The Benefits of Tax Cuts and Jobs Act on Franchising
The Benefits of the Tax Cuts and Jobs Act
To demonstrate the positive impacts of the recently passed Tax Cuts and Jobs Act, many of our members have pledged to reinvest and grow their businesses, thanks to the beneficial changes to the tax code. Click here to add your name to the pledge! Want to know how the reformed tax code has benefited our members? Check out some of their stories:
John Robert White, FASTSIGNS, VA:
“We have certainly seen the economy improve and have invested back into our employees and into the business (better equipment) as a result. We have increased the average salary of our hourly employees and provided the sales employees/team members with better bonus and commission plans."
Chris Howard, Sr. Account Executive, FASTSIGNS, VA:
"I have been able to invest not only in my future but the futures of my children. I have a 15-year-old autistic son and have been able to provide extra activities to stimulate his mind. Most autistic children and adults require extra stimulation and therefore their brain reacts to varying mental fixations. With the recent tax cuts, it has made it easier for us to provide him with more activities which helps him medically by keeping his mind settled. That has been a true blessing to us. We are putting away more money each year to help with all three of their futures and especially my autistic son Landon. The future is certainly on the right path and I am excited to see what it holds. Thank You, Mr. President and all those who helped with this tax reform."
Jillian Nuckols, Director of Key Accounts, FASTSIGNS, VA:
"My husband and I have seen an increase in our checks which would add up to about $1,200+ extra this year. We have continue to put the extra income towards our mortgage and vehicle payment. We were very much terrified for the future of our three kids--- how on earth would we pay for college tuition for three children at the same time?! So we save everything we can. The more money we are able to make, the faster we can pay down any debt--- car bill, credit cards, doctor bills---- and any extra that comes in goes into savings. We have also been able to invest extra money this month into a new life insurance policy on myself, in order to further prepare my family and children for the unexpected. Every little bit helps & we are excited for the future now!"
Larry Patterson, Franchise Owner, Glass Doctor, TX:
"The new tax bill has allowed us to increase wages and expand our business by adding additional space, a new showroom, vehicles and add employees."
Shane Price, Account Manager, Glass Doctor, TX:
"My boss was able to increase my pay and with the tax cuts I have been able to afford to pay for the wedding my fiancé wants coming up at the end of this month, maximize my HSA account, purchase a secondary vehicle to travel to and from work and put 9 percent a check into an IRA."
Chase Pierson, Manager, Special Operations Division, Glass Doctor TX:
"My boss was able to give me a larger raise from the extra money from the tax bill. With that additional money I recently purchased a new vehicle. I wasn’t planning on doing this until much later but due to the additional money I was bringing home I was able to complete."
