Nearly Three-fourths of Small Business Owners Did Not Use Tax
Software in 2016
BOCA RATON, Fla.--(BUSINESS WIRE)--Mar. 6, 2017--
Office Depot, Inc. (NASDAQ:ODP), the leading global provider of office
products, services, and solutions revealed in its latest Small Business
Index survey that approximately three-fourths (70 percent) of small
business owners (SMBs) indicated they did not use tax software when they
filed their taxes in 2016. The survey results also showed that one in
four (24 percent) of large SMBs (those with 50-99 employees) still use
paper forms compared to the 20 percent that reported they were using
online tax software.
“With the availability of tax software at office supply stores like
Office Depot and OfficeMax and the variety and ease of use of tax
software available today, such as TurboTax or H&R Block, SMBs should
strongly consider transitioning to tax software,” said Christine Nessen,
senior director of contract marketing for Office Depot, Inc. “Tax
software can provide SMB owners with the flexibility to file their taxes
at their own pace.”
One in every 10 SMBs (11 percent) waited to file their taxes on Tax Day
or asked for an extension. The survey results also revealed that 21
percent of SMBs indicated that they were looking to use more technology
and/or use less paper while filing their taxes in 2017, out of the 61
percent who indicated that they were looking to make changes in how they
filed their taxes this year.
“Owners of businesses large and small should aim to start organizing
their paperwork at least one to two months before Tax Day so they don’t
feel the stress of filing last minute or asking for an extension,” said
Nessen. “Office Depot has a variety of products to help SMBs organize
their paperwork, shred sensitive documents and file their taxes.”
With tax season approaching rapidly, Office Depot and OfficeMax stores
are the one-stop shop for all tax-related needs, for both SMBs and
consumers. With a variety of services ranging from tax software, to
shredding and copying services, to small business experts, Office Depot
and OfficeMax stores have everything SMBs need to successfully file
Survey Methodology/Sample Qualifications
Interviews are conducted online among a nationally representative sample
of small and medium-sized businesses. The wave of interviewing was
conducted from October 15 – December 30, 2016 among a total of 1,500
small and medium-sized businesses.
For more SMB resources and tax tips visit Office Depot’s Ideas Center at officedepot.com/cm/collections/ideas.
About Office Depot, Inc.
Office Depot, Inc. is a leading global provider of products, services,
and solutions for every workplace – whether your workplace is an office,
home, school or car.
The company had annual sales of approximately $11 billion, employed
approximately 38,000 associates, and served consumers and businesses in
North America and abroad with approximately 1,400 retail stores,
award-winning e-commerce sites and a dedicated business-to-business
sales organization – with a global network of wholly owned operations,
franchisees, licensees and alliance partners. The company operates under
several banner brands including Office Depot, OfficeMax and Grand & Toy.
The company’s portfolio of exclusive product brands include TUL, Foray,
Brenton Studio, Ativa, WorkPro, Realspace and HighMark.
Office Depot, Inc.’s common stock is listed on the NASDAQ Global Select
Market under the symbol “ODP.”
All trademarks, service marks and trade names of Office Depot, Inc.
and OfficeMax Incorporated used herein are trademarks or registered
trademarks of Office Depot, Inc. and OfficeMax Incorporated,
respectively. Any other product or company names mentioned herein are
the trademarks of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170306005047/en/
Source: Office Depot, Inc.
Office Depot, Inc.
Julianne Embry, 561-438-1451
Lauren O’Leary, 646-556-9323