Small businesses are the lifeblood of any healthy economy. In New Jersey specifically, small businesses make up 99.6 percent of the total businesses in the state. In total, small businesses employ approximately 1.8 million people in the state, or 50 percent of the private workforce. These businesses, defined as having fewer than 500 employees, need […]
business
Only 13% of business’ tax cuts are going to workers, survey says
Businesses are going to spend their big tax cut savings on investors, new equipment, getting out of debt and buying other companies. Oh, and workers. Employees will get a tiny piece, too. A very tiny piece. Only 13% of companies’ tax cut savings will go to pay raises, bonuses and employee benefits, according to a […]
Tax Law Means New Choices For Small Business
As Congress debated a new tax law at the end of last year, Jerell and Elissa Klaver began revising their company’s plans for 2018. The Klavers crunched the numbers, estimating how a lower tax rate and bigger deductions on equipment purchases could help increase their sales of bath soaps and other personal care products. They’ve […]