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Fed Raises Interest Rates by 0.75% Point for Third Straight Meeting
The Federal Reserve approved a third-consecutive 0.75 percentage point rise Wednesday. Chairman Jerome Powell said he anticipates that interest-rate increases will continue as the Fed fights high inflation.
Preparing your small business for recession.
In June 2022, the annual inflation rate in the United States hit a 40-year high of 9.1%. The United States' gross domestic product contracted at an annual pace of 1.6% in the first quarter of 2022 and at an annual rate of 0.9% in the second. In addition, the Federal...
Understanding RnD Tax Program and how SMBs can qualify for tax credits.
Determine whether research and development tax credits are appropriate for your company. Qualified enterprises are able to deduct the cost of qualifying research and innovation from their taxable revenue thanks to R&D tax credits. Small enterprises can use the...
What are the most commonly asked questions about Employee Retention Credits?
Numerous changes in company operations were brought about by the coronavirus epidemic, which also prompted legislation that altered the tax code and the business credit system. The "Consolidated Appropriations Act, 2021" ("CAA") is one of those laws and it provided a...
There Is Still a Window of Opportunity to Benefit from the Employee Retention Tax Credit
There Is Still a Window of Opportunity to Benefit from the Employee Retention Tax Credit IT COULD BE AS MUCH AS $5,000 PER EMPLOYEE FOR THE YEAR 2020, AND IN 2021 IT COULD BE AS MUCH AS $7,000 PER EMPLOYEE PER QUARTER. 17th of August, 2022 At this point, nobody knows...
The Inflation Rate in the United States is on a 41 year high. What does it mean to you?
The inflation rate rose from 2.5% in January to 3.4% in February. What does this mean for consumers? The U.S. economy has been growing steadily since the Great Recession ended in 2009. However, inflation is on the rise. How much will prices increase by 2022? The...
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