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News & Press: EDITORIAL

Small business owners have a good feeling about 2015

02 October 2014   (0 Comments)
Posted by: Ciaran Ryan

A new survey from online accounting software provider Xero found that nearly 90 percent of small businesses are forecasting an increase in revenues next year, while 21 percent are expecting growth of more than 100 percent.

The optimism among small business owners for 2015 is based on significant growth their businesses achieved this year. Of the more than 300 small business owners surveyed, 81 percent experienced revenue growth in 2014, while 22 percent reported gains of more than 100 percent.

Also, small business owners who worked this year with a professional accountant, such as a CPA, and used online accounting software saw their company’s revenues increase by 16 percent compared to business owners who did not work with an accountant but used an online accounting platform, according to the survey.

 

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