Global Resources Helps Small Business Owners in 2017

CHICAGO - Feb. 6, 2017 - PRLog -- Global Resources is a full-service business development group and general management consulting firm focused on helping small and medium-size businesses  thrive in the evolving marketplace.  When a new president is sworn in, it is typically associated with change in the small business arena.  In 2017, small business leaders are looking at several factors that may affect them, with two of the more popular being lowering taxes and changing the current healthcare system.

• Lowering taxes for the small business in America– President Trump campaigned on the promise that he would lower corporate taxes. However, there is a large difference between the statutory rate and the effective tax rate paid by businesses of all sizes because of the impact on tax credit, deductions and exclusions written into the tax code which often have favored certain industries with more political clout in Washington.  The owners of small and medium-size businesses can't just assume that with all the lobbyists for large corporations in Washington that the voice of the small business owner will be heard over the voices of large corporations.  Therefore, small business owners need to participate in this important debate in Washington to ensure that the tax reductions promised by President Trump are fair to small businesses and not overshadowed by the demands which large corporations will be making on Congress.


• Healthcare uncertainty – A report from the Treasury Department shows that many owners of  small and medium-size businesses in the United States have depended on the Affordable Care Act, aka Obamacare, for health coverage. In fact, one out of five people to obtain an insurance plan through the Affordable Care Act was a small-business owner, self-employed or both.  The owners of small and medium-size businesses will surely be affected by the promised repeal and replacement of Obamacare, so it is important that their voices are heard in the halls of Congress during the development and consideration of the promised replacement plan so that their needs are met.

About Global Resources LLC

Global Resources is a full-service business development group and general management consulting firm focused on small and medium-size privately-held companies in North America. We were formed to help small and medium-size businesses maintain positive cash flow, control costs and accelerate profitable growth, allowing entrepreneurs and managers to make the most of their work and their lives. Through business analytics, consulting and strategic tax planning, we are a lifetime resource that offers business owners the freedom to grow.  For more information, visit www.gr-us.com.