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IRS Imposters Steal Millions a Year, and They’re Getting More Sophisticated. Here’s How to Spot the Scams.

IRS Imposters Steal Millions a Year, and They’re Getting More Sophisticated. Here’s How to Spot the Scams.

by | Sep 26, 2024 | , , , ,

In recent years, IRS imposters have become increasingly adept at deceiving taxpayers, resulting in nearly $5 million in losses, according to the Federal Trade Commission (FTC). These scammers are honing their tactics and targeting vulnerable people, making it crucial for everyone to stay vigilant. Here’s what you need to know to protect yourself from becoming a victim.

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This Valuable Tax Break for Businesses is Set to Expire Soon. Here’s What to Know.

This Valuable Tax Break for Businesses is Set to Expire Soon. Here’s What to Know.

by | Sep 26, 2024 | , , , ,

A crucial tax benefit for businesses is on the verge of expiring. The Qualified Business Income (QBI) deduction, a significant component of the 2017 Tax Cuts and Jobs Act (TCJA), is set to end on December 31, 2025. Read on as we go over how this deduction works and how its impending expiration could affect small businesses.

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SBA Unveils New Working Capital Pilot Program for Small Businesses

SBA Unveils New Working Capital Pilot Program for Small Businesses

by | Jun 24, 2024 | , , , ,

As the SBA prepares to launch this pilot program, small business owners should stay informed about the latest developments. It’s a good idea to subscribe to SBA newsletters and follow updates on their website. Additionally, the SBA’s Export Finance Managers are expected to provide counseling to lenders interested in participating so they have the knowledge and resources to guide and support small businesses effectively.

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Here Are the Changes Coming to Social Security in 2025

As we approach 2025, several significant changes are on the horizon for Social Security beneficiaries. From cost-of-living adjustments (COLA) to shifts in the full retirement age (FRA), these updates will impact millions of Americans who rely on Social Security as a...