What Taxes & Healthcare Laws Mean for Small Businesses

chess-boardThere’s a lot of talk about taxes and regulations and how changes to the system could impact small businesses. Recently, the chatter’s also included potential impacts from healthcare reform and the Affordable Care Act. But what do taxes and regulations really mean for you, your business or the small businesses you most often work with? We looked for a florist, a mechanic and an insurance agent —small business owners who consumers work with everyday—to ask how they handle the changing news. We ended up talking to an award-winning designer, finding the American dream and learning what it means to be an American entrepreneur. It made it hard to remember we intended to talk about taxes and regulations. In a nutshell, here’s how taxes work for a small business: Tax season is every season for a business. They pay estimated taxes every quarter, based on what they made at the same time the previous year.… Read More