Small Business Tax Season
Latest Small Business Tax Season news freshly curated for you as of 4 p.m. ET Jul. 31. Learn more about innovative developments, discover emerging trends and read expert perspectives.
Today's Highlights
- The Trump administration's new permanent tariffs on 80 nations are causing 'whiplash' and anxiety for small businesses, leading to a spike in bankruptcies.
- A lawsuit by small businesses argues the new tariffs are unlawfully broad, but the administration used a law, Section 301, that makes them harder to strike down.
- A year after the 'no tax on tips' law, many service workers feel misled, reporting confusion and minimal financial gains despite the celebrated tax deduction.
Sources
In The Spotlight
Dive deeper into key discussions within the world of Small Business Tax Season with a curated selection of important articles offering valuable perspectives.
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'No Tax On Tips’ One Year Later: A Win For Workers?
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New Trump Tariffs Increase Uncertainty For Small Businesses
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Why Selling To One Country Is A Bigger Risk Than Sourcing From One
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