This week, on ASBN Small Business News, anchor Shyann Malone brings you up to speed on the latest tools and resources now available for small to medium-sized businesses.
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The Internal Revenue Service (IRS) recently issued a series of inflation adjustments that will affect more than 60 tax provisions for the 2024 fiscal year. Small business owners should note these developments since they might substantially influence their financial planning and tax strategy. In 2024, the standard deduction will increase, giving households some relief. The deduction for married couples filing jointly will increase by $1,500 in 2023 to $29,200. The standard deduction for taxpayers who are single or married but file separately will increase by $750 to $14,600. The deduction for heads of families will increase by $1,100 to $21,900. Read more
During its inaugural developer conference, OpenAI…
