In Europe, certain member states have reduced VAT levels, or exemptions for businesses earning under a certain amount. This is not entirely the case across the USA; but from state to state it is possible to find certain schemes which have been put in place to help small businesses find their feet. For example, in New York, the scheme “Start Up NY” helps businesses through tax-based incentives, and offers new and expanding businesses the possibility of going tax-free for 10 years. There are restrictions to this, however, as this applies to businesses which are on or near eligible university or college campuses within New York state, but nevertheless, if a business is partnered with a college or university, joining this scheme could help it for the first ten years of its operation. There are a few businesses, which are not allowed to apply for this scheme, including: restaurants, retail and wholesale businesses, hospitality, real estate companies, as well as medical and dental practices. For the full list, visit the StartUp NY webpage. It will be worth your while to inform yourself of any other small business schemes that your state or even local government may have. It is also important to see which small business regulations your state may have in place, and keeping up to date with tax information. For example, as of 2018, there was a change to first year bonus depreciation, which could massively help small businesses.