SOURCE: SurePayroll, Inc

SurePayroll, Inc

January 27, 2016 07:00 ET

The SurePayroll Small Business Scorecard®: Small Businesses Maintain Strong Balance Sheets

Despite Drop in Optimism About Economy

GLENVIEW, IL--(Marketwired - January 27, 2016) - Only 1 in 10 small business owners are operating with debt or reducing staff, according to the January 2016 SurePayroll Small Business Scorecard.

This despite optimism about the economy dropping significantly from a year ago, with only 68% of small business owners saying they're optimistic, compared to 78% a year ago.

The majority of small businesses (52%) have extra cash on hand for new opportunities or emergencies should they arise. Another 38% said they do not have extra cash, though they are not in debt. Nearly 9 in 10 said they are either happy with their current profitability or growing, according to the survey. 

The impact of a steep selloff on Wall St. in January seems to be having a limited impact on small businesses, with only 37% saying the volatility worries them about business for the rest of the year.

"Our small business customers for the most part tell us they only worry about the things they can control, and volatility in the market is to be expected," said SurePayroll General Manager Andy Roe. "They're really focused on making their businesses more efficient to increase profits, regardless of what's happening in the broader economy." 

An infographic with the full results of the Scorecard survey is available on the SurePayroll blog.

About SurePayroll
SurePayroll is the trusted provider of easy online payroll services to small businesses nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers' compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com. Follow us on Twitter -- Circle us on Google+ -- Connect with us on LinkedIn -- Like us on Facebook.

About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 40 years of industry expertise, Paychex serves approximately 590,000 payroll clients across 100 locations and pays one out of every 15 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.

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