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Why New Tax Rules Could Be a Game Changer for Your Business

Entrepreneur.com

Related: 4 Tax Strategies Every High-Earning Entrepreneur Needs to Know for 2025 The government wants you to invest in your business — now more than ever The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, many of which aimed to boost business investment. Above that threshold, the deduction phases out entirely.

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Jason Phillips’ Power Trio: Health, Wealth and Happiness

Success

Round two That outline sat in his notebook until April 2017. Sensing that his brand identity was getting confused, he decided to sell IN3 even though it subsidized NCI’s payroll. I was probably going to miss payroll by $70,000,” Phillips confesses. “I pulled into the driveway and didn’t even get the bags out of my car.

Health 266
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Upwork's 2017 Freelancing in America Study

Small Business Labs

Upwork and the Freelancers Union released their 2017 Freelancing in America study last week. The key finding is the estimated number of freelancers continued to grow in 2017, reaching 57.3 million in 2017.  million in 2017 from 19.1 This is the 4th year of this study. million, up from 53 million in 2014.

2017 182
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Slim & Husky’s Uses Their Artisan Pizza as a Means for Social Change and Community Empowerment

Success

They went on to own many trucks and had 45 employees on their payroll before selling the company for seven figures in 2017, always knowing that venture was the seeding ground for something much bigger. Once we made a dollar from the business, it went right back in the bank account.

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Book Review: The Million-Dollar One-Person Business

Small Business Labs

There is less risk because there’s no regular payroll to meet and less stress because there aren’t employees to manage. As the chart below shows, over 3 million American solopreneurs reported earning more than $100k in 2017. It’s about creating a successful solopreneur business, which is one that doesn’t have traditional employees.

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Seeking Freelance Flexibility With Full-Time Stability

Small Business Labs

The study the article refers to is Deloitte's 2017 Millennial Survey. Key quote from the recently released 2017 MBO Partners State of Independence study : One of the key findings of this study is that the motivations for working independently are as much psychological and emotional as they are financial.

2017 133
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Small Businesses Hiring More Independent Workers

Small Business Labs

New Geography's 1099 Economy on the Rise features data from Zen Payrol l showing: "the ratio of independent contractors to full-time employees has meaningfully risen among small and medium-sized businesses in states and major metropolitan areas across the country."   Contingent Workforce Freelance Independent workers'

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