Hiroshi Tanaka moved on peacefully, surrounded by the love of his family, after a fulfilling and adventurous life. Born in a small, picturesque town...
Margaret Foster passed away at the age of 84, her life a testament to her nurturing spirit, her intellectual curiosity, and her unwavering strength.
Margaret...
Robert McCarthy left us at the age of 81, his life an enduring legacy of perseverance, wisdom, and compassionate leadership.
Robert was a lifelong resident...
Lawmakers added the temporary QBI deduction to the Tax Cuts and Jobs Act to create tax rates for pass-through businesses that are similar to tax rates for corporations. But while the QBI deduction will sunset after 2025, the legislation permanently reduced corporate taxes by dropping the top federal rate from 35% to 21%. For tax
During the ERC review period, the agency processed 28,000 claims received before September 2023 worth $2.2 billion and disallowed more than 14,000 claims worth $1 billion, according to the release. Overall, compliance efforts for erroneous ERC claims have topped more than $2 billion since last fall, the IRS said. "This is one of the most
EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford, New Jersey, was a welcome change of scenery. Gibson's participation at the ski park was made possible through the Hoods to Woods Foundation, a nonprofit based in New York and New Jersey that
After a year of studying the basis-shifting issue, the agencies announced their intent to issue proposed regulations. They also released a revenue ruling on related-party partnership transactions involving basis shifting without "economic substance" for the parties or "substantial business purpose." The plan builds on ongoing IRS efforts to increase audits on the wealthiest taxpayers, large
The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC. The SBA is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency's
Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck between a rock and a hard place when it comes to this burgeoning health insurance coverage market. Small businesses employ roughly half of the
"But when you have a 60-second video, you aren't trying to convey that nuance," Metras said. If you're planning to hire your children this summer, here are some key things to know, according to financial experts. Employing your kids can be 'tax-savvy' "Hiring your child can be a tax-savvy move," said certified financial planner Sean
Count Baked by Melissa founder Melissa Ben-Ishay among the entrepreneurial success stories founded on getting out of the corporate rat race. Before starting her company, Ben-Ishay worked at an ad agency in New York City – a role she felt unfulfilled in. The day she was fired was an "aha moment," she recently told CNBC.
Between rising costs for groceries and fuel, increased debt levels, and shrinking savings, people are having trouble seeing the overall economic growth reflected in their bank accounts. Our recent research with CNBC showed that the "vibecession" has a hold over many people, and now those sentiments appear to resonate with small business owners as well. The
The fight against inflation was going well for the Federal Reserve and economy for much of last year and into 2024, but one important demographic remained unconvinced about the progress being made in lowering pricing: small business owners. Now, more influential parties are coming around to a view that small businesses have been stubborn in
