Will Donald Trump Help Houston Small Businesses? 10 Reasons Why
Since President Trump took over, there has been a lot o0f talk about how his policies would be just what the doctor ordered for small businesses. Houston historically has always been a place which was very conducive to starting businesses but it has been said that due to the new administration’s policies small businesses will thrive even more. This article will look to point out 10 of the ways we think Donald Trump will help small businesses grow.
The president’s move to offer tax relief to small business owners is one of the main reasons that will help such businesses massively. This is because with tax breaks such businesses will have money left over to reinvest. It will boost the bottom line and help owners to spend more money in training their staff for example, boosting productivity. This move has been extremely helpful to many Houston based companies like runrex.com which has seen profits and revenue rise in the last year due to the tax cuts.
The Trump administration also has a new policy that states that small businesses will get tax write-offs for any of their capital investment expenses like equipment, computers, buildings etcetera. This is good news as it will help them grow and expand creating more wealth and more jobs for the Houston community.
Small businesses in Houston will also be accessible to full loan business expensing enabling them to fully deduct interest expenses. This will make it easier for small business owners to pay up or manage any debt incurred when borrowing to start or expand the business. This is excellent news for small business owners who in the modern era find it hard to access capital to start or grow their businesses and has seen Houston based businesses like ppchire.com benefit massively as they have been able to access loans and have thus expanded and grown massively over the last year.
There is also a new provision by the Trump administration that provides for family leave tax credits. This will be highly beneficial to small businesses in Houston in solving the long standing problem that arises when employers have to pay when their employees need leave. This is usually a non-issue for big businesses but a headache for their small counterparts. This credit, although running until 2019 only, will be a big boost for small businesses and employers are advised to take advantage of it.
Donald Trump’s push in favor of those businesses that are based in the US over those that have moved part or all of their processes abroad is another way that will be a boost for small businesses in Houston. This is because small businesses employ locals and can’t move say manufacturing abroad. This means that these businesses will receive breaks that will enable them to not only create wealth for the business, but for the employees and the communities too. Businesses such as bitgale.com which have strong links with the Houston community have been major beneficiaries of this push as they have continued to advocate for jobs for locals and have seen their efforts help the community grow.
Another major win for small businesses in Houston due to the Trump’s administration’s policies is that there is likely to be an increase in bonuses and even salary hikes for employees. This is good news as it not only means that businesses are doing well but it leads to a well remunerated, happy and therefore more productive workforce. This will also help in improving the lives and communities in the Houston area.
President Trump’s onslaught on Wall street and the whole “draining the swamp” movement he instigated will be music to the ears of those in Main street where small businesses fall into, including in Houston. This main street love-in is sure to provide an enabling environment for such businesses to thrive and grow in Houston. Such establishments had come under increasing pressure from their bigger counterparts.
Freelancers, sole proprietors and their likes have not been left behind either. They are now in for tax rate breaks of up to 15% which is fantastic news to such businesses as they were previously heavily taxed, almost to oblivion. Houston like most areas has seen a spike in the number of freelancers who offer assistance in various fields and are easy to locate and are cheaper to contract. They serve a very important purpose in the fabric of society and this provision by the Trump administration is sure to be well received.
The Trump administration’s policy on trade is also another key aspect that could lead to good times ahead for small businesses in Houston. This is because the president has reaffirmed his intention of revising the NAFTA trade agreement and also ensure that any trade deals the country gets into henceforth is made with the American business owner at its forefront. Such policies, though not without their critics, if they turn out favorably they will mean increased business for small businesses and therefore increased profits.
One of the main issues that has weighed down small businesses everywhere including in Houston is the matter of health care and insurance in the work place. Donald Trump’s administration has been looking to reconfigure health care policies in a way that will lower soaring premiums from private insurance companies which in turn will make insurance for employers and employees more affordable for small businesses a major win for such establishments.
The above are just some of the reasons in which Donald Trump and his policies are sure to be of help small businesses in Houston Texas. For such businesses they are bound to be like music to their ears and they will be hoping everything turns out favorably. As usual the above only just scratches the surface and more on this can be found by visiting bitgale.com and ppchire.com as well as the always reliable runrex.com