If you find yourself feeling anxious or stressed around tax time, you’re certainly not alone. A surprising 80% of American small business owners feel at least some stress at tax time, according to a recent survey by FreshBooks.
Taxes can be such a killjoy for small business owners, to the point where 60% of respondents said they’d rather do a number of unpleasant things than deal with them:
(Ranked from least pleasant to most pleasant)
- Lick a pole on the subway
- Remove a nest of angry bees
- Get a root canal
So, what’s really driving the anxiety and stress during tax season?
“If you’d rather handle angry bees or risk getting sick by licking a subway pole than do your taxes, it’s time to look for solutions,” says Michael Ly, Founder & CEO of Reconciled, and FreshBooks Partner and member, FreshPAC (FreshBooks Partner Advisory Council). “Yes, taxes are a pain, but that pain can definitely be soothed by using the right tools and resources.”
Do let me know if you’re interested in learning more about how small business owners can better manage their tax stress in 2023. I’m more than happy to put you in touch with Paul Cowan, Chief Commercial Officer at FreshBooks.
For the full “Tax-Time Stress Report”, please click here.
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