The architects of the latest tax plan claim that small businesses will benefit, but experts question whether there are real tax savings. Most small business owners set up pass through entities meaning the owners pay taxes, but the businesses themselves don’t. The vast majority of small business owners already pay taxes at 25%, the new maximum rate proposed for small-business income under the proposed tax bill. Plus, if you’re a personal service provider (e.g., lawyer, engineer doctor, consultant), you won’t qualify for the 25% anyway. Read more.
- Speaker Spotlight: Meg Hopkins, La Terre
- Speaker Spotlight: Wendy Mireles of Café Corazón
- Why seeing a role model who looks like you is so powerful
- The Tandem’s owner, her ankle shattered, makes appeal for help running restaurant
- Girl power: Hasbro brings gender pay gap debate to game night with new Ms. Monopoly