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Stock impact report

20 Best Tax Deductions For Small Businesses [Yahoo! Finance]

CBIZ, Inc. (CBZ) 
Last cbiz, inc. earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: phx.corporate-ir.net/4h1u.url
Company Research Source: Yahoo! Finance
Small Businesses and High Interest Rates On March 7, Reuters reported that the Federal Reserve released a report stating that small businesses have recovered from the pandemic but still face challenges to grow further. High interest rates and unavailability of workers are leading to financial burdens for businesses. Moreover, the staggeringly high rates increased debt payments for many small businesses in 2023, according to a survey by the Cleveland Fed. The report highlighted that the most common issues faced by small firms and businesses are the rising costs of goods and services and high wages. While these rate hikes emphasize the challenges faced by small businesses, tax deductions offered by the IRS for small businesses can help alleviate some of this burden. Tax deductions such as interest rate costs, professional services, and other business expense write-offs can help small businesses with their financial burdens. On January 21, Reuters reported that the US House of Repre Show less Read more
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