Congratulations employers on filing your W-2 and 1099-MISC Forms! Woohoo! Now you can get back to what is really important, running your business! We understand that unless you’re a tax preparer, you didn’t go into business to constantly file IRS tax reports. We aim to make the tax filing processes as user-friendly as possible because we love serving small businesses like yours.
In celebration of your filing success, we want to share some truly astounding small business facts that are sure to thrill you.
Congratulations! You Survived the Year End Filing Deadline
U.S. Small Business Facts
According to the Small Business Administration (SBA), small businesses account for 63% of new jobs created in the previous year, and the SBA is optimistic that this percentage will continue to climb in the year ahead. Last year alone, 1.4 million new jobs came from small businesses with fewer than 50 people.
Currently, in the U.S. there are almost 28 million small businesses and over 22 million self-employed individuals. Small businesses employ over 50% (approximately 120 million individuals) of Americans.
The fastest growing sections of small businesses are automotive repair shops, beauty salons, and dry cleaners.
Another SBA report released shows that 2.52 million businesses in the U.S. are veteran-owned! Businesses owned by veterans employ more than 5 million Americans, with an annual payroll of $195 billion and over 1 trillion in receipts.
This all goes to show you that small businesses continue to be the backbone of the U.S. economy!
For Those Who Failed to File:
ExpressEfile is an IRS-authorized solution for generating and transmitting your IRS Forms. If you need to file, we provide you free printable W-2 and 1099-MISC Forms as well as e-filing and postal mailing options. If you have any questions while filing email us 24/7 at firstname.lastname@example.org.