Greenberg & Company, LLC, CPAs


500 Morris Avenue, Springfield, NJ 07081-1224

Phone: 973-467-3838

Fax:     973-467-3184

March 2018

Solo Business Stats

Solo Business Stats

Sole proprietors make up a huge chunk of the business world, according to statistics from the Internal Revenue Service. For tax year 2015, some 25.2 million solo business owners filed individual income tax returns, up 2.4% from 2014, reports the IRS. These 25-million-plus sole entrepreneurs account for more than an estimated 28 million nonfarm businesses, which reported profits of $331.8 billion in 2015, up 4.7% from 2014.

Ride-Sharing Leads

The biggest increase in the number of these entities, 25%, came from the transportation and warehousing sector — fueled, no doubt, by ride-sharing businesses. Wholesaling and real estate also experienced strong growth in new entities.

Deductions Up

Not surprisingly, deductions in this solo business category also increased for the same period, rising 3.2%. The construction sector had the largest amounts of total business receipts and deductions. For all industries combined, commissions and the cost of labor both had double-digit deduction increases.


Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.