The NFIB's "Small Business Problems and Priorities" 2020 report highlighted California as a state with substantially more concerns for small business owners than other states. They are asked to rank the biggest Here are the top “Critical” problems and priorities from the most recent survey. Small Business Problems and Priorities is designed to accomplish that objective. NFIB is advocating for additional recovery legislation in response to the COVID-19 pandemic. The cost of health insurance, property taxes, and finding qualified job applicants remain constant concerns for Texas small business owners despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey.The data, collected just prior to the COVID-19 health and economic crisis, reflect owners’ views four years into one of the largest U.S. economic expansions. 1. Reduced compliance costs by the new Administration will contribute to capital accumulation and the owner’s ability to focus on growing their business. Here are the top “Critical” problems and priorities from the most recent survey. U.S. According to NFIB’s Small Business Problems and Priorities, “unreasonable government regulations” ranks as the second largest problem. “Federal Paperwork”—ranks 10th in Texas and 12th overall—and “State Taxes on Business Income”—ranks 32nd in Texas and 9th overall (See Table 1 in. Fifty-one percent of owners find the “cost of health insurance” a critical problem. The NFIB Uncertainty Index increased two points in August to 90, the second-highest reading since 2017. ... and one declined. The data, collected just prior to the COVID-19 health and economic crisis, reflects … Texas small business owners are more burdened on average than owners in the rest of the country by three common problems: “Poor Sales,” “Credit Card Payment Processing Costs,” and “Competition from Large Businesses.” “State Taxes on Business Income” has the largest difference in rankings between Texas (32nd) and the rest of the country (9th). September 2020» The NFIB Optimism Index rose 3.8 points to 104.0 in September, a historically high reading. owners, according to NFIB’s Problems and Priorities survey. The NFIB Optimism Index rose 3.8 points to 104.0 in September, a historically high reading. NFIB’s quadrennial Problems & Priorities survey found that "locating qualified employees” moved to its second-place ranking from 10th in 2016. Another fast climber in the survey this year is “minimum wage/living wage.” In the 2012 survey the issue placed near the bottom of concerns for small business owners. The NFIB Uncertainty Index increased 2 points to 92, up from 75 in April. The NFIB Uncertainty Index increased 2 points to 92, up from 75 in April. ” Construction of the Keystone XL pipeline is important for reducing America’s reliance of foreign energy and helping to lower the cost of fuels small businesses use every day. Terms and Conditions | Privacy, National Federation of Independent Business (NFIB)/Texas, the state’s leading small business association, released its quadrennial, “The top concerns of small business in Texas reflect the unique business environment here, but still touch on the federal government overreach impact on costs and uncertainty,” said NFIB/Texas Executive Director Will Newton. Then it ranks the issues from top to bottom by their average score. Seven of the 10 Index components improved, two declined, and one was unchanged. Many top concerns, including the cost of health insurance, labor and taxes, remain constant despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey. The data, collected just prior to the COVID-19 health and economic crisis, reflects owners’ views four years into one of the largest U.S. economic expansions. NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide. The survey and publication establish the relative importance of small business owner concerns and thereby a de facto is-sues priority list for NFIB. Small firms can’t raise prices or increase sales to support higher labor costs. The ten most burdensome problems for small-business owners in Texas are: 8. NEWS CORONAVIRUS POLITICS 2020 ELECTIONS ENTERTAINMENT LIFE PERSONAL VIDEO SHOPPING. Biggest Issue: The Cost Health Insurance. NFIB Small Business Problems and Priorities. NFIB’s latest tax survey, The Tax Cuts and Jobs Act One Year Later: Part II, confirms small business owners believe the tax law has had a positive effect on the economy. Nine of the 10 Index components improved and one declined. WASHINGTON, D.C. (August 13, 2020) – Many top concerns, including the cost of health insurance, labor, and taxes, remain constant despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey. Unfortunately, the regulatory burden on small business continues has continued to grow for decades. In fact, in the NFIB Research Foundation’s quadrennial publication Problems and Priorities, unreasonable government regulations is the number two concern both in Ohio and nationally. The cost of compliance was characterized by extra paperwork and difficulty understanding exactly what had to be done to comply. July 20, 2020 Dear Representative, On behalf of NFIB, the nation’s leading small business advocacy organization, I write in strong opposition to the H. Res. This moved up from fifth four years ago due to the increasing burden put on business by the last Administration. Frequent Changes in Federal Tax Laws and Rules, Texas’s top ten generally tracks that of the nation with two exceptions. Madison (August 12, 2020) – Many top concerns, including the cost of health insurance, labor, and taxes, remain constant despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey. (12/22), Guide to Forgiveness of PPP Loans $50,000 or Less, NFIB Guide to New Federal Lending Options, Small Business Financial Resources During Coronavirus, Liability Protection Principles for America’s Small Businesses. Smith, NFIB State Director in Wisconsin, 608-516-9872, or bill.smith@nfib.org Madison (August 12, 2020) - Many top concerns, including the cost of health insurance, labor, and taxes, remain constant despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey. Some serious problems in 2012 moved down in the rankings this year. • NFIB released four Liability Protection Principles on May 6, 2020, and urged Congress to address these Liability Protection Principles so that our nation’s small businesses who have fought to survive Rising health insurance costs are small business owners’ top problem, according to the NFIB Research Center’s Problems and Priorities survey. Tax-related issues represent 5 of top 10 most serious problems for small business owners. 52% of NFIB respondents cited this as number one. 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