Part of an accountant’s work is to know the financial health of their clients. In this episode, we explore the latest Intuit QuickBooks Small Business Index Annual Report that provides insights into the current state and future prospects of small businesses in the US, Canada, and the UK.
Ted and Jessica talk with Intuit’s Simon Worsfold and KC Eames of Dark Horse about the findings that highlight the significant impact of rising interest rates on small business growth, the increase in credit card use among small businesses, and findings on digital technology in improving business performance and confidence.
The group also discusses broader themes from the report, such as the strong recovery in employment in sectors such as construction and the higher likelihood of women-owned businesses being highly digitized. Overall, the report underscores the critical role of digital adoption in driving small business success and resilience in the face of economic challenges.
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