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Business

CPAs view NY economy as 'static'

SCPA.GIF
http://www.nysscpa.org/Economic_Survey/Economic_Outlook_Results_Overview.pdf
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A poll conducted in October (eg; before the presidential election), amongst 595 members of the New York State Society of CPAs (Certified Public Accountants), has found a majority believe that business conditions in the state will remain largely unchanged over the first half of 2013.

Although the survey was conducted in October, the results were released last week.

Over half the sampling responded that they did not believe Governor Cuomo had "been impactful on business conditions." - in spite of political rhetoric from Albany about changes to the state's business environment.

Almost three-quarters of respondents to the survey said that small business tax credits were insufficient at their current levels, and almost 80% repeated the oft-heard criticism of the state's business tax regime.

Perhaps unsurprisingly the same number made the same criticism of the personal income tax levels.

On the subject of the Affordable Care Act (aka. Obamacare), two-thirds of the respondents said that they believed implementing the measures would negatively impact small businesses.

The full breakdown of the results can be found here.