We looked to Twitter for small business owners' reactions on filing taxes in 2015.
While many small business owners are sighing with relief upon completing this year’s taxes, others are anxious about the impact of new tax codes on their companies.
The average small business owner will devote 24 hours and pay more than $400 just to prepare and file federal taxes this year, according to the IRS. “High tax rates are a burden on small business, and the cost of compliance gets bigger every year as the tax code gets more complicated,” said NFIB President and CEO Dan Danner on taxes.
NFIB is advocating for small business tax reform. NFIB member and Ohio businessman Scott Lipps spoke to the House Small Business Committee on Tax Day, pushing for lower rates, fewer rules and equal treatment for small business owners. Here’s what fellow small business owners and advocates are saying on Twitter about 2015 taxes:
Love being a small business owner and entrepreneur but #TaxDay is not so fun! Thankful to have 2015 taxes in the mail!
— Jonathan Barksdale (@JWBarksdale) April 15, 2015
My first #TaxDay as a small business owner and it is truly depressing. It’s not just the taxes, it’s the time and money spent doing them.
— Gregory Gleaves (@gleaves14) April 15, 2015
Obamacare would add $11.3 B in taxes to small business. I cosponsored HR928 to take that burden off of job creators. http://t.co/WiucUKmrj6
— Mia Love (@MiaBLove) April 8, 2015
I love doing taxes! Said no small business owner ever. ??
— Kristen Shuler (@HeyPaulStudios) April 6, 2015
@JoeSamQueenNC As a small business, my business-related taxes rose $3k compred to 2013. It’s hard to hire & compete in WNC with that hit
— Kostelec Planning (@KostelecPlan) April 15, 2015
#taxes hurt #smallbusiness owners, @BarackObama does not truly support small business growth. Ask anyone who has owned a small business.
— Lu Bolden (@LuBolden) April 15, 2015
Crowdfunding is great! But sorting out the taxes can be a real headache. http://t.co/AvK5p4zLaX
— ENDGAME (@CipolloneAssoc) April 15, 2015
Show of hands of any small business owners working on their taxes at this hour?
*crickets*
Oh. It’s probably just me, Miss Procrastinator.
— Stephanie B. (@badchurchlady) April 15, 2015
#smallbiz owner / @nfib_oh member tells @HouseSmallBiz: Include ALL small firms in #taxreform! http://t.co/y5Arxcwy5Y pic.twitter.com/KmHwvtEmmV
— NFIB (@NFIB) April 15, 2015