Signs of stormy economic headwinds continue to pile up, Save Jerseyans.
A May survey of 441 certified public accountants (CPAs) polled by the New Jersey Society of CPAs (NJCPA) discovered 65% predicting that the state economy will worsen during the final half of 2022.
“The biggest challenge for the respondents’ businesses was inflation (73 percent),” reported the NJCPA. “Additional challenges cited were the availability of skilled personnel (57 percent); state and fiscal policies that are unfriendly to businesses (42 percent); supply chain problems (35 percent); and regulatory requirements (27 percent).”
69% reported advising a client to leave New Jersey for tax reasons.
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