Leo Hickman, the founder of Classy Hippie Tea Company, has been in business for seven years. Hickman said under the current economy, “there is monetary value, even if you are losing” because Trump “just put in tax breaks for owners,” the American Tax Cuts and Jobs Act, that can be written off.
The American Tax Cuts and Jobs Act passed in December and will have some benefits to small business owners. The National Federation of Independent Business says small business owners will be able to file as “pass through entities,” which allows owners to file and pay as an individual.
