Category Archives: Entrepreneurship

US Small Business Administration – Small Business Optimism at 35 Year High

Small businesses are a key driver of the U.S. economy. When small businesses succeed, so does the U.S. More than 99 percent of U.S. businesses are small businesses, and they employ a full 48 percent of the American workforce. In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act into law, giving these entrepreneurs and the rest

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IRS Proposes Big Tax Break for Sole Proprietor Entrepreneurs

IRS issues proposed regulations on new 20 percent deduction for passthrough businesses The Internal Revenue Service issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction — referred to as the Section 199A deduction or the deduction for qualified business

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Tax Foundation Report – The Benefits of Cutting the Corporate Income Tax Rate

Before the Tax Cuts and Jobs Act (TCJA), the U.S. had one of the highest statutory corporate income tax rates in the developed world at 35 percent. Now, the federal corporate income tax rate sits at a much more competitive 21 percent, which brings the combined average state and federal tax rate (25.7 percent) closer to the average for developed

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NFIB Report – US Small Business Ready To Grow in 2018

The historic small business tax cuts, including a new 20 percent deduction on earnings and immediate expensing of business investments, are giving small business owners long overdue tax relief. Businesses around the country are using their tax cut savings to raise wages, hire new employees, and expand. Six of the 10 components that make up the small-business optimism index increased

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Job Creators Network – Tax Reform Bill Helps Small Businesses

American small businesses are under attack by over-taxation, over-regulation, and lack of access to credit. According to a recent Job Creators Network nationwide poll of small business owners, the vast majority of respondents said the current tax and regulatory climates are preventing them from expanding and creating jobs To address these issues facing small businesses and finally bring them and

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How Occupational Licensing Hinders Low-Income Entrepreneurship

Occupational Licensing Is a Scam – Foundation for Economic Education Through occupational licensing, politicians get to impose “fees” in exchange for letting people practice their professions. And interest groups get to impose barriers that limit competition, a win-win situation, unless you are taxpayer or a consumer. Or a poor person who wants to get a job. “In the 1950s only

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How Entrepreneurs and Low Taxes Create Economic Growth

Entrepreneurs + Risk Capital + Low Taxes = Economic Growth For nearly every entrepreneur, access to private equity capital, or risk capital, is a key ingredient to successful business growth. For a business to grow it needs to be nurtured in an environment that supports entrepreneurial capitalism. “Capital is like oil; it’s stored energy. It’s the fruits of someone else’s

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Lessons From South Africa – Solving the Entrepreneurial Bottleneck in Developing Communities

Over the last few years we have seen how valuable Lean tools have become in the entrepreneurial development process. Eric Rees has provided us with an understanding relating to minimum viable product based on creating value rather than waste, Alexander Osterwalder has shown us the importance of visualising your business model and Ash Maurya has provided us with a process

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HBS Working Paper – Immigrant Entrepreneurship

Immigrant entrepreneurship is a topic of key policy interest but one with few facts. The authors construct a data platform using US Census Bureau administrative data to provide new statistics on the patterns of business formation by immigrant entrepreneurs and on the medium-term success of those businesses. Immigrants account for around a quarter of US entrepreneurs, and this share has

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