InfoCredit Micro Enterprises Index
InfoCredit's forecasts for September have been confirmed. There are still more new business activities, and the InfoCredit index, describing the ratio of assumed to closed ones, is again rising strongly. It is true that we recorded a significant advantage of suspended activities over renewals, but this is a typical phenomenon at the end of August and September, when the holiday season ends. The new burdens may increase the attractiveness of the simplest form of entrepreneurship.
In September, 26 797 new business activities were established, 13 796 were closed. 11 889 were renewed and 26 084 suspended, according to preliminary CEIDG data.
The InfoCredit microenterprise index, describing the relation between new and closed operations, increased from 12 550 points to 13 001 points. The ratio describing the relation between renewed and closed operations fell from -9 461 points to -14 195 points.
Most activities, as usual, were suspended in the last days of the month. In the last decade of September, i.e. from 21 to 30 September, CEIDG received 15 550 such applications (as many as 11,508 in the last 3 days). This is a planned activity that usually repeats itself at this time of the year. We recorded a similar phenomenon in the last 10 days of September 2018, when 14 277 were suspended and in 2019, 16,199 were suspended.
On the other hand, starters of new businesses still have a large advantage over those who close. This means that this form of entrepreneurship is very strong. The number of micro-entrepreneurs is still record-breaking considering the whole picture. In the entire third quarter of this year, 75 443 new operations were added, 34 340 were closed. 37 199 operations were resumed and 57 043 were suspended.
The simplest form of business will continue to be popular
In the coming months, it will still be worthwhile to closely follow the applications filed with CEIDG. It is related not only to rising labor costs, more difficult situation on the labor market and market flexibility. The movement in CEIDG may also be influenced by changes in the forms of taxation of entrepreneurs.
- We are closely observing the plans to impose CIT on limited partnerships. Our databases show that this will affect nearly 73 thousand. entrepreneurs who are co-owners of approx. 43 thousand limited partnerships. Our calculations show that after introducing the changes, as many as 25% of limited partnerships responsible for 90% of revenues generated by these businesses (i.e. nearly PLN 300 billion a year!) Will pay 19% CIT. The effective interest rate of the partners of these companies, mainly Polish entrepreneurs, will increase to 34% or, in the case of people paying the solidarity levy, to 38% - says Jerzy Wonka, InfoCredit Development Director.
In his opinion, the introduction of double taxation of partners of limited partnerships may make them start analyzing other forms of business, including economic activity. - The InfoCredit index has been signaling for many months that at a time when the number of jobs is decreasing, the number of sole proprietorships is increasing. And these have a much smaller ability to achieve market success than limited partnerships with an established position on the market - adds Jerzy Wonka.
How do we calculate the InfoCredit Index?
The InfoCredit indicator was created to track alternative forms of employment and self-employment at a time when the situation on the labor market is changing dynamically. The index, which is prepared by the oldest economic analysis company in Poland, takes a positive value when there are more new activities than closings. When there is less than finished - negative. In the same way, we follow the relation of resumes to suspended activities.
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