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The Top Businesses Deductions

According to Small Business Trends, these are the top 25 tax deductions for small businesses. 

As a small business owner, you are probably always looking for ways to save money on your taxes. 

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Small Business Get Creative Without Loans

Some small businesses that didn’t get payroll protection loans still found a way to survive, reports CNBC.

Mark Shriner needed help. It was spring 2020, and his coffee shop in Lincoln, Nebraska, was at risk as the Covid-19 pandemic forced small businesses like his to close their doors.

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Businesses Look for Government Relief

As businesses continue to struggle with the economic effects of another Covid surge they look to the government for relief, reports News 5 Cleveland. 

As the U.S. continues to deal with the omicron surge, many small businesses owners are struggling to stay afloat. Now, they’re calling on Congress to provide additional federal aid to help them keep their heads above water.

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Lending Up for Small Business

Small business lending has increased, reports Small Business Trends.

Asides lending to small businesses from the big bank witnessing a rise, small bank approvals for the same period also increased.

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IRS Updates How Small Businesses Change The Accounting Methods

According to the Journal of Accountancy, the IRS has made it easier for small businesses to change their tax accounting methods. 

Under guidance in Rev. Proc. 2022-9 issued Thursday, taxpayers may obtain the IRS's automatic consent to change their tax accounting methods to comply with final regulations relating to simpler tax accounting methods available to smaller businesses.

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Small Business Feeling Optimistic

A new survey finds that small businesses are feeling more optimistic, reports CNBC. 

The vast majority of small-business owners say they finally see the light at the end of the Covid-19 tunnel, economically speaking. Other CEOs aren’t so sure.

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Small Businesses Hit Hard by Omicron

Omicron is pushing America’s small businesses to the brink, reports Bloomberg. 

Imagine you were born in modest circumstances and spent decades shaking off the limitations of your rural hometown. 

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Boosting Small Business In Underserved Communities

The Small Business Administration’s Council on Underserved  Communities is working on ways to boost small business in underserved communities, reports Small Business Trends. 

The Council on Underserved Communities (CUC) has held its first virtual meeting to discuss efforts to boost America’s small businesses and align the priorities of the various contributing groups for the coming year.

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Are 4 Day Work Weeks the Answer

According to the Guardian, offering 4 day work weeks could be the answer to solving the labor crisis.

Every small business owner I talk to has the same problem: we can’t find enough people to do the work we need. Well, I have an answer: perhaps we should be offering a four-day workweek.

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Government Contracts and Small Business

Getting a government contract could be an amazing boost for a small business, reports Small Business Trends. 

Learning how to get government contracts on local, state and federal levels is good for your small business. Small businesses prefer these contracts because they pay well. For example, the average federal contractor made over $100,000 a year in 2017.

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