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IRS to Mask Key Business Transcript Details

IRS to Mask Key Business Transcript Details

Moving to protect business taxpayers from identity theft, the Internal Revenue Service today announced that starting December 13 it will begin masking sensitive data on business tax transcripts.

The announcement provides 30 days for stakeholders to ...
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Wholesale Prices Rise 0.3%, but Inflation Not the Worry Now

Wholesale Prices Rise 0.3%, but Inflation Not the Worry Now

The Labor Department reported Friday that its producer price index, which measures inflation pressures before they reach the consumer, increased 0.3% last month, slightly lower than the 0.4% gain in September. Food costs rose 2.4%, ...
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Brexit: Trade Deal ‘May Not Succeed’ Before Year End

Brexit: Trade Deal ‘May Not Succeed’ Before Year End

Britain left the EU on Jan. 31, but continues to follow the bloc’s economic rules until a transition period ends on Dec. 31. The two sides are trying to strike a new trade deal before ...
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For Business Owners with COVID, Virus is Just One Struggle

For Business Owners with COVID, Virus is Just One Struggle

When Chris Hyland caught the coronavirus, his ordeal went beyond being sick and exhausted — he couldn’t help his business partners manage the virus’s impact on their company just as the outbreak was sweeping across ...
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Little-known COVID-related tax benefits could save small businesses a bundle this year

Little-known COVID-related tax benefits could save small businesses a bundle this year

The CARES Act, which expires on December 31, also included a few lesser-known provisions for small businesses that could — along with some other savvy moves — significantly reduce our federal income tax bills this ...
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