Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

Tax cut, bonuses for workers? Many businesses not sure yet

NEW YORK (AP) — Small business owners may want to hand out bonuses and raises now that there’s a new tax law, but many don’t know if they’ll have any wealth to share.

 

February 8, 2018



NEW YORK (AP) — Small business owners may want to hand out bonuses and raises now that there’s a new tax law, but many don’t know if they’ll have any wealth to share.

“We didn’t base any raises or bonuses on the tax situation because, quite frankly, until it actually happens, no one’s sure what’s going to happen,” says Rod Hughes, a vice president at Kimball Hughes Public Relations in Blue Bell, Pennsylvania. The company gave its seven full-time employees year-end bonuses last month.

It’s easier for big companies like Walmart and Home Depot to award bonuses because they...



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