Current Landscape of Small Businesses in the U.S. The landscape of small businesses in the United States has evolved significantly over the past year, characterized by a unique mix of challenges and opportunities. According to Xero’s Small Business Insights report, small businesses are thriving even though the economic climate is currently influenced by various factors….
Understanding Tariffs and Their Purpose Tariffs are essentially taxes imposed by a government on imported goods and services. These duties are typically calculated as a percentage of the total value of the imported goods. They are added to the cost that consumers or businesses must pay upon import. The primary purpose of tariffs is to…
Economic Policies and Small Business Growth The anticipated economic policies of a potential second term for former President Donald Trump are anticipated to have significant implications for entrepreneurs and small businesses. A focal point of these policies is tax reform, which aims to reduce the overall burden on small businesses. The Trump administration’s previous tax…
