A bill called the Veteran Entrepreneur Act of 2021 (H.R. 5920) would create a tax credit for veterans who become franchisees. The credit would be 25% of the franchise fee not exceeding $400,000. So, the top credit could be $100,000. The credit would be reduced if the franchise were not 100% owned by the veteran. There had been a previous bill (H.R. 4433) with the same name introduced earlier this year to require the SBA to create a pilot program to help veterans small business entrepreneurship. Chances of either measure being enacted? Unlikely this year. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health