The Labor Market’s Sudden Shift Towards Skilled Trade Workers is a Win for Blue-Collar Jobs
That’s correct! According to data, skilled trade jobs have experienced double-digit growth in demand since the start of 2023. This means that there is a significant increase in the number of job opportunities available in various skilled trades. Many industries are seeking skilled laborers to fill these positions, highlighting the importance and demand for these […]
2023 Taxes: Eight Things You Should Know Now
EIGHT THINGS TO CONSIDER AS YOU PREPARE TO FILE YOUR 2023 TAXES 1. Income tax brackets shifted faintly There are still seven tax rates, but the income ranges (tax brackets) for each rate have been slightly adjusted to accommodate for inflation. For 2023, the following rates and income ranges are applicable: 2. The standard deduction […]
IRS Announces 2024 Tax Brackets – Updated Standard Deduction
Here’s a breakdown of modifications to limits and thresholds for various well-known taxation regulations for the 2024 tax year. The IRS has announced that for the 2024 tax year, they will be making updates to several common tax provisions in order to keep up with inflation. These adjustments, also known as inflation adjustments, are crucial […]
Small Business News & Updates
*Note: Each article below has a link (Read More Button), to a PDF document with the complete article. TAX NEWS UNEXPECTED TAX SURPRISES No one likes to receive unexpected notices or communications from the IRS. Read more to discover some tax situations you might encounter and what you should do in each of […]
What Outlook Can Small Business Owners Expect For 2024?
As we approach 2024, the business landscape continues to evolve at an unprecedented pace. For small businesses, staying informed and adaptable is more critical than ever. On the one side, the US economy is growing, which creates opportunities. At the same time business owners will face numerous challenges. These include rising inflation, supply chain disruptions, […]
The Labor Market’s Sudden Shift Towards Skilled Trade Workers is a Win for Blue-Collar Jobs
That’s correct! According to data, skilled trade jobs have experienced double-digit growth in demand since the start of 2023. This means that there is a significant increase in the number of job opportunities available in various skilled trades. Many industries are seeking skilled laborers to fill these positions, highlighting the importance and demand for these […]
ENCOURAGEMENT to go from employed – to SELF EMPLOYED.
Absolutely! Transitioning from employment to self-employment can be both exciting and challenging. Creating a solid plan based on your current situation is a great way to start and minimize some of the uncertainties. Here are five straightforward ways to guide you through the process: Evaluate Your Skills and Passions: Take the time to assess […]
Small Business Accounting and Tax Updates
IRS officials are still emphasizing one of their priorities: preventing fraudulent claims for the widely advertised Employee Retention Credit. Congress’ recent move to shift $21.4 billion in funding away from the Internal Revenue Service as a condition for increasing the debt limit isn’t deterring the tax agency from moving ahead with its strategic plans […]
JUNE 2023 NEWSLETTER
Small Businesses Are In Limbo Due to New Borrowing Obstacles Banks are tightening lending standards and small businesses are paying the price. Some entrepreneurs are finding it more difficult to get a new loan or have had existing credit lines cut. Others report stricter terms, higher borrowing costs, longer waits and tougher questions from […]
HAPPY SMALL BUSINESS MONTH
Small Business Month is celebrated in May every year and is a special tribute to celebrate small businesses, their courage, community efforts, and hard work for an entire month! Did you know that small businesses are the backbone of the United States? Yes, according to a 2020 study by the U.S. Small Business Administration (S.B.A.), […]