Weekly Wisdom

Are the Fears of Being an Entrepreneur a Sign?

Some people think that their fears of being an entrepreneur are a sign that they shouldn’t be an entrepreneur, that they aren’t cut out to be an entrepreneur. This couldn’t be further from the truth. Fears are there for a reason and this video explains why and what you should do about them.

What You Need to Know about the Section 199A Deduction

(AKA the Qualified Business Income Deduction)

The Tax Cuts and Jobs Act of 2017 provides a significant tax break for small business owners under Section 199A also known as the Qualified Business Income Deduction.  This video is going to explain why business owners are so excited about this deduction, how it works, who gets this deduction, who does NOT get this deduction, how to determine the deduction, and share some examples to help clarify all of this.  This deduction will certainly help reduce the taxes paid by business owners, but there are rules and limits….of course.