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Some Small Businesses Opt for the Health-Care Penalty

Small-business owners across the U.S. are bracing for the health-care law that kicks in next year, fearing it will increase the cost of providing insurance to employees.

US private employers add 158K jobs in March, fewest in 5 months

WASHINGTON — A survey shows U.S. companies added fewer jobs in March compared with the previous month, as construction firms held off on hiring after three months of solid gains.

Private employers added 158,000 jobs last month, payroll processor ADP said Wednesday. That’s down from February’s gain of 237,000 and January’s 177,000.

As Business Lending Rises, Concerns Emerge About Profit

On the economic scene, it would seem heartening to see a surge in loans that banks are making to corporations of all sizes. The loans help finance business expansion, which may lead to jobs growth. And it shows that banks don’t have to pile back into real estate loans, recently the source of crippling losses, to grow.

IRS Audit Red Flags: The Dirty Dozen

Here are twelve hot spots on your return that can raise the chances of scrutiny by the IRS.

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? The IRS audits only slightly more than 1% of all individual tax returns annually. The agency doesn't have enough personnel and resources to examine each and every tax return filed during a year. And its resources are shrinking…the number of enforcement staff dropped nearly 6% last year, partly due to budget cuts. So the odds are pretty low that your return will be picked for review. And, of course, the only reason filers should worry about an audit is if they are fudging on their taxes.


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