Policymaker insights and recommendations for small business success

2 min read
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Small businesses are the engines of our global economy, powering prosperity through job creation and innovation. As highlighted in the 2023 Intuit QuickBooks Small Business Index Annual Report, small businesses within the US, Canada, and the UK play an even more vital role in their economies, representing 98% of all firms and providing a third to almost half of all jobs in each country’s workforce.

Download the Intuit Quickbooks Small Business Index Annual Report 2023

This year’s report focuses on an in-depth analysis of the contributions, health, and struggles of employer firms with 1–100 employees. While new and growing startups help pioneer breakthrough innovations and foster economic dynamism, we encourage policymakers to ensure small business support programs are structured in a way that helps ensure their resilience and success. 

Based on this year’s analysis of the small business landscape, we encourage policymakers to foster an environment that is conducive to small business economic growth and resiliency by:

  • Encouraging bank-fintech partnerships to ensure small businesses have access to a diverse set of lenders.

  • Modernizing payment systems, providing faster, easier-to-use, more transparent, and lower-cost payment services for small businesses.

  • Encouraging the adoption of digital tools through scaling government resources in a way that helps small businesses modernize their business. 

  • Minimizing regulatory and licensing barriers to starting small businesses, which lack the financial and human resources of large companies to comply with burdensome regulations.

Download the full policymaker report

Visit the Intuit QuickBooks Small Business Index Annual Report hub for more about this year’s findings. 

Read more about actionable insights for small business from this year’s report.

Read more about actionable insights for accountants from this year’s report.


This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining professional advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by region, state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit does not warrant that the material contained herein will continue to be accurate nor that it is completely free of errors when published. Readers should verify statements before relying on them.

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