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According to an April 14, 2015, press release, the National Federation of Independent Business (NFIB), the average small business must devote 24 hours and pay more than $400 just to prepare and pay its federal taxes, not including the taxes themselves. “That cost is the result of the bewildering complexity in an IRS Code that has grown from 30,000 pages in 1986, the last time it was reformed, to more than 70,000 pages today,” said Dan Danner, president and CEO of the NFIB. “High tax rates are a burden on small business, and the cost of compliance gets bigger every year as the tax code gets more complicated.”

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