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148 \\ 2024 Election Tax Plans: What Trump vs Harris Could Mean for Your Small Business

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Thu 17 Oct 2024
Episode Link
https://smallbusinessfinance.podbean.com/e/148-election-2024-how-trump-and-harris-tax-plans-could-impact-your-business/

The 2024 election is weeks away, and tax policy could shift dramatically depending on who wins. In this episode, Tiffany breaks down the key tax proposals from Donald Trump and Kamala Harris and explains how they could affect small business owners. You’ll learn about plans to change corporate tax rates, extend or sunset the Tax Cuts and Jobs Act, new credits for startups, potential increases to capital gains, and regulatory rollbacks or expansions. These tax strategies and policies could have a direct impact on your profits, your planning, and how much cash stays in your business. If you want to get ahead of the changes and start tax planning now, this episode will give you a clear, practical understanding of what’s at stake in 2024.


 


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