With $110 billion in annual payroll, SMB IT businesses often find themselves diverting needed resources away from core business – restricting growth and innovation. Reducing the financial burden on these firms via tax reform would promote additional growth and opportunities.
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Keys to Reducing Financial Tax Burdens on SMBs
1. Keys to Reducing
Financial Tax Burdens on SMBs
Sources: CompTIA Whitepaper, Smart Tax Reforms for the IT Industry
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With $110 billion in annual payroll, SMB IT businesses often find themselves diverting needed
resources away from core business – restricting growth and innovation. Reducing the financial
burden on these firms via tax reform would promote additional growth and opportunities.
48% of IT execs say U.S. tax policy
is too complex and burdensome.
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Simplify the tax code. Reduce the tax burden on
the SMB IT industry.
Incentivize growth and innovation.
In the emerging regime of interstate taxation,
IT and tech industries can be unfairly impacted.
Protect SMB IT from new interstate
tax compliance burdens.
67%of IT services firms pay taxes at individual rates as
a sole proprietor or pass-through entity, so lowering the
corporate tax rates will not directly benefit these businesses.
The current business equipment
expensing limitation of $500k/year
will drop to just $25k/year after 2013.
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$500,000
Limit
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$25,000
Limit