Small firms shunning outside financing. — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
According to a new survey by SurePayroll, 81% of small business owners say they’ve never received outside equity or debt financing. More than half (55%) of respondents say they have no need and no plans for external funding. For businesses that tapped into outside capital, debt financing was the most popular, followed by equity financing or a combination of both.
The IRS says too many employers misunderstand which fringe benefits are taxable and how they should be reported for payroll purposes. That's resulted in a major tax gap, the IRS says. And the agency is on a mission to get that money back from you!...Click here to find out more.