Filing grants on time and adhering to all instructions is very important for small business owners to maximize their chances of success. Timely submission demonstrates professionalism and ensures that applications are considered. Following guidelines meticulously highlights the attention to detail and compliance with requirements, both of which are critical evaluation criteria. Missing deadlines or overlooking…
With new and evolving scams emerging, the IRS and the Security Summit partners have announced the start of the summer Protect Your Clients; Protect Yourself campaign. This initiative aims to help tax professionals safeguard against new and ongoing threats related to tax-related identity theft. “Security threats against tax professionals and their sensitive taxpayer information continue…
Large corporations account for the majority of the world’s pollution. But small businesses also play a role. And one nonprofit is looking to this market to make a difference. Plastic Bank is a Vancouver-based organization that collects and processes ocean-bound plastic. The nonprofit recently launched an offering for small businesses called the Impact Subscription, which…
If you need to apply for or renew your passport, beware of online scams. Many search results lead to official-looking sites claiming to offer passport services. Some of these are private companies charging for services that are free on the U.S. Department of State website, while others are outright scams looking to steal your money…
The Internal Revenue Service (IRS) reminds individuals and businesses in parts of Alaska, Maine, and Rhode Island that their 2023 federal income tax returns and payments are due on July 15, 2024. This extension applies to those affected by recent disaster declarations. The IRS grants relief to areas designated by the Federal Emergency Management Agency…
The Francis Scott Key Bridge was one of the most recognizable landmarks in the Baltimore area before its partial collapse earlier this year. And one Baltimore small business is keeping its memory alive by integrating parts of the collapsed sections into watches. Alan Tsao is a native of Baltimore and the founder of Tsao Baltimore,…
More than half of Americans currently have side hustles, according to a recent study by MarketWatch. The study, which included responses from 2,000 Americans, found that 54 percent of respondents have taken on side hustles to supplement their income over the past year. Gen Z-ers were the most likely to have side hustles, with 71…
A cancer diagnosis can be devastating to anyone. But the impact can be even larger for a small business owner, since it’s not always possible to take a break without losing income. This has been the case for Pam O’Neill, owner of Pam’s Monogram in House Springs, Missouri. Her sewing and embroidery business has been…
Large-scale events that bring an influx of visitors to a city can dramatically benefit local businesses. However, some business owners in Milwaukee, where the upcoming Republican National Convention will be hosted, aren’t sure what to expect. Gregory León, who owns Amilinda, a downtown restaurant located just outside of the U.S. Secret Service’s security perimeter, told…
The Internal Revenue Service (IRS) has announced tax relief for individuals and businesses in Mississippi affected by severe storms, straight-line winds, tornadoes, and flooding starting April 8, 2024. Taxpayers in affected areas now have until November 1, 2024, to file federal tax returns and make payments. The IRS offers relief to areas designated by the…