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biden tax proposal

The Biden tax proposals that could hit baby boomer, family businesses

President Joe Biden’s 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Proposals in the budget include boosting the top capital gains rate for income over $1 million, eliminating the so-called “step-up in basis” loophole, expanding who has to pay investment income tax and at what rate, and bumping up the corporate tax rate.

taxpayer rights for SMBs

Next IRS Chief Should Heighten Focus on Small Business Education

  • IRS News

For the first time Congress has provided long-term funding to rebuild the IRS after years of decline.
To ensure success, the Biden administration needs to promptly nominate and the Congress needs to swiftly consider and confirm a qualified Commissioner.

5 Reasons Why SMBs Should be America’s Cloud Role Models

The pandemic accelerated the digitalization of day-to-day business operations, ushering in a new era of tech-dependence, particularly around cloud migration. Now, companies of all sizes are racing to update their infrastructure, data, and critical applications to the cloud.