September is a busy month, while you may just be coming back from summer vacation, or trying to refocus on getting your business ready for the last push of this year, or possibly you are just treading water, these Federal tax deadlines can’t be ignored. Q3 estimated tax payments for individuals and businesses due 09/15/2025 Extended deadline for partnerships and S corporations to file their 2024 tax returns due 09/15/2025… Read more
Photo By Katamaheen Nobody wants a surprise letter from the IRS. And when it comes to your business income, there are a few red flags that could draw attention even if you’re not doing anything wrong. Here are some of the most common income-related red flags we see and how to avoid them: You forgot to include side or payment app income. Platforms like Stripe, PayPal, Venmo, and Square report… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. A snapshot of business growth by county and industry New County Business Patterns visualization shows where most business activity occurs in the United States and U.S. Island Areas. Explore a new interactive data visualization that uses the latest data released from the U.S. Census Bureau’s 2022 County Business Patterns (CBP). Trump’s victory:… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The magnificent seven monitor Track the U.S. technology stocks that dominate the market. They’re Wall Street’s big guns. Stocks with so much swagger that they earned a nickname conjured from Hollywood’s golden age. US crypto industry expects friendlier Washington The cryptocurrency industry has spent years clashing with Democratic President… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS unveils new federal income tax brackets for 2025 The IRS on Oct. 22 unveiled the new federal income tax brackets for 2025. Every bracket was changed, including the top one. Large private companies strengthen communities across America Research shows how large private companies create millions of jobs and support… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Will the US economy keep up the pace in the fourth quarter? Economic momentum is projected to slow in the fourth quarter, but economists expect consumers will provide enough power to fuel growth through the year’s end. Boeing workers to vote next week on a new proposal that could… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Boeing says it’s cutting 10% of its workforce, or about 17,000 employees Boeing on Friday said it’s cutting 10% of its workforce, or about 17,000 employees. In a memo on Friday, CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make “tough decisions” to stay competitive. AAA reports… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Disaster assistance for those affected by Hurricane Helene The U.S. Small Business Administration (SBA) offers disaster assistance in the form of low-interest loans to businesses, homeowners, and renters affected by natural disasters. This financial aid is designed to help with repairs and rebuilding efforts, and to cover the loss… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Low weekly US jobless claims, robust corporate profits highlight economy’s resilience The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained fairly healthy. The upbeat outlook on the economy was underscored by other data on Thursday… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. What the Fed’s rate cut means for consumers, businesses and investors The Federal Reserve cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate hikes in roughly a decade. “This will improve the material well-being of all Americans,”… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. All the data is pointing to a soft landing in the US economy The US economy is cruising toward a soft landing with no recession on the table, according to Apollo chief economist Torsten Sløk. Fed expected to cut rates by 25 basis points on Sept. 18, twice more… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Reality check: What’s up with the economy? Most of the economic numbers are actually looking pretty good. Our unemployment rates are near a 50-year low, interest rates have been dropping, and the Federal Reserve says it will drop the prime interest rate even more this month. Wages, disposable income, and… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year The IRS advises taxpayers to conduct a tax checkup before summer’s end to prevent unexpected tax bills and penalties next year. Reviewing withholdings and estimated tax payments can ensure accurate tax returns and avoid… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. CPI inflation comes in at 2.9%—better than expectations Inflation was lighter than forecasted last month, according to data released, as Wall Street pays close attention to weakening which should bolster the case for the Federal Reserve to lower interest rates. Rules for buying and selling a home are changing. Here’s… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS relief now available for individuals and businesses impacted by Hurricane Debby The Internal Revenue Service announced tax relief for individuals and businesses in four states affected by Hurricane Debby. SBA Announces $7 Million in PRIME Grants to Support Micro-entrepreneurs The SBA PRIME grants program offers funding to nonprofits… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Mortgage rates tumble to lowest since April 2023 after weak jobs report Mortgage rates tumbled on Friday to their lowest since April 2023 after a weak jobs report sent bond yields sharply lower and boosted Wall Street’s expectations for an interest rate cut from the Federal Reserve at its September meeting.… Read more
Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. In more than 200 U.S. cities, $1 million only gets you a starter home A typical entry-level home in the U.S. costs roughly $200,000. But in a growing number of cities, that would only cover the down payment. With housing in short supply around the country and the stiffest mortgage rates… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economy slowing but not in recession territory The U.S. economy is likely to slow in the coming months but is not flashing recession signals as it enters the critical 100-day period to the November presidential election. IRS finalises 10 year rule for retirement withdrawals The Internal Revenue Service and Treasury Department have… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Inflation hit its lowest level since March 2021 last month A key inflation measure fell to its lowest level in more than three years last month, but there’s still plenty of work remaining to get price increases down to the historically acceptable level. Business owners believe employees with AI… Read more
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. US economic growth for last quarter is revised up slightly to a 1.4% annual rate The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said Thursday in a slight upgrade from its previous estimate. Record high… Read more