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Small business news from around the web: Feb. 4 – 8, 2019

Written on Feb 6, 2019

In case you missed them, here are some recent interesting small business news items from around the web.

Treasury left the door open to the 20% tax deduction for pass-through businesses

The Treasury largely retained its guidance from last August, which significantly expanded the scope of eligible businesses. But the final rules did not go further.

Small-business owners look to grab this 20% tax break

Small-business owners filing their 2018 taxes may be able to take advantage of a brand-new 20% tax break. This tax break allows owners of "pass-through" entities, including sole proprietorships, S-corporations and partnerships, to deduct up to 20% of their qualified business income.

3 reasons why all entrepreneurs should hire a CPA

Every entrepreneur should hire a CPA. Read on for three good reasons why entrepreneurs should consider hiring one.

What clients need to know about the Sec. 199A deduction

The IRS has released the final Section 199A regulations for the qualified business income deduction, and your clients are ready for answers. The insights outlined by planning and tax expert Bob Keebler, CPA/PFS in the AICPA’s latest Personal Financial Planning podcast episode will help. Access on iTunes or Pod-o-matic.

OH 2018 Pass-Through Entity Tax forms & instructions available now

The 2018 Pass-Through Entity Tax forms and the instruction (draft) booklets are now available on the Ohio Department of Taxation’s webpage at https://www.tax.ohio.gov/Forms.aspx.

Tech Corner - Common smarthome myths that just aren’t true

Smarthome technology has come a long way. It still isn’t for everyone, but some of the common myths people use to avoid smarthome tech aren’t true. Smarthomes don’t have to be expensive, and they aren’t always listening to you, for example.