Small business news from around the web: April 9 - 13

Written on Apr 13, 2018

Trade war? Chinese retaliation to Trump tariffs would hit Ohio hard. Five things to know:
China vowed on April 6 to fight the U.S. “at any cost” after President Trump proposed slapping an additional $100 billion in tariffs on Chinese goods in an escalating trade dispute between the world’s two largest economies.

Entrepreneurs: Even if you hate accounting, keep an eye on this ball
Accounting is a nuisance for many entrepreneurs: a lot of time spent on things that don’t feel like top priorities. However, entrepreneurs should never take their eyes off one financial ball: “Rev Rec” (revenue recognition).

IRS now processing ‘extender’ returns
The IRS is now processing all tax returns claiming benefits related to the Bipartisan Budget Act, which was enacted on Feb. 9 and renewed for Tax Year 2017 a wide range of individual and business tax benefits that expired at the end of 2016.

This new write-off can mean big bucks for small business owners
The new tax law allows owners of sole proprietorships, partnerships, LLCs or S corporations to potentially claim deductions on some qualified business income.

Tech Corner - How gamers could save the cybersecurity skills gap
McAfee shares its firsthand experience on training in-house cybersecurity pros and publishes new data on how other organizations deal with filling security jobs.

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