Small business news from around the web: May 17 – 21, 2021

Written on May 20, 2021

Restaurant revitalization fund faces huge funding shortfall
Less than 10 days after its launch, the Restaurant Revitalization Fund (RRF) had less than half the money it needs to fund a flood of relief requests from one of the sectors of the economy hardest hit by the COVID-19 pandemic.

White House says less than 3% of U.S. small businesses could face tax hikes under Biden plan
Less than 3% of the roughly 30 million small business owners in the United States could face tax increases under President Biden's jobs and infrastructure plan, according to a new analysis by the White House.

Bullish baby boomers help fuel red hot small business M&A market
While plenty of small businesses owned by baby boomers were hit hard by the pandemic, there is also a large cohort of boomer businesses that have used the pandemic, and record low interest rates, as an opportunity to expand.

When the IRS will challenge home office deductions
While people who have home offices can make certain deductions on their taxes, the IRS will challenge some decisions.

Tech Corner - Pipeline hack points to growing cybersecurity risk for energy system
Energy infrastructure has increasingly come under assault, and analysts said the attack that cut off fuel supplies this week should be a “wake-up call.”

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