NEWS

March 28, 2019

Many of the changes for small businesses in the Tax Cuts and Jobs Act (TCJA) went into effect last year, and initial reports suggest that small business owners are seeing larger returns, despite the average taxpayer generally receiving a smaller refund.

The biggest impact of the TCJA is the introduction of a new major tax deduction. Available for qualified business owners at the head of "pass-through" organizations, such as sole proprietorship, S-corporations and partnerships, the tax break allows for the deduction of 20 percent of qualified income.

While that’s great news for many small businesses, there are some major caveats.

  •  According to the IRS, small business owners who file as single individuals can only take the deduction if their taxable income is less than $157,500. Those who are married and file jointly must have income less than $315,000. These limits are in place regardless of which industry the business operates under.
  •  “Specified Services Trades or Businesses” (SSTB) that deal "in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services" and other similar fields are unable to take the deduction if their income as a single filer exceeds $207,500, or $415,000 as a married filer. Instead, those business owners are eligible for a smaller deduction if their income is above the regular $157,500 and $315,000 thresholds but under the SSTB limitations.
  • The elimination of a large portion of the entertainment expense deduction. Up until the TCJA's passage, businesses of all sizes could deduct entertainment expenses they accrued while wining and dining clients. Taking clients out for business-related meals is still deductible at 50 percent. Promotional events are also still deductible, if the company's message is the focus of the event. In addition, gatherings for employees, such as a holiday party, are also still deductible.
Home is where the heart is. But for more than two thirds of all start-ups, home is also where the business is. Internet commerce and mobile technology have made it possible for entrepreneurs, and their workers, to survive and thrive, from the comfort of their own homes.  At this time of year, as thoughts naturally turn to hearth and home, your friends at TBS Capital Funding would like to remind you that your home office is a great tax deduction. The IRS offers two ways to calculate this deduction – the old
January 27, 2016

Home is where the heart is. But for more than two thirds of all start-ups, home is also where the business is. Internet commerce and mobile technology have made it possible for entrepreneurs, and their workers, to survive and thrive, from the comfort of their own homes.

If you started a small business in 2015, first of all: congratulations! Small business is the backbone of the American free-enterprise system. Economics is just a class you take in high school until you’ve overcome doubt and fear and put your own time, talent and treasure on the line.  The life of a business is full of milestones. For 2015 start-ups, one of those milestones comes with turning the calendar page over to January 2016. If you’ve never owned a business before, you may not be aware that any expen
January 22, 2016

If you started a small business in 2015, first of all: congratulations! Small business is the backbone of the American free-enterprise system. Economics is just a class you take in high school until you’ve overcome doubt and fear and put your own time, talent and treasure on the line.

Document, document, document – you’ve heard it a thousand times. But let’s be honest: There are many state, local and federal reporting requirements and regulations that it’s hard to keep up with them all, around the real work of finding clients and fulfilling orders.  Small business owners tend to spend first, and document later. There’s no shame in that; it’s more common than you might think. But failure to document can be a real problem when it comes to things like mileage deductions and business expense
January 18, 2016

Document, document, document – you’ve heard it a thousand times. But let’s be honest: There are many state, local and federal reporting requirements and regulations that it’s hard to keep up with them all, around the real work of finding clients and fulfilling orders.

Small business owners tend to spend first, and document later. There’s no shame in that; it’s more common than you might think. But failure to document can be a real problem when it comes to things like mileage deductions and business expenses.

Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.  Most customers are pretty predictable. It may take them a while to pay – which is why it makes sense to factor your accounts receivable – they can usually be relied on to pay within a few weeks of receiving an invoice.  And then there are the exceptions. It could be a big client that stretches out payments because they can. Some large corporations
January 11, 2016

Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.

Most customers are pretty predictable. It may take them a while to pay – which is why it makes sense to factor your accounts receivable – they can usually be relied on to pay within a few weeks of receiving an invoice.

When you transform accounts receivable to cash with TBS Capital Funding, you get much more than fast cash. You get a whole team of small business experts dedicated to making your life easier so you can focus on growing your business.  Here are a few ways we’re making a difference for our clients, every day:  COLLECTIONS Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.  CREDIT PROTECTION We know c
January 05, 2016

When you transform accounts receivable to cash with TBS Capital Funding, you get much more than fast cash. You get a whole team of small business experts dedicated to making your life easier so you can focus on growing your business.  Here are a few ways we’re making a difference for our clients, every day:

COLLECTIONS

Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.

CREDIT PROTECTION...

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