Paychex Snapshot: U.S. Tax Structure Ranks as the Top Issue Impacting Startup Businesses in 2014

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Nearly two times as many startup business owners cite the U.S. tax structure over health care reform as the issue they anticipate having the biggest impact on their business this year

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, today released the results of its latest Paychex Small Business Snapshot, which asked the owners of recently formed small businesses to select the issue they anticipate will have the biggest impact on their business in 2014.

Of the more than 250 business owners surveyed, 47 percent ranked the U.S. tax structure as the top issue impacting their small business, nearly double the number that selected health care reform (25 percent).

Overall government regulation (20 percent), potential government inaction (6 percent), and immigration reform (2 percent) were the other issues ranked.

To view the Paychex Snapshot, click here.

About the Paychex Small Business Snapshot

The data included in the Paychex Small Business Snapshot was taken from the results of the Paychex Small Business Startup Survey, which was conducted between December 12, 2013 and January 8, 2014. The survey was conducted online with 250 U.S.-based startups, defined as businesses started in 2010 or later with one to 50 employees.

About Paychex

Paychex, Inc. (NASDAQ: PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.

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Media:
Paychex, Inc.
Lisa Fleming, 585-387-6402
Public Relations Manager
lfleming@paychex.com
@PaychexNews

Source: Paychex, Inc.

Released June 25, 2014