Welcome back to Neds Blog Spot! Do you own a small business? According to tax experts, you may be in for a battle with the IRS. In a recent article published with insight from the ‘Joint Committee on Taxation’, the Inflation Reduction Act will “target small business owners to pay for the legislation.” It’s estimated that between 78%-90% of the additional $200 billion the IRS will collect, will come from small businesses. Read more from the article using the link below.

https://nypost.com/2022/08/03/why-irs-80b-expansion-is-a-nightmare-for-small-business/#:~:text=Even%20if%20small%20business%20owners%20get%20everything%20right%2C,error%20on%20their%20taxes%20can%20put%20them%20underwater.

We hope you find this information helpful as you begin to prepare for the upcoming tax season. And as always, the information for our main office downtown will be listed as well. Don’t forget to check back for more!

Ned Jackson Downtown Office

Address

255 N Liberty Street

Jacksonville, FL 32202

Phone

(904) 356-0349

Email

info@nedjacksontax.com

Small Businesses and IRS Revenue