Impact of Trump’s Tax Plan on Small Businesses from Xero ExecCharity Ray
The recent passage of the Republican tax bill could lead to big changes for small businesses. But some entrepreneurs are still unsure exactly which parts of the bill might have the biggest impact. So a financial professional could potentially shed some light on the specifics.
Ryan Himmel is a CPA and head of financial partnerships in the Americas for Xero. Himmel recently spoke with me as part of our exclusive Smart Hustle Report. During the conversation, he shared some insights about the Trump Tax Plan and the impact it might have on small businesses.
Himmel said, “It’s a fairly broad based plan to change taxes across individuals and small business as well as large corporations. I think, by and large, the intent of the bill is to put more money in individuals’ and businesses’ pockets and keeping less with the government.”
Check out the full article on Small Business Trends