Tax Cuts and Jobs Act Impact on Small Businesses

American small businesses are struggling with tax preparation ahead of Tax Day, with many spending hours on filing. The Tax Cuts and Jobs Act (TCJA) has been beneficial for small businesses, leading to job creation and economic growth. The pending expiration of the TCJA could have negative consequences, and there are calls for its extension to continue the benefits for small businesses.

South Carolina's 2024-25 Budget

South Carolina's $13.2 billion budget for the 2024-25 fiscal year was approved by the House with raises for teachers and state employees, property tax relief, bridge funding, and long-term income tax cuts.