I was planning to write something festive about the holidays but instead, I decided to discuss taxes. I know. Taxes? Nobody wants to discuss taxes during the holiday season.
I am drawing your attention to taxes because there are BIG changes happening right now in DC. The tax bill that is being discussed on The Hill is very likely to affect every one of us. Obviously there are many ways to look at the bill and depending on your view, you will either like it or you won’t like it. However, it you look at the proposed tax bill from the point of business ownership, it has the potential to be positive.
Obviously, I am saying ‘potential’ because it is not done yet. Once it is done, someone will have to read it and then apply it. It will be a while before we can confidently measure the total effect but on the surface it has the ‘potential’ to leave more money in the pocket of business owners allowing for greater investment and growth.
Below I am sharing an article on the details of the new tax law. Whether you are currently a business owner or still considering business ownership, I would encourage you to take some time during the holiday season to learn about the new law. The sands are shifting and you need to be ready.
Wishing you a wonderful Holiday Season and wishing you a wonderful 2018.
If you are interested in learning more about what is in the final GOP Tax Bill, Click Here