Here’s What Happened in the World of Small Business in September 2021

Here are five things that happened this past month that affect your small business.

1) House Ways & Means Committee releases tax policy outline.
Every business owner should be monitoring the debate and tax policy coming out of Washington DC. The latest tax proposals may change before Democrats craft the final bill but include changes to capital gains, estates, and marginal tax rates. The Ways and Means Committee is scheduled to debate tax policy in the coming weeks. Full story via CNBC.

Why this is important for your business:
If changes occur, strategic tax planning can help minimize the impacts on your finances.

2) Are digital advertising taxes the wave of the future? 
The Maryland digital advertising tax is applied to gross revenue derived from digital advertising services. The proposed Maryland regulations raise at least three major issues: definitional ambiguity, suspect sourcing rules, and unworkable geolocation requirements. Full story via The Tax Foundation.  

Why this is important for your business:
If other states follow, businesses driving revenue through digital advertising might have some unpleasant tax surprises. 

3) Is inflation transitory or building?
U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas. Full story via CNBC

Why this is important for your business:
Rises prices, whether in labor or materials, will affect the bottom line. Indicators are mixed with an apparent slow down in China retail sales. 

4) Business tax return backlog slowly opening up.
Still waiting for your business return to be processed? Backlogs primarily affected employment tax returns and business tax returns for partnerships, corporations, estates and gifts, fiduciaries, and tax-exempt organizations. Full story via CNBC

Why this is important for your business:
The inability of the IRS to hire sufficient staff will affect taxpayers awaiting refunds or that have claimed pandemic business credits.

5) IRS adds the R & D Tax Credit to the annual Dirty Dozen list.
Increased scrutiny on this important credit may be met with increased enforcement. Full story via IRS.

Why this is important for your business:
Many businesses qualify but are not taking the credit as of yet. So don’t let a little scrutiny scare you away if you can benefit. 

Share this article...

Sign up for our newsletter.

Each month, we will send you a roundup of our latest blog content covering the tax and bookkeeping tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

We care about the protection of your data.

Junglebooks Affiliate Program

Why Partner with Us?

With years of experience and a team of certified professionals, we deliver exceptional results to our clients.

Industry-Leading Expertise

Our firm is a leader in the accounting industry, providing comprehensive services that include tax preparation, bookkeeping, financial planning, and business consulting. With years of experience and a team of certified professionals, we deliver exceptional results to our clients.

Attractive Commissions

We value our affiliates and offer competitive commission rates for every client you refer who signs up for our services. The more clients you refer, the more you earn.

Comprehensive Support

We provide our affiliates with all the resources needed to succeed, including marketing materials, dedicated support, and regular updates on our services. You’ll have everything you need to effectively promote our firm and earn commissions.

Trusted Reputation

Our firm has built a solid reputation for excellence and trustworthiness. When you refer clients to us, you can be confident that they will receive the highest level of service and satisfaction.

Frequently Asked Questions

This firm prepares tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Our firm’s seasoned professionals are experts in all areas of taxation including:


  • Individual Returns
  • Payroll Tax Issues
  • Business Returns
  • Sales Tax Returns
  • Rental Income Returns
  • Business Consultation
  • Expatriate Returns
  • Fiduciary & Estate Returns
  • Corporation Returns
  • Bookkeeping
  • Partnership Returns
  • LLC Returns

Our firm offers a full range of planning services including, but not limited to:


  • Individual Tax Planning
  • Business Tax Planning
  • Business Organization
  • Rental Properties
  • Foreclosures and Repossessions
  • Retirement
  • Investments
  • Sales and Exchanges
  • Pension Plans
  • Education Planning
  • Finance & Refinance Planning
  • Home Purchase and Sale Planning
We are here for you twelve months a year, not just during tax season. Whether you have a simple tax question, need advice on the tax implications of a business decision, or want clarification on a government notice, feel free to give us a call.
We maintain a policy of the strictest confidence concerning our clients’ affairs. You can rest assured that no one will learn about your business or tax status – even relatives, associates or friends who might have referred you to us.