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Thank you to Independent We Stand for providing the content on 5 Small Business Trends to Watch in 2023. by Emma Newbery | Published on Nov. 24, 2022 Key points Small businesses need to prepare for a potential economic downturn next year. Technology is always developing, and it pays to consider how it can help…
Read MoreThank you to CO–U.S. Chamber of Commerce for providing the content Everything You Need to Know About Veteran Entrepreneurship. Military veterans choose entrepreneurship for several reasons, including the ability to be one’s own boss. Here are some top resources designed to assist veteran business owners. By: Karen Kroll, Contributor Military veterans choose entrepreneurship for several reasons,…
Read MoreThank you to CO–U.S. Chamber of Commerce for providing the content 6 Inexpensive Ways to Thank Your Customers This Holiday Season. Show your appreciation to customers this holiday season by offering free gifts, special offers, thank-you cards, gift cards, and more. By: Kaytlyn Mroz, Contributor As the holiday season nears, ample opportunities exist to capitalize on…
Read MoreThank you to IRS- Internal Revenue Service for providing content on Tip income is taxable and must be reported. FS-2022-37, October 2022 People who work in restaurants, salons, hotels and similar industries often receive tips for the customer service they provide. Tips can be taxable income, but it’s important for people working in these areas…
Read MoreThank you to IRS- Internal Revenue Service for providing content on Know the difference between a hobby and a business. FS-2022-38, October 2022 Most people take up hobbies for personal enjoyment, not to make a profit. Sometimes, however, the line between hobbies and businesses isn’t clear cut. There are several different factors people should consider…
Read MoreThank you to IRS- Internal Revenue Service for providing content on IRS updates tax gap estimates; new data points the way toward enhancing taxpayer service, compliance efforts. IR-2022-192, October 28, 2022 WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates on tax years 2014 through 2016 showing the estimated…
Read MoreThank you to IRS- Internal Revenue Service for providing content on IRS seeks comments on upcoming energy guidance. IR-2022-193, November 3, 2022 WASHINGTON — The Internal Revenue Service today issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act. The IRS anticipates that…
Read MoreThank you to IRS- Internal Revenue Service for providing content on IRS-CI releases FY2022 annual report highlighting more than 2,550 investigations, 90% conviction rate; enforcement actions focused on tax fraud, money laundering, cybercrimes. IR-2022-194, November 3, 2022 WASHINGTON — In fiscal year 2022, IRS Criminal Investigation initiated more than 2,550 criminal investigations, identified over $31…
Read MoreThank you to IRS- Internal Revenue Service for providing content on IRS Independent Office of Appeals’ priorities for 2023 focus on taxpayer service IR-2022-195, November 4, 2022 WASHINGTON — Today, the IRS Independent Office of Appeals released its focus guide for fiscal year 2023. Appeals is taking important steps to expand communications with external stakeholders and…
Read MoreThank you to IRS- Internal Revenue Service for providing content on Nine million people who missed expanded tax benefits still have time to file. COVID Tax Tip 2022-166, October 31, 2022 More than nine million people may qualify for tax benefits but didn’t claim them by filing a 2021 federal income tax return. Many in this…
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