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 them.
FOR YOUR INFORMATION
LATEST NEWS WITH STUDENT LOAN FORGIVENESS DEBACLE. YES, NO, MAYBE?
Since an appeal court initially blocked President Biden’s student loan forgiveness scheme more than a month ago, the legal challenges have only gotten more intense.
In August, Biden announced proposals to waive up to $20,000 in federal student loan debt for applicants who satisfy specific income thresholds. According to the administration, almost 40 million people could gain. However, it is currently contesting court decisions resulting from litigation that have stopped the policy.
SMALL BUSINESS/MARKETING NEWS
Want to Compete with Bigger Companies This Holiday Season? Offer Exclusivity
If you sell rare or exclusive products or services, you can likely charge more for them.
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Watson M. McLeish, C. D. (2024, February 29). Ensuring tax parity for Main Street businesses. Ensuring Tax Parity for Main Street Businesses | U.S. Chamber of Commerce. https://www.uschamber.com/taxes/impact-of-the-20-percent-pass-through-deduction?state=