Billion Dollar Blind Spot: How the U.S. Tax Code’s Small Business Expenditures Impact Women Business Owners

“Taxation plays a key role in the survival and growth of small businesses, primarily through its effect on equity infusion. The major source of equity capital for expansion of a business is reinvested profits. The amount of tax the business must pay determines the amount of money available for growth and expansion.” – U.S. Dep’t of Commerce, Interagency Task Force on Women Bus. Owners, The Bottom Line: Unequal Enterprise in America (1978)

Thinking back to when you first launched your business, did you incur any of the following start-up expenses in that year?

Did you deduct up to $5,000 of those start-up expenses on your tax return in the year you started your business?

In this fascinating study, Caroline Bruckner of the Kogod School of Business explains how the U.S tax code’s small business expenditures impact women business owners.