Reducing tax expenses is critical for every business, but especially for Main Street. This tax season, small businesses can take advantage of deductions for vehicles, depreciation, software subscriptions, and even employing their children.
In a recent op-ed, Thomas M. Sullivan—Vice President, Small Business Policy, U.S. Chamber of Commerce–makes a case that reauthorization of the SBA would provide an opportunity to build on the Administration’s strengths and shore up areas of improvement. The full op-ed can be found on the Chamber of Commerce Website
Source: U.S. Chamber of Commerce
Illinois State Senator Laura Ellman recently proposed a bill that would creates new compliance requirements for non-bank commercial lenders in Illinois. The goal is to protect small businesses from predatory loans by requiring heightened disclosure obligations for all commercial financing activity.
Source: JD Supra