Making Changes to Corporate and Individual Income Taxes, Indian Tribe Resource Programs and Previous Legislation
Tax Cuts and Jobs Act (H.R. 1) – The GOP-sponsored tax reform bill made final passage through Congress on Dec. 20. The following are provisions with the widest-ranging impact:Lowers the corporate tax rate from 35 percent to 21 percentAllows companies a one-time repatriation of overseas cashRetains seven individual tax brackets: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percentNearly doubles the standard deduction, but repeals personal exemptionsEliminates the Affordable Care Act’s individual mandate starting in 2019Eliminates the alternative minimum tax (AMT) for corporations, but keeps it for individuals (Exemption: $500,000 for single taxpayers; $1 million..
How to Build Trust with Customers Online
When it comes to selling online, gaining users’ trust is a serious matter for businesses. Based on a July 2015 poll from the U.S. Census Bureau and the National Telecommunications and Information Administration, security and privacy concerns are a big reason consumers are not doing more online. The survey found that 45 percent of respondents have stopped at least one online transaction due to these concerns, such as purchasing items online, commenting via social media, or making Internet-based banking or investment arrangements. With these statistics, what can businesses do to gain the trust of their visitors and shoppers?Tell Customers What..
Outlook for 2018
Before considering what might be ahead in 2018, perhaps it’s worth looking back to acknowledge that 2017 was a banner year – both a great year for U.S. stocks, as well as the year when international markets turned a corner. In the United States, earnings for 2017 have been solid and growth expectations are on an upswing. Worldwide, gross domestic product growth ramped up in 2017, and the Organization for Economic Cooperation and Development has indicated that it expects to see all the 46 economies that it tracks post growth for 2017. The United States was able to shake off..
Marketing Timing Pros and Cons
The S&P 500 has enjoyed an eight-year bull market with an average annual return of 19.4 percent. Starting in 2019, U.S. companies will benefit from a massive cut in the corporate tax rate from 35 percent to 21 percent. This provides them with the opportunity to make significant investments in expansion, perhaps extending the investment growth rate even further.On the other hand, with partisan politics as divided as ever and the presidential administration under investigation for collusion with a foreign adversary, a single bad news day has the power to sink stock markets across the globe. Thus, the current scenario..
The Only New Year’s Resolutions You Need
In the wake of the New Year, many of us burden ourselves with a laundry list of resolutions to do things differently and to improve upon our personal and professional goals. For many entrepreneurs, a new year offers a clean slate and a tantalizing chance to achieve greater business success. Individual goals may vary, but here are five central principles that are integral to business success in today’s competitive world. Focus on them and you’ll see some big improvements.Clarify your business goals. Whether it means updating an existing strategic plan or starting from scratch, having a focused business plan that..