Business owners name three top challenges.
By CPA Trendlines Research
Small, private businesses are the bedrock of the American economy.
- There are more than 33 million of them in the country.
- They constitute 99.9 percent of American businesses.
- They employ over 60 million people.
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- They account for over 62 percent of net jobs created since 1995.
- They generate a third of export value.
- They are a bountiful source of innovation.
They also make up the majority of the clientele of CPA firms, most of which are themselves small, private businesses. But a small, private business isn’t just another client. Each is a bundle of opportunity. They all need more than tax preparation. They need advice. They need planning. They need governance. They need experience. Sometimes they even need a little family therapy.
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