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Tax Compliance Costs 67% Higher for Small Businesses

WASHINGTON, April 7, 2020 /PRNewswire/ -- Small business owners are growing more pessimistic about taxes, and report little impact from the 2017 Tax Cuts and Jobs Act, according to data gathered by SCORE, mentors to America's small businesses. Data shows that most small business owners spend more than $1,000–and more than 20 hours–preparing their federal taxes.

Small business owners are feeling more pessimistic about taxes:

(PRNewsfoto/SCORE)

(PRNewsfoto/SCORE)

 

  • 35% of small business owners surveyed in Q2 2019 expect tax policy changes to have a negative impact, up 12% from Q2 2018.

Small business

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SCORE Launches Coronavirus (COVID-19) Small Business Resource Center

WASHINGTON, March 26, 2020 /PRNewswire/ -- In response to the Coronavirus (COVID-19) pandemic, SCORE, the nation's largest network of volunteer, expert business mentors, has launched the Coronavirus Small Business Resource Center, a central hub of up-to-date information and best practices for small business resilience at this time. The completely free resource center includes financial support resources, live and on-demand educational content and access to remote mentoring.

"We understand that this is a very unsettling and uncertain time for small business owners, which is why it's critical

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Prepared York . Com

In effort to assist York County navigate the COVID-19 pandemic, along with assistance from a bevy of government, civic, and community partners www.PreparedYork.com is now live.

This site is a compilation of information to assist businesses, non-profits, and employees with resources and information. This is an unprecedented and incredibly dynamic scenario. It is our goal to continue to populate this site with information; however, for direct information on COVID-19, we direct you to CDC, PA Department of Health, or other healthcare agencies and organizations.

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SCORE Launches Women's Business Resource Center

WASHINGTON, March 12, 2020 /PRNewswire/ -- In honor of Women's History Month, SCORE, the nation's largest network of volunteer, expert business mentors, is pleased to announce the launch of the Women's Resource Center, an innovative, state of the art content hub designed to support and inspire women small business owners at every stage of their business. The free resource center provides on-demand content, women-centered networking opportunities and the revolutionary Startup Roadmap.

"We know that women are starting businesses faster than the national average, and we want to ensure they

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Small Businesses with Diverse Workforces Perform Better Financially; Make Better Decisions
WASHINGTON, Feb. 11, 2020 /PRNewswire/ -- Small businesses with a diverse workforce are more innovative and financially successful, according to data gathered by SCORE, the nation's largest network of volunteer, expert business mentors. Data shows that businesses with more diverse management have 19% higher revenue and are more likely to outperform non-diverse businesses.
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SCORE Launches Startup Roadmap to Help Entrepreneurs Reach Success

WASHINGTON, Jan. 30, 2020 /PRNewswire/ -- SCORE, the nation's largest network of volunteer, expert business mentors, is pleased to announce the launch of the SCORE Startup Roadmap, a revolutionary, on-demand online course designed to help new entrepreneurs achieve their small business goals. The free Startup Roadmap includes a step-by-step outline of the proven steps, tasks and resources needed to help small business owners reach success, avoid pitfalls, and make the most of their journey.

"The tough challenges that face today's entrepreneurs include finding and keeping new customers

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SCORE SEMA Client Pizzaiolo Opens for Business in Raynham!

After many long months of planning and preparation, owner Sal Sanfilippo and his team had the Grand Opening of Raynham's newest eatery on January 13, 2020. The owner has been a SCORE client since May of 2019 and SCORE is pleased to have been of assistance.  We wish them great success!

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Small Business Owners Anticipate Economic Downturn in 2020; Prepare for Potential Challenges

WASHINGTON, Jan. 9, 2020 /PRNewswire/ -- Small business owners feel only "somewhat prepared" for a potential economic downturn, according to new data gathered by SCORE, mentors to America's small businesses. Data shows that the U.S. economy is strong, but slowing; and, while 75% of small business owners rated their company's cash flow as "good" or "very good" in 2019, 67% of small business owners anticipate an economic downturn or recession in the next 12 months.

Most small business owners feel only "somewhat" financially prepared for a potential economic downturn:

 

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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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