To combat inflation, 67% of small businesses surveyed have raised costs, and 41% reported having to decrease their staff or take out a mortgage. Small businesses across each sector, together with manufacturing (41%), companies (35%), retail (32%) and professional companies (29%) industries, all cited inflation as the highest challenge for small companies. Read more on the must-know shopper tendencies that may shape retailers’ strategies this 12 months here. With the 2022 tax season underway, the IRS warned taxpayers that the refund process might be “particularly challenging” this 12 months because of the enhance in COVID-19 infections and inadequate funding authorization from Congress. The IRS recommends taxpayers avoid paper tax returns this 12 months and choose for e-filing and direct deposit to ensure they obtain their refund inside the typical 21-day timeline. While the last two pandemic tax seasons allowed all taxpayers to file later returns , this year’s official Tax …