Simplifying Global E-commerce
IRS Tax Calendar for Small Business
Online Tax Calendar | Internal Revenue Service (irs.gov)
Washington, DC --
The U.S. International Trade Commission (USITC) released a report on the Distributional Effects of Trade and Trade Policy on U.S. Workers. The report was requested by USTR Katherine Tai to gather information from a wide array people to who are underrepresented in quantitative analyses, but negatively impacted by U.S. trade policy.
Pandemic deferred Social Security taxes due January 3 2023
1099K's will be issued soon
Late filing penalties are 5-25%
Small businesses still dealing with inflation, labor shortages | Fox Business
According to the National Federation of Independent Business, 33% of small business owners cited inflation as their most important problem in October. That number is three points higher than was reported in September.
Small businesses say inflation is cutting into profits: New survey (cnbc.com)
The U.S. economy has seen record-high inflation, with the consumer price index up 8.3% over the past year. That inflationary pressure means higher costs for small business owners who then have to make the difficult decision of how much of those costs they can afford to pass on to their customers without risking losing business
Washington, D.C. --
The Washington Post reported the U.S. Customs and Border Protection (CBP) Commissioner Chris Magnus has resigned after news circulated that U.S. Department of Homeland Security (DHS) Secretary Alejandro Mayorkas asked for Magnus' resignation or he would be fired. See the full article at: CBP head Chris Magnus has resigned, following standoff with DHS Secretary Mayorkas - The Washington Post
Fifth District Survey of Manufacturing Activity, October 25, 2022 (richmondfed.org)
The Federal Reserve Bank reported little relief for supply chains
Private sector firms recorded a downturn, with new orders decreasing marginally. Increase in cost is historically elevated.
Indictment of Oligarchs a How-to Guide to Avoid US Sanctions (voanews.com)
The key is the cash. The outcome is an indictment.
Buy American Act Changes Finalized - GHY International
The effective date for 60% content is October 25, 2022. The use of "American Made" for goods can be difficult as most products contain some foreign content. This act increases the US content from the current 55% to 75% over seven years.
The threat of a freight railroad strike is back (msn.com)
Maintenace workers rejected the proposed contract. Other union groups are still voting.