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Discuss questions: You are a prospective business owner or just recently opened your small business and plan on expanding it. Search the current news and find a piece of news brief that would affect your go/no go/stay put decision. Explain why and how the news information that you found affects your decision to start (or not) your prospective business or expand/not expand your recently established small business.
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Check My Assignment!Order instruction:
Read below those two students posting and write responses for each two students. Your responses must be substantive and add value to the original post by your colleagues. ( 2-3 sentences for each response, EASY WORDS please)
—–First posting:
Tax Cut Encourage People to Start Their Small Business
I read the news titled “8 Reasons to Start Your Business in 2019”, the news indicated some good policies that will encourage people to start their own small business in the United States. After read the news, I think it’s the perfect time to start my prospective business now. And two of the eight reasons from the news affect me most, the first one is the tax cut, and the second one is big banks are approving more small business loans.
The news indicated that recent tax reforms include improvements for small businesses. The new tax deduction allows business owners to deduct 20 percent of their taxable income if it’s less than $157,500 ($315,000 if filing married). Small business owners can get benefits from the tax cut, which means running a small business is easier and more affordable than it was in the past. The news also shows that big banks are approving more small business loans, according to a November 2018 Biz2Credit Small Business report, that has been a 26.9 percent increase in small business loan approval rates. Financial problem is one of the big concerns for most small business owners, tax cut and loans would solve some financial problems for the small business owners, and encourage more people to start their own small business. And that is also the reason makes me want to start my prospective business.
Reference:
Jennifer, L. (2019, Jan. 19). 8 Reasons to Start Your Business in 2019. Retrieved from https://startupnation.com/start-your-business/reasons-start-business-2019/
—–Second posting:
US cancels trade planning meeting with China, source says
The White House rejected a trade planning meeting with Chinese counterparts this week due to outstanding disagreements between the two sides over the enforcement of intellectual property rules.
Should Beijing and Washington fail to agree on a permanent solution, President Donald Trump has said he will reinforce punitive tariffs on roughly half of all Chinese exports to the U.S
Asked for comment, the White House told CNBC that “the teams remain in touch in preparation for high level talks with Vice Premier Liu He at the end of this month.” The Treasury Department and the U.S. trade representative’s office did not respond to requests for comment
As news shown , there is still a big uncertainty of trade agreement between USA and China and there will be more risk on exporters and importers .We can not be sure that whether there will be in success or failure on trade agreement and We can not guarantee that whether there will be less tariff or more . The tariff has a huge impact on imports and exports . So according to this news , I decide to stay put on my export business and I will not expand my business until there is a certain result of trade war .
reference: https://www.cnbc.com/2019/01/22/us-cancels-trade-planning-meeting-with-china-source-says.html
