Small companies are browsing on a wave of optimism a few new tax reform regulation. A brand new survey performed via Proper Networks unearths that 70% of small and medium-sized companies are very assured and fairly assured about this yr’s trade alternatives.

Small companies are constructive about tax cuts

On the middle of this optimism lies the brand new regulation on tax reform and employment. Just about 37% stated it might have a good have an effect on on trade. 40 % of small and medium-sized companies surveyed rated taxes as the largest regulatory barrier.

The most important problem

The most important problem was once conserving shoppers and successful new trade. Greater than 44% of respondents rated this as their most sensible worry for 2018. Getting and conserving the correct skill (19%) and extending well being care prices (18%) was once 2nd and 3rd at the checklist.

The cloud is anticipated to gas enlargement within the new yr, consistent with the survey. A complete of 75% of respondents say they’re already the usage of a cloud-based accounting software or plan to put into effect one in 2018. Relating to cloud garage, 57% stated they use it. or plan this yr.

Running remotely

This similar share of respondents reported operating remotely day by day. A smaller quantity (21%) reported that they labored clear of a central location a number of occasions a month.

Knowledge safety

Knowledge safety for small and medium-sized companies stays a most sensible precedence on the morning time of the brand new yr. Just about 34% known information safety and privateness as the #1 era problem they confronted in 2018. Smaller percentages of respondents had been serious about managing workflow disruptions and staying abreast of the newest technological inventions. .

The survey sampled 365 small and medium-sized companies and accountants. Proper Networks supplies cloud-based accounting and trade answers to CPA firms, small companies, and accounting pros.

Photograph by means of Shutterstock


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