How Taxes and Economic Policy Affect Your Small Business

Here at the Rules of Thumb blog from MoneyThumb, one segment of our readership we like to focus on regularly is small business owners. Experience has shown us that small business owners are always on the lookout for ways to improve their business and have greater success. In our effort to continuously educate and inform small business owners who read our blog, today we would like to share a great podcast episode we found on the website of Story Brand titled, How Taxes and Economic Policy Affect Your Small Business. Below is a short description of the podcast:

“You should spend none of your time worrying about your taxes and trying to make more money. That’s what we should be trying to achieve in this economy.” – Arthur Laffer

If you’re a business owner, then you know how to pay your taxes. But do you understand the basic economic principles of how those taxes work? Or how economic policy affects your business’s growth? Today on the Building a StoryBrand podcast, Donald Miller talks with Art Laffer, a prominent American economist whose ideas have shaped policy from the Reagan administration through today.

He gives us an accessible primer on how taxes work — plus, we dive into other economic policy like trade, debt, and more. It’s straightforward, easy-to-understand, and frankly, a whole lot more fun than your Econ 101 class ever was.

By clicking on the link below, you can listen to the full podcast on iTunes.

[LISTEN NOW ON iTUNES]

The Rules of Thumb blog from MoneyThumb believes the above podcast is an important one for small business owners to listen to. Understanding how taxes and economic policy affect your small business is a crucial part of business success.

Another effective way to help your small business achieve greater success is by using the best PDF financial file converters on the market. MoneyThumb has created a version of our PDF financial file converters specifically designed for small businesses. We offer a free test drive for anyone who is considering purchasing our software so that you can experience how it works for your small business. Follow this link to download one of our many trial versions.

*MoneyThumb trial versions will run a full conversion, but only record up to 10 transactions, with the exception of CSV2QFX, CSV2QIF, CSV2QBO & CSV2OFX (which will record up to 5 transactions).