March 12, 2024
Via: Small Business TrendsEstimated tax payments can be confusing, but they don’t have to be. Understanding the basics of estimated taxes and what you need to pay is key to making sure you stay in compliance with the IRS. Keeping up with estimated […]
February 19, 2024
Via: Small Business TrendsIsabel Casillas Guzman, the U.S. Small Business Administration (SBA) Administrator, has unveiled an updated Equity Action Plan in a bid to foster inclusivity and economic opportunity. This initiative is set to transform the landscape for America’s 33 million small businesses […]
February 7, 2024
Via: Small Business TrendsThe H-1B visa is a non-immigrant visa category in the United States, allowing U.S. employers to hire foreign workers in specialty occupations temporarily. These occupations typically require specialized knowledge and skills, often in fields such as technology, science, engineering, mathematics, […]
January 29, 2024
Via: COAs a business owner, understanding your federal, state, and local taxes is vital to your overall success. Knowing how and when to file reduces time spent navigating IRS forms — and helps you remain in legal compliance — so you […]
January 29, 2024
Via: COSmall business owners have no shortage of responsibilities: marketing, payroll, HR, IT services, and more. For busy entrepreneurs, especially those not well-versed in the financial sphere, tax season may feel daunting. Fortunately, small business owners are often eligible for several […]
January 24, 2024
Via: Small Business TrendsThe Internal Revenue Service (IRS) has released initial guidance to assist employers in implementing pension-linked emergency savings accounts (PLESAs). This development follows the authorization of PLESAs under the SECURE 2.0 Act of 2022, aimed at encouraging employees to save for […]
January 24, 2024
Via: Small Business TrendsThe Treasury Department and Internal Revenue Service (IRS) have announced a transitional phase in the implementation of new reporting rules for small businesses dealing with digital assets. This move grants temporary relief to businesses from the stringent reporting requirements for […]
January 19, 2024
Via: Small Biz ClubLosing a loved one is never easy. Amidst the grief, the legalities of settling their estate can feel overwhelming, especially in a complex legal landscape like Florida. Imagine Carlos, a young architect in Miami, grappling with the sudden loss of […]
January 16, 2024
Via: Small Business TrendsThe U.S. Small Business Administration (SBA) has taken steps to assist small businesses grappling with the challenges of loan compliance and repayment in the wake of the pandemic. In a move aimed at bolstering the financial health of small enterprises, […]
December 26, 2023
Via: Small Biz ClubBeginning January 1, 2024, new rules require some businesses to share ownership details with the U.S. government. This rule, called the Corporate Transparency Act (CTA), applies to companies filing reports with FinCEN, the Financial Crimes Enforcement Network. However, since the […]
December 20, 2023
Via: Small Business TrendsTo ensure the integrity of the Employee Retention Credit (ERC) program, the Internal Revenue Service (IRS) is initiating a comprehensive crackdown on erroneous claims. More than 20,000 disallowance letters are being sent out to taxpayers with disallowed ERC claims. This […]
December 18, 2023
Via: CODigital assets, which range from conventional documents and media files to cutting-edge technologies like non-fungible tokens (NFTs), are becoming increasingly vital to business functionality and branding. The importance of understanding and protecting these assets through trademarks is more significant than […]
December 14, 2023
Via: Small Business TrendsThe Internal Revenue Service (IRS) has released the standard mileage rates for 2024, reflecting an adjustment in the reimbursable costs of operating an automobile for different use cases. The new rates show an increase from the previous year, adapting to […]
November 20, 2023
Via: Small Business TrendsIntuit Accountants has announced significant updates to its suite of tax preparation products aimed at the 2023 tax year. These enhancements to Intuit Tax Advisor, Intuit ProConnect Tax, Intuit Lacerte Tax, and Intuit ProSeries Tax are designed to streamline workflow […]
November 15, 2023
Via: Small Biz ClubLet’s face it, no person or business gets a thrill out of hiring a law firm. Fortunately, peer-reviewed rankings have simplified the process. Best Lawyers, which has been tracking trends and innovations in the legal industry for more than four […]
November 1, 2023
Via: Small Business TrendsThe recent announcement at the Opportunity Finance Network (OFN) annual conference revealed the U.S. Small Business Administration (SBA) has permanently instated the mission-lending Community Advantage Program. This follows the introduction of 143 Community Advantage Small Business Lending Companies (CA SBLCs), […]
October 31, 2023
Via: Small Business TrendsThe Internal Revenue Service (IRS) has issued a reminder to the approximately 800,000 active tax return preparers about the importance of renewing their Preparer Tax Identification Numbers (PTINs) ahead of the 2024 filing season. Why PTINs Matter to Small Businesses […]
October 25, 2023
Via: Small Business TrendsThe U.S. Small Business Administration (SBA) has reignited its commitment to the 8(a) Business Development Program, a vital initiative established to assist socially and economically disadvantaged small business owners. This move comes after a recent U.S. District Court decision that […]
October 10, 2023
Via: Small Business TrendsThe Internal Revenue Service (IRS) reminded small business owners of the imminent tax filing extension deadline. If you’re among the millions who requested an extension to file your 2022 tax return, you must submit your Form 1040 by Monday, Oct. […]
October 5, 2023
Via: Small Business TrendsMany small businesses get their start as a sole proprietorship. After all, it’s the default business structure. If you’re a single business owner and never filed any official formation paperwork with the state, then you’re operating as a sole proprietorship. […]