Small Business

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers, the IRS and tax professionals sought solutions for the wave of small businesses that wrongly claimed the tax break.  The employee retention credit, or ERC,
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In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Todd Niggeling delivers packages for Amazon in Sioux City, Iowa, on Tuesday, May 2, 2023. Niggeling delivers packages through Amazon’s delivery hub program in which Amazon is using small businesses as centralized drop-off points and paying business owners to drive the last mile to deliver
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Pgiam | Istock | Getty Images A cottage industry of specialist firms has sprung up to help business owners claim the Employee Retention Credit (ERC), a governmental tax incentive intended for companies stressed by the pandemic. But businesses need to be careful not to get hoodwinked.  There are strict eligibility requirements for the ERC —
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Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters The Federal Reserve’s decision to raise interest rates by 0.75%, or 75 basis points, for the third-consecutive time at the Federal Open Market Committee
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