Latest Tariffs Spell $200 Billion Annual Tax for Small Businesses
The latest tariffs impose a $200 billion annual tax on small businesses, increasing operational costs and economic challenges. The article explores the broader impact and ongoing concerns for small business owners.
The Supreme Court and Trump’s tariffs: an explainer
The Supreme Court is set to review the legality of Trump’s tariffs, after lower courts ruled most were unauthorized under IEEPA. The tariffs target China, Canada, Mexico, and global trade.
Small business owners are grateful for new tax breaks, but say it's not enough
Small business owners welcome permanent 20% income deduction, aiding future planning and reinvestment. However, ongoing challenges like rising prices and tariffs mean many feel the tax breaks are not enough.
Trump's tariffs driving up prices at nearly half of small businesses
Nearly half of small businesses report price increases due to Trump’s tariffs, leading to higher costs, tighter profit margins, and adjustments in pricing strategies to manage the impact.
How Will New Federal Policies Affect Your Small Business in 2025?
New federal policies in 2025 will reduce employer paperwork and may indirectly help small businesses. Changes in inflation and tariffs could raise costs, so small businesses should focus on careful financial planning.
