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Middle market companies Hit by Tax Hikes

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Source: 
Accounting Today for the Web CPA

Middle-market companies have had a tough couple of years on the tax front.  A recent survey by accounting firm McGladrey of 525 executives at mid-market firms found that a whopping 79 percent of them saw their tax bills rise at least somewhat last year. Of companies that had to cut workers, more than half reported that the ‘fiscal cliff’ deal (American Taxpayer Relief Act of 2012) contributed to the decision, and two thirds of respondents (66 percent) said that current federal tax policy is limiting their growth.

Why Is This Relevant To The Midmarket: 

This is about the midmarket