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65% of Small Businesses Got a Tax Refund for 2018 – and Most Were Happy

Source: - Aug 1, 2019

For individual taxpayers, refunds are a common thing. But for small businesses, it depends on the type of entity you establish and the type of taxes you pay.
2018 Small Business Tax Refunds Survey

According to a report from OnDeck, 65% of the business owners received a tax refund in 2018. And while 75% said they were
satisfied with the outcome, 1 in 4 weren’t.

The Impact of Tax Cuts and Jobs Act

The survey for the report looks to find out how small business owners feel about the tax changes resulting from the Tax Cuts and Jobs Act law of 2017. OnDeck surveyed 700 business owners from May 6 to May 8, 2019, to get the results. This survey is a follow up of another study the company carried out in April 2019 about the impact of the 2017 law.

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Category: General Business