According to Small Business Trends, The Bank of America Business Advantage Small Business Owner Report finds that economic factors impact small businesses. For example, 78 percent of the those surveyed said that higher taxes would cause them to downsize.
While you might be tempted to take as many deductions as possible for your small business taxes there are times when that isn’t the right plan, reports CNBC. For example, deductions lower your annual income which could lower the sale price of your business.
According to Recode, Square is increasing the reach of its small business lending. The company reached agreements with Big Commerce and Caviar to offer loans to businesses that already use those services.