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Fast Growth CEOs Expect Big Jump in Federal Business Taxes
"This report is new this week in The Business Journal's small business how-to section. To see what else is new, click here or click on the "how-to" tab at the top of The Daily Business Journal Online home page.Almost half of chief executives from fast-growth companies are expecting a substantial increase in their company's business taxes over the next two years -- and over half were not aware of the IRS's announced plan to staff up and increase audits of mid-sized companies, according to a PricewaterhouseCoopers Trendsetter Barometer.The group anticipating the big increase is comprised of the fastest growers, who are expecting a 23.9% increase in revenues over the next 12 months -- 37% greater than all others. <more>"