National Be Heard Day

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March 7th, 2019 is National Be Heard Day. Small businesses, this is your day to be heard. In a marketing world dominated by large business, today is for you. Think of a great new marketing idea. Or maybe a public relations event. Be creative and get the word out. Look at current social media trends and see if you can take advantage. Find a way to stand out in the crowd.

Another great way to celebrate is to get out in your own community and visit other small businesses. Let them know you support them.

Use #NationalBeHeardDay on social media.
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Homestead FAQ, Employee

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Posted 12 months ago

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Reform the Dodd-Frank act to loosen lending practices for small businesses.  Currently, if a small business or an individual with 1 or more schedule C's takes all of the deductions allowed on its or his/her tax return, they may not be able to borrow or qualify for a mortgage, even if the history shows excellent payment record and excellent credit.  The Lender now looks at the bottom line, the Adjusted Gross Income on the tax return.  As a professional and an owner of several small businesses, I file several Schedule C's, a Schedule E and also am the stockholder of a small C Corp.  The Dodd-Frank Act killed my ability to borrow money as an individual for my businesses and to qualify for mortgages to refi or purchase, even though I can show the ability to make the payments through gross income.  We are encouraged to take allowable tax deductions, but to do so is devastating.  President Trump takes his tax deductions.  We should be able to do so also and not be penalized.  Lenders should be able to look at payment history, credit, and gross income, NOT net income, plus other factors, such as a banking relationship with the person or business, the person's or business's reputation and make a decisions.  Decisions should not be based on the Adjusted Gross Income as shown on Page 1 of the 1040 federal tax return, or the net of a Schedule C.  The Act has harmed my ability to grow my businesses, to advertise and hire additional persons that would in turn provide employment and help the economy.

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