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Women in STEM, Tax Tips, and Trump’s Economic Playbook
TL;DR: The Fed Cuts Interest Rates, $10k Grant of the Week, and the Impact of Trump's Presidency on Your Small Business.
Laura Texidor
November 09, 2024
We know times are a little bumpy, but it’s moments like these when resilience, innovation and creativity need to come together in the most amazing ways. With a re-energized focus on women’s empowerment, we’re here to help you navigate it all. 💜
Our mission is to support women build their businesses and grow financially. In this newsletter, you can find our AI-powered chatbot, Vestie. She helps you access free money, answer your burning tax questions and so much more. We value your support and while we build our app we are honored to have you on this journey with us!
🪐 Resources for you:
Max Your Tax: Our essential deduction checklist for small businesses.
Deadline for BOIR is Jan 1, 2025: We’ve got a straightforward guide to help you file in under 5 minutes!
Free Money Alert 🚨: Just ask Vestie! She’ll point you to grants tailored to your business needs. “For example: Show me grants for photographers.
👩💻$10,000 for Women in STEM
If you're a woman entrepreneur in tech or STEM, this one's for you! The Amber Grant is offering $10,000 to help you grow your business and bring your innovations to life. 📅 Apply here by November 30th
💡 Want more grant opportunities tailored to your business? Chat with Vestie!
🏦 Finance Fix
In September, the Federal Reserve implemented a significant rate cut, followed by an additional quarter-point reduction. Despite these measures, mortgage rates have continued to climb for the seventh consecutive week.
This trend persists even as inflation approaches the Fed's 2% target, a scenario that typically leads to lower mortgage rates. However, investor optimism regarding the economic outlook under the Trump administration appears to be influencing this upward movement in rates.
As a small business owner, the time to borrow for your small business may be coming soon, as interest rate cuts tends to boost lending. It's crucial to stay informed about these developments, as they can impact borrowing costs. We'll continue to monitor these trends and provide updates to help you navigate the evolving economic landscape.
🇺🇸 What a Trump Presidency Could Mean for Small Businesses
Trump’s return to the presidency brings potential economic shifts that could directly impact your small business. While policy changes are not set in stone, here’s how some of his proposed plans might shake things up, and what you can do to stay ahead.
Tax Breaks: A Potential Cash Boost: Proposals include extending the Qualified Business Income (QBI) deduction, offering LLCs and S-Corps a 20% tax break. Immediate expensing for machinery, equipment, and R&D could also return, giving businesses faster write-offs for big investments.
Tariffs: Supply Chain Wildcard: With tariffs of up to 60% on Chinese goods and increases on other imports, costs for businesses relying on foreign suppliers could rise significantly.
Payroll Relief for Service Industries : Eliminating taxes on tips and reducing overtime taxes could ease payroll costs for businesses in hospitality and service sectors, freeing up cash for other priorities.
We’re thrilled to have you with us on this journey. Stay tuned for more tips, resources, and grants to help your business thrive! 🌟
In Abundance,
Joyce and Laura
Disclaimer: The content provided in this newsletter is for informational purposes only and is not intended as financial, legal, or professional advice. Investrio does not guarantee the accuracy, completeness, or reliability of any information presented. Always seek the advice of a qualified professional regarding your specific financial or business needs. Investrio is not responsible for any actions taken based on the information provided in this newsletter. Any third-party links are for convenience and do not imply endorsement.
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