We finally passed an update to the budget.
Well, not really.
What Congress passed was a “pass the buck” bill- an agreement to keep the government functioning, while our Congress folks ostensibly try to determine how much money each federal department will be allocated. One should note that half the year has already passed and we still operating using last year’s appropriations.
10 AM, 22 December 2022 Updated 23 December 2022
The bill is going to pass but the 1099K amendment proposed by Senators Bill Hagerty (TN, R) and Joe Manchin (WV, D) has failed. But, the IRS has granted a 1 year reprieve, so it won't be 2023 taxes are filed that this provision will kick in.
Continue reading 4155 Pages Long
Ah, yes. The truth- and the dangers- are now becoming obvious.
The GOP was desperate to provide a benefit to their benefactors. So, they lowered the corporate tax rates to a ridiculously low 21%. Even though most corporations never paid the much bandied about 35% rate. (Only professional corporations and small businesses got stuck with that level of taxes. Big corporations always hid- and still do- their profits from the tax man.)
Continue reading The situation is becoming untenable
OK, now, you’ve started on your family budget- what about your business budget? And, does that plan coincide the goals of your business plan? (Don’t even start by telling me you don’t have a business plan. If you don’t know where you want to go- how will you get there? And, how will you know if you did?)
Continue reading Businesses need budgets, too!
