Tag Archive for: small business taxes

The Inflation Reduction Act and Taxes: What You Should Know

The U.S. Senate just passed the Inflation Reduction Act of 2022—a climate, energy, healthcare, and tax bill that would increase IRS funding, and change some tax policy and tax credits. The House of Representatives is expected to take up the legislation on Friday, August 12th In the meantime, it’s good to have information about how the Act might impact your taxes. CLICK ON THE HEADLINE FOR MORE

Biden’s $80 Billion Plan To Beef Up IRS Audits May Target Wealthy Small Business Owners

President Biden wants to boost IRS funding over the next decade to fight tax evasion from wealthy Americans and corporations. However, some financial experts say the plan may spark more audits for certain small businesses. FOR SOME TIPS TO AVOID TROUBLE,, CLICK ON THE HEADLINE

Questions Abound For Small Business Owners As Tax Season Approaches

In uncharted waters this tax season, millions of small business owners will be trying to determine if they qualify for a deduction exempting one-fifth of their income. CLICK ON THE HEADLINE FOR MORE

Six Smart Money Moves To Make In March

March's deadlines include health care checkups, financial aid forms, job-hunting moves—and chocolate discounts, CLICK ON THE HEADLINE FOR A MONTHLY MONEY TO-DO LIST