Discussions of Why Economics Matters to Entrepreneurs Entrepreneurship is seeing some great popularity at universities these days. The concept of entrepreneurship has been in our modern society for thousands of years and in the history of economic study. But we somehow delegate the subject and learning of economics to the academics and policy makers. Almost never are the two subjects
Read moreSmall 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
Read moreIRS 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
Read moreBefore 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
Read moreHere is a great study of entrepreneurial capitalism across the United States Personal finance website WalletHub analyzed data of more than 1,200 small-sized cities using 18 metrics, from investor access to labor costs, to determine this year’s best and worst small cities to grow a business. Here are the top 20 small cities in which to start a business: 1.
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