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Recent IRS Updates for Tax Professionals Supporting Small Businesses
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Subscribe05 MAY 2025 / IRS UPDATES
National Small Business Week (NSBW) is being celebrated from May 4-10, 2025, with IRS and the SBA offering tools, webinars, and digital upgrades to support the over 33 million small businesses in the US. In 2025, the IRS focus is on providing AI-powered platforms to assist businesses with tax classification and on digital tools that should lower the stress of tax season. Additionally, states like Illinois, Colorado, and Kansas are moving in the direction of similar legislation to D.C.'s Fair Swipe Act of 2025 to combat high credit card fees. The IRS is also taking steps to make it easier for tax professionals to support small businesses, while emphasizing the importance of cyber security to protect against scams targeting businesses. Small business owners are also being advised on how to future-proof their livelihoods.
Small businesses aren’t just storefronts or side hustles; they’re the backbone of the U.S. economy, driving innovation, creating jobs, and fueling local communities. As National Small Business Week (NSBW) rolls in from May 4-10, 2025, we’re tipping our ha...
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