Starting January 2025, small businesses in the USA must file taxes digitally if their annual turnover exceeds $500,000, and can benefit from increased deductions for green investments.
New Tax Regulations for Small Businesses in 2025: What You Need to Know
The IRS has extended the filing deadline for small business tax returns to April 15, 2025, providing additional time for preparation and filing. This change aims to support small businesses by easing administrative burdens amid economic recovery efforts.
Financial literacy programs are empowering small business owners with essential accounting and financial management skills. These initiatives focus on budgeting, strategic planning, and financial compliance to foster business growth and resilience.
Leading accounting software providers have introduced automated bookkeeping and enhanced financial reporting tools, designed to streamline operations and improve efficiency for small businesses.