The 2017 tax reform for economic growth and jobs to make America great again

The 2017 tax reform for economic growth and jobs to make America great again

President Trump presented his campaign promise to fill to grow jobs, with a big cut for corporate tax rates and a simplification for individuals. This biggest reform in US history fits on one single sheet paper. The details will follow later, but please read the main principles. The number of tax brackets will be only to three brackets: 10 percent, 25 percent and 35 percent. The previous top tax bracket was 39.6 percent, thus a reduction. A married couple will see the standard deduction doubled to $24,000. This change also means more couples will no longer need to itemize deductions. Making the process of filing taxes simpler. To support small businesses the 3.8 percent ObamaCare tax will be repealed. The repeal of the Affordable Care Act tax comes as Republicans are trying to replace the law all together as part of a massive health care overhaul. Business tax rate will be lowered to 15 percent from 35 percent today. Institutes “one-time tax on trillions of dollars held overseas.” Repeals the “Death Tax,” (estate tax) which applies to the transfer of property of a deceased person. Repeals the Alternative Minimum Tax, which was enacted as a penalty on wealthy individuals. This […]

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My Hair Extensions LLC

My Hair Extensions LLC

If you start a new hair extensions business, this means more than just finding a hair supplier and sell to your clients. It also entails dealing with various amounts of paperwork and compliance at the state, federal and local levels. On top of that, it is good to be prepared if your business grows from home based to a greater and more complex enterprise. It’s time to consider the incorporation of a LLC.

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Self-employed true or false?

Self-employed true or false?

If you are self-employed for tax purposes, you follow another tax regime than people who are working for a chief. But you have to be careful, sometimes in the hair industry salon owners offer self-employed workers to work for them, but except for the monetary reimbursement, the labour circumstances are the same. The reason to call the contract self-employed is because it is more cheaper and less paper work for the salon owner.

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How to purchase

Once you selected the hair extensions you want to sell you need to ensure to find a reliable hair extensions wholesaler. If possible it´s better to select more than one wholesale hair extensions supplier to make sure your business is not depending on one company. You can search for a hair extensions wholesaler with presence near your location, this allows you to try and feel the hair extensions before you buy in larger quantities and it will help you to get a good commercial relation with the hair extensions wholesaler. This relation will avoid unpleasant surprises and might work in your benefit to obtain better prices or the latest products. If you select a hair extensions wholesaler online, make sure you understand what is and what is not included in the price, try to receive a sample first and test the sample well before buying in larger quantities. But also try to find other people who bought previously from the company and check (via internet) the location the hair extensions wholesaler is located. Check before you buy, if any sales tax or value added tax is due once you import hair extensions, if you can’t transfer these taxes to your […]

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