The end of the year is a great time to review your small business financial checklist and make sure that you are ready for the upcoming year.
Tax Season 2021
The blue wave has arrived. The democratic party has control over the House, Senate, and Presidency. What does this mean? It will be a lot easier to implement tax reform. The Paycheck Protection Program is back, the relief program for businesses with 500 or fewer employees; this tax season covers the SBA Loan PPP, ERTC, and EIDL.
Today’s business owners are facing serious challenges that allow their business to grow. Learn from Santa’s Tax Savings Success Business.
Commercial loans are great because you can fund your business; be on the lookout for high interest rates when you apply for a commercial loan.
Inflation has been rising over the past year. Taxes haven’t increased as quickly as inflation, but now it’s possible to pay more in taxes than you used to; this is because the IRS calculates taxes based on income and inflation.
The Biden administration has introduced a series of tax proposals as part of the Build Back Better initiative to pay for new government programs such as education and infrastructure.
House has agreed to a motion to concur in the amendments made by the Senate to the Bipartisan Infrastructure Bill.
A billionaires tax on unrealized appreciation has floated to make up for the billions of dollars in new revenue that would be raised by tax increase.
Build Back Better Act has been launched includes approximately 1.75 trillion dollars to combat climate change, extend health care and ease child poverty.
With the new tax hikes proposal developed this week in Washington, there are notable changes coming to your capital gains and dividend income taxing.
Tax hikes are back into the mind of legislators as they debate who will pay for the newly proposed 4.5 trillion dollar infrastructure bill.