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The good news is that business is terrific right now for the professionals who are paid to prepare tax returns. The bad news is that the tax code that ensures their success is weighing down an essential sector of job creation: small business.
Ninety-one percent of small-business owners surveyed recently by the National Federation of Independent Business reported that they simply can't navigate the twisted and tangled code; they are left with no choice but to shift the task to experts.
After three months of sustained growth, the March NFIB Index of Small Business Optimism ended its slow climb, declining 1.3 points and landing at 89.5. In the 44 months of economic expansion since the beginning of the recovery in July 2009, the Index has averaged 90.7, putting the March reading below the mean for this period. Of the ten Index components, two increased, two were unchanged and six declined. Among the greatest declines were labor market indicators, inventory investment plans and sales expectations.
Chief economist for the National Federation of Independent Business (NFIB) William C. Dunkelberg, issued the following statement on the February job numbers, based on NFIB's monthly economic survey released on Tuesday, March 12, 2013. The survey was conducted in January and reflects the responses of 870 sampled NFIB members:
Chief economist for the National Federation of Independent Business (NFIB) William C. Dunkelberg, issued the following statement on the January job numbers, based on NFIB's monthly economic survey that will be released February 12, 2013. The survey was conducted in January and reflects the responses of 2,033 sampled NFIB members:
"The first month of the New Year didn't provide much hope for the months that will follow, at least not on the job creation front, where the trend was positive, but ever-so-slight. For small employers, the average change in employment per firm increased to 0.09 workers, up from 0.03 workers in December. This is the second consecutive month with positive growth, and is sadly the best reading since April 2012. That's not saying much.
The Big Sky Business Journal
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