Everyone’s Favorite Small-Business Tax Deduction Gets a Boost for 2025 and More May Be on the Way
In addition, the total spending allowance to claim the deduction has been increased to $3.13 million. Once that cap is ...
Small business owners could soon lose vital tax relief
The incoming Trump administration needs to save millions of small businesses from an impending massive tax hike, writes ...
Coalition to announce new $20,000 small business tax deduction policy
Opposition Leader Peter Dutton is set to announce a new tax policy in Brisbane in a bid to win back three seats lost to the ...
GOP tax leaders: US small businesses could pay more tax than small businesses do in China if Trump cuts expire
Republican members of the chief House committee on taxes said if Trump's tax cuts expire small businesses could begin paying ...
Dutton’s proposal for taxpayer-funded lunches is not serious policy
Less than a week after condemning Labor’s cost-of-living policies as sugar hits, Dutton on Sunday announced a new sugar hit ...
American Express to pay $230M settlement over claims of deceptive credit card, wire service sales tactics
The payment includes two separate settlements: one over misleading sales tactics for credit cards, and another concerning its ...
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Confused about all the tax changes in the past decade? Just wait
The qualified business income deduction: The QBI was created under TCJA and lets businesses filing under the individual tax code deduct 20% of their income. The provision reduces businesses ...
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GOP tax leaders: US small businesses could pay more tax than small businesses do in China if Trump cuts expire
But, if Trump's Section 199-A deduction expires later this year, small business owners could see their top tax rate more than double to 43.4%, which is roughly 20 points higher than what ...