Tax Changes Are Coming For Small Businesses & 4 More Small Business News Stories You Need To Know

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Somewhere else, consumers are keen to assist small companies out for the 2020 holiday season. The workaround enables pass-through entities to be accountable for the entity’s whole earnings, while the owner can declare a credit on the state tax paid by the organization. Speaking at the New York Times’ Dealbook conference previously this week, the Microsoft co-founder stated he believes “that over 50% of company travel” will go away in the future.

In other places, consumers are eager to help little companies out for the 2020 holiday season. The workaround enables pass-through entities to be responsible for the entity’s whole income, while the owner can declare a credit on the state tax paid by the organization. Why this matters to you: Taxes are an unpredictable beast for pretty much everybody, and little organizations are no different. By investing their money in nearby organizations, shoppers will be able to help stimulate regional economies. Speaking at the New York Times’ Dealbook conference earlier this week, the Microsoft co-founder said he thinks “that over 50% of business travel” will go away in the future.

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