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Latest News

Above View Office & Employees

Low Unemployment Affecting Business Growth 2019?

It has been reported that 7 out of 10 businesses are looking to grow in 2019, and with necessary growth that means they will to increase their number of employees. The issue, however, is that with unemployment being at one of its lowest, small businesses are struggling to find qualified workers to help in their business's growth.

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Tax Receipts and Tax USB

IRS Plans Limitation Regulations on Interest Deduction

The IRS and the U.S. Department of Treasury had both come together on November 26, 2018, to announce their plan on regulations involving the limitations of dedcuctibility on net business expenses to 30% of "adjusted taxable income" and also on "floor plan financing interest expense"; the regulations would apply to taxable years after December 31, 2017.

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Coffee Shop

Government Agencies Working Together To Cut Government Strains on Small Businesses

The government agencies of NASA, Department of Defense, and the General Services Administration have banded together to propose changes to current regulations and rules that burden small businesses. One big issue they are looking to tackle is the rules and regulations involving subcontracting, which as of now the rules have been inconsistent across small business programs.

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