It's a Small World, and Getting Smaller


SMALL BUSINESS
 
A recent study predicts that the number of U.S. small businesses trading globally will substantially increase, due to cross-border business opportunities, technological advances that help broaden social networks and reductions in export costs.
 
According to the Intuit Future of Small Business Report, a study that looked forward 10 years to examine the future prospects, influences and economic landscape of small business, almost half of U.S. small businesses plan to be involved in global trade by 2018.

The full report is available at www.intuit.com/futureofsmallbusiness.

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Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.