Planning Briefs
A 2023 Tax Break For Small Business Owners
Published Friday, April 14, 2023 at: 7:19 AM EDT
With a recession more likely following the banking crisis in March, small business owners and those starting new businesses receive some relief from this new tax break that became effective in 2023.
The labor market remains strong, and the number of individuals looking for jobs still outnumber job openings, according to the latest government data. However, the pace of job creation is expected to slow, and layoffs are expected to increase through the end of 2023.
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