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Posts tagged as “changes”

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Hi /r/Entrepreneur, We hear you loud and clear. We want to make our sub better by making it more valuable, easier to navigate, and a source of useful knowledge. Problem: Our subscriber base covers a very wide spectrum of entrepreneurs. We moderators, try not to edit content or decide what should or should not be allowed. Rather, we enforce the rules, but we haven’t adjusted the rules in quite some time so there are lots of gray areas when it comes to what should or should not be allowed. Therefore, we are seeking community input for suggestions and modifications that can be implemented. If you make a criticism, please offer a potential solution. This isn’t flame the Mod-team. If there is a feature or attribute from another subreddit you would like to see implemented, we highly suggest you share it. This is your community, let’s make it better for everyone! Potential rule adjustments: Tier 1 Rule Violation (Warning): Posting Revenue without profit Tier 2 Rule Violation (24-hour ban – no warning): Offsite linking to blog or video in original post submitted by /u/FITGuard [link] [comments] Powered by WPeMatico

Changes Small Business Owners Should Know About (2018 Edition)

Did you survive the curveballs of 2017, telling yourself that as long as you make it through this year, you’ll be okay? Good. Now let’s do it all over again. You may remember the 2017 edition of small business changes—in which we explored changes in taxes, 17 states increasing their minimum wage, and the shifting political landscape. Now that we’re in 2018 and we face a new economic and political climate, guess what? Even more changes loom, especially in the world of taxes. Here’s what you need to know for this year: Tax Bracket Changes for 2018 The life of the small business owner is much like that of any person—every dollar counts. That’s why it’s critical to understand if you can anticipate any changes to your personal taxes. Much of the political hubbub in 2017 focused on Republican efforts to cut taxes—and indeed they did, getting the law passed and signed before the deadline. That means 2018 will be a new year for taxes. This, in turn, means new brackets. Here’s the basic run-down from Forbes:   If that doesn’t look familiar in the slightest, there’s good reason for that. The rates have changed and the brackets themselves have changed. But that’s not all. When you think about taxes for this financial year, remember also that the changes in the standard deduction can cause a dramatic change in your taxable income. Says Forbes: The standard deduction in 2018 as the law currently exists is $13,000 for a couple filing jointly. That number will jump to $24,000. For single filers it jumps from $6,500 to $12,000. Take Advantage of New Deductions Want an immediate boost to your bottom line? Then don’t be afraid to take the deductions now afforded to you by the new tax law. According to ABC News, that includes items as small as a one-cent increase in the deductibility of business car mileage to a massive increase in the deductibility of new equipment purchases. It’s that business equipment deduction that should really catch your eye. The deduction limit has expanded to $1,000,000 under Section 179, which means…

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