Help with small business taxes

Share to Twitter Share to Linkedin Ryan Brennan, Managing Director, Advantage Capital . As the post-pandemic economy navigates its ongoing downturn, the road to financial well-being and realizing wealth creation begins with a concerted effort around growing local small businesses. Entrepreneurs and business owners help create the jobs required to uplift areas in need of more economic opportunity. But those overlooked and underserved areas also require access to capital to produce the positive impact that can course-correct a lackluster economy. The impact of accessible capital doesn’t stop at the storefront —it can have a ripple effect of strengthening surrounding communities. The Business Opportunity In Rural And Economically Challenged Urban Areas For undercapitalized parts of the country—the regions where, all too often, lenders and investors have been less likely to support small businesses—a double-bottom line approach to investing may be … [Read more...] about How Incentives Help Ensure Investments Reach The Right Areas

This has been a pragmatic budget which, on one hand, strikes a delicate balance by focusing on inclusive development, supporting small businesses, boosting income for the middle class, reducing compliances and promoting entrepreneurship. The endeavour of the Union Budget presented by the finance minister on February 1 is to create opportunities for citizens in an inclusive manner, with emphasis on growth and job creation, along with strengthening the macroeconomic stability. It aims to provide a further impetus to India’s growth story by introducing new tax measures which will, certainly, uplift the entrepreneurial spirit and will provide relief to the citizens. Decoding Tax Sops For Individuals Battered by rising inflation, India had high expectations from this Budget, especially when it comes to tax payments and reforms. Currently, those with income up to Rs 5 lakh do not pay any income tax. This rebate has been increased to Rs 7 lakh in the new tax regime, which means … [Read more...] about How Budget 2023 benefits the middle class, startups and MSMEs

Share to Twitter Share to Linkedin We’re fast approaching the three year mark of COVID-19 shutdowns in 2020 that reverberated through the United States and global economies. According to the International Monetary Fund (IMF), median global GDP dropped by 3.9% from 2019 to 2020, making it the worst economic downturn since the Great Depression. All too well we remember that in the U.S., millions of workers were displaced from their jobs, resulting in anxiety, fear, and record-shattering unemployment insurance applications. Consumer and retail activity contracted sharply, with many businesses forced to close. Despite chronic political acrimony, there was quick bipartisan Congressional action that helped alleviate the economic fallout for families and provided economic stimulus. And while the global economy has somewhat stabilized, recovery has been uneven and inflation has been a lingering and painful economic aftereffect. During this unprecedented global … [Read more...] about Pension Income Bolstered A Struggling COVID-19 Economy