high.