Survey Finds Tax Savings Aimed At Hiring and Wage Increases

摘要

Small and independent business owners overwhelmingly believe the recently passed Tax Cuts and Jobs Act will have a positive effect on their businesses, and have plans in place to invest in hiring and increase employee compensation, according to a recent survey conducted by the National Federation of Independent Business (NFIB). The survey provides a baseline reading on small business owners' initial responses to the tax reform law. Among the findings, the survey found the creation of the up to 20% small business income tax deduction provision, Section 199A, is viewed as important to most small business owners.