Small businesses in the United States always have to make sure that they file taxes in a correct and legal manner. According to the latest data, the odds of being audited if you are a small business owner are against you. Small business owners are 30% more likely to be audited today than they were in 2005.

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About the Author: Irina Kabigting is Webs’ Social Media Marketing Manager. Get more from Irina on Webs’ Blog and Google+.

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The landscape of business owners has changed drastically over the years. The following infographic provides a historic snapshot of this change from 1960s to present day.

Key Trends:

  • 75% of America’s private sector workers is made up of small businesses
  • Business ownership is no longer confined to a specific  age group
  • While degree is not necessary to start a business, over 72% of small business owners have a college degree or higher.

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