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Small Business Management-Learning Center

Small Business Center -News, Videos, Webinars, and Blogs!

GRANT OPPORTUNITIES

Heart and Soul Seed Grant    https://cloud.3dissue.net/18406/18451/20374/48585/index.html?74455

Good Sports Grant   https://www.goodsports.org/apply/

 

IRS

 

e-News for Small Business

Issue Number: 2023-02  Inside This Issue

Filing season starts Jan. 23

Taxpayer Advocate delivers 2022 Annual Report to Congress

California storm victims qualify for tax relief

Electronic Tax Administration Advisory Committee is accepting membership applications through Jan. 31

Form 1099-K issued in error? Visit IRS.gov for answers to FAQs

Webinars for tax practitioners

        Basic questions, answers about the limitation on the deduction for business interest expense

       News from the Justice Department’s Tax Division

Issue Number:  2023-01  Inside This Issue

  1. IRS delays $600 reporting threshold change for issuing Form 1099-K
  2. Clean energy credits
  3. Standard mileage rates for 2023; Business use increases 3 cents per mile
  4. Final 2022 quarterly estimated tax payments due January 17
  5. IRS announces new Taxpayer Experience officer 
  6. Interim guidance on new corporate alternative minimum tax
  7. Other tax news

Issue Number:  2022-52  Inside This Issue

Updated FAQs about Form 1099-K

IRS issues standard mileage rates for 2023

Treasury, IRS issue guidance on their intent to publish regulations regarding clean vehicles

Guidance on the incremental cost for the Commercial Clean Vehicle Credit

IRS releases FAQs about clean vehicles credits for new, previously owned, commercial clean vehicles

Treasury, IRS issue guidance on corporate stock repurchase excise tax in advance of forthcoming regulations

Interim guidance on new corporate alternative minimum tax

Get the latest tax education from Nationwide Tax Forums Online

News from the Justice Department’s Tax Division

Technical Guidance

Issue Number:  Tax Tip 2023-05  Tax tips for gig economy entrepreneurs and workers

In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The IRS’ Gig Economy Tax Center provides information and resources to help this group of entrepreneurs and workers understand and meet their federal tax obligations.

Here are key things for individuals involved in the gig economy to remember as they get ready to file in 2023.

 

IRS sets Jan. 23 as official start to 2023 tax filing season; more help available for taxpayers this year

WASHINGTON – The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.

 

Start the new year off by reviewing the Taxpayer Bill of Rights

By law, all taxpayers have fundamental rights when they're interacting with the IRS. These rights apply all year, not just during the filing season. However, knowing and understand these rights may help taxpayers resolve any filing season questions with confidence. All taxpayers are encouraged to review the Taxpayer Bill of Rights.  

 

OK Dept of Comm


Capital and Equipment Grants Provided in Six States
Mabee Foundation
The Mabee Foundation provides support to nonprofit organizations in Texas, Oklahoma, New Mexico, Arkansas, Missouri, and Kansas for new construction, building renovation projects, and the purchase of major medical equipment. Generally, the Foundation supports educational, social and humanitarian services, medical and health, and cultural and religious organizations or projects. The Foundation will provide up to 20% of the total costs of a project, up to a maximum of $2,000,000. 40% of the total project cost must be raised from other public donors at the time an application is submitted, and the remaining funds required to finish the project must be raised within one year of the awarding of the grant. The quarterly application deadlines are the first business day of December, March, June, and September, annually. Visit the Foundation's website to access the online application.

ARPA Funds available  https://okgov.force.com/ARPAIntake/s/  Please find the link below with information concerning the American Rescue Plan Act and Oklahoma’s plan for the funding. Please click on the link and watch the video which explains the process in further detail. Remember to check back periodically for updates as more information is added to this website.

Oklahoma American Rescue Plan Act

American Rescue Plan Act - Oklahoma Department of Commerce (okcommerce.gov)
 

New Tool to Help Small Businesses with Commerce and Online Capabilities

The Oklahoma Main Street Center announced the launch of Main Street Online, a new tool developed by Main Street America to help small businesses grow and strengthen their online and ecommerce capabilities. The tool is available at no cost to any small business and provides guidance on Point of Sale systems, website platforms, content creation software and more. It was designed specifically for small businesses with 20 or fewer employees in the retail, service, and food and beverage sectors.  “After 2020, Main Street businesses saw an increased need for ecommerce capabilities,” said Buffy Hughes, State Director of the Oklahoma Main Street Center. “This new tool will help Oklahoma small businesses, not just those in our Main Street communities, to find the best solutions to help them implement an effective online strategy.”  Supported by GoDaddy, the tool assesses the unique needs of individual small businesses and offers customized guidance for implementing and maximizing solutions to improve their digital presence.  “Oklahoma’s small businesses have so much to offer,” said Brent Kisling, Executive Director, Oklahoma Department of Commerce. “By utilizing this tool, they can diversify the ways they do business, opening them up to increased success and a larger customer base.”

Main Street Online is available at mainstreetonlinetool.org

sbaSBA Learning Platform-Leaning Center Courses

REI Apr May 2022

We invite you to join us for a virtual or in-person training! All workshops are posted on our website, updated on Facebook and you can always contact us at 800-658-2823 or wbc@reiok.org. Please click the workshop title for more information and to register online. 

For more information or to register, go to   www.reiwbc.org/upcoming/  

January

5 - OKC Women's Business Breakfast

12 - How to Write a Business Plan

18 - Setting Up Google Drive for Your Team

25 - Google Slides for Beginners

26 - Wagoner Women in Business Breakfast

26 - Lunch with the Ladies - Durant

31 - Financial Focus: Fraud - Lawton, Duncan, Chickasha & Virtual

 

Dept of Labor

 

 

US Department of Labor

Be sure to follow Events Calendar | U.S. Department of Labor (dol.gov) to see all events, including those offered by OSHA, OFCCP, VETS and other DOL agencies.

 

 

score

 

 

SBA Funding Updates

Current Score Online Workshops, Webinars and Events from Score

TUESDAY, JANUARY 24  1:00 PM ET  SEO Marketing For Small Business Websites

Search engines are constantly changing their search algorithms so it is important to keep updated. Our seasoned SEO expert will show you the best SEO practices for dominating search engine results with your own domain and across your social media.

REGISTER

 

THURSDAY, JANUARY 26  1:00 PM ET  How to Turn Your Invention Into A Product and Bring it Market

Our expert inventor and business owner will teach you how to brainstorm ideas, protect your intellectual property, bring your idea to life and commercialize it for sale.

REGISTER

 

TUESDAY, JANUARY 31  1:00 PM ET  How To Create A Marketing Plan For Your Small Business

Professional marketing coach and expert Patty Ross will help you create a marketing plan, define your brand, determine your audience and find where to advertise to get a positive return on investment.

REGISTER

 
 

Videos:

SBA Loans Explained
SBA 504 Loan Program-Purchase of Major Fixed Assets.  Helping Businesses Grow and Create Jobs
How to Write a Business Plan
Humphry Slocombe:  Promote using Free Online Marketing
Skaters Landing:  Educate your Customers using Free Marketing
Delivering Success:  Promoting & Growing Your Business
Recordkeeping
Schedule C Profit or Loss from Business
Home Office Deduction

 

Blogs:

Industry Word
How to Use Your Store Windows Display to Attract Holiday Shoppers
5 Things to Know about Year-End Bonus 
Small Business Owners Share Challenges of Hiring Employees and Gig Workers
 

Contact Information

Mid-America Technology Center
PO Box H
27438 OK 59
Wayne, Oklahoma 73095
Map
Phone: 405-449-3391
Toll Free: 800-232-5580
Fax: 405-449-7321