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The Small Business Administration (SBA) plays a crucial role in supporting small businesses across the United States by providing resources, assistance, and access to capital. Its mission is to help entrepreneurs start, grow, and thrive in their businesses, contributing significantly to the overall economy. Small businesses are essential to the US economy, providing a substantial number of jobs and contributing significantly to tax revenue. There are approximately 33.2 million small businesses in the US, which make up 99.9% of all businesses in the country. Small businesses employ about 46.4% of all private sector employees in the US and are responsible for creating roughly two out of every three new jobs. They account for 39.4% of the total private sector payroll in the US, translating to a considerable contribution to income taxes, Social Security, and Medicare. Additionally, small businesses generate about 43.5% of the US's economic activity (GDP). https://www.bls.gov/ Who is Ke...

The confetti has settled, the champagne flutes are empty, and a fresh year, ripe with possibility, stretches before us. For small business owners, 2025 has the potential to be a year of significant growth and innovation. The current economic climate, while not without its challenges, presents a unique landscape for small businesses to thrive. Consumers are increasingly prioritizing local, sustainable, and authentic experiences, creating a fertile ground for small businesses to connect with their communities and build loyal customer bases. Government Initiatives: A Helping Hand The government has stepped up its support for small businesses in 2024 with several key initiatives: Increased Access to Capital:  Expect to see expanded loan programs and grant opportunities designed to fuel small business growth. In November of 2024, the Small Business Administration (SBA) announced its initiative to make things easier for traditionally underserved small businesses to access ca...

Inflation is an insidious force that silently erodes the value of our assets over time. While its impact on everyday expenses is apparent, its influence on estate planning is often overlooked . This article will explore how inflation affects estate planning and provide strategies to safeguard your legacy. Understanding the Impact of Inflation on Estate Planning Inflation directly impacts the value of your estate. As the cost of living rises, the purchasing power of your assets diminishes. This means that the estate you meticulously planned might not provide the same level of financial security for your beneficiaries as initially intended. Inflation and Estate Taxes While the federal estate tax exemption has been adjusted to account for inflation, it's essential to monitor these changes closely . A sudden spike in inflation could push your estate value above the exemption threshold, resulting in significant tax implications. State Estate Taxes: Many states impose estate taxes, ...