Finally, the Feds Are Cutting Startups Some Slack

Living in probably the only country in the world where guns remain less regulated than startups, many founders and small-to-medium-size (SMB) business owners probably anxiously awaited news of December’s Tax Cuts and Jobs Act, expecting the worst.

However, while the terms “pleasant surprise” and “tax reforms” are rarely found in the same sentence, a close look at the proposed changes highlights a number of potential benefits (and some drawbacks) to startups and SMB owners. That said, far too many small-business owners — especially now that their 2017 tax returns are behind them — seem to be avoiding diving deep into the new law.