Tax Season 2024: 5 Changes That Small Business Owners Need To Know
February 20, 2024
If you run a small business, particularly one that has employees and offers benefits such as a workplace retirement plan, then recent tax changes could affect you this tax filing season.
By keeping up with tax changes, you can potentially find legal ways to lower your tax liability while staying compliant, like when it comes to reporting requirements.
The specific changes that affect your company can depend on factors such as your business structure and size, but in general, some of the more notable tax changes that small business owners should be aware of this year include the following. The first three are already law, while the last two are potential changes that could still affect this tax filing season.