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### Latest Small Business Updates: Microsoft Unveils AI Assistant, SMBs Tackle Cybersecurity Surge, & Jan. 31 Tax Deadline

This week, on ASBN Small Business News, anchor Shyann Malone brings you the latest tools and resour…

Microsoft Copilot is now availalbe to small business owners through their organization’s Microsoft 365 account.

Microsoft Copilot is now availalbe to small business owners through their organization’s Microsoft 365 account.Microsoft Copilot virtual assistant is now available to small businesses and individuals.
Small business owners now have access to the AI-powered Microsoft Copilot virtual assistant through their Microsoft 365 Business Premium or Business Standard subscriptions. Microsoft Copilot functions as a generative text platform, enabling users to obtain detailed responses to inquiries or generate content based on specific inputs. Read More

Small business owners are facing a surge in cybersecurity threats but remain vigilant and proactive in regard to their digital safety.

Small business owners are facing a surge in cybersecurity threats but remain vigilant and proactive in regard to their digital safety.Small business owners are facing a surge in cybersecurity threats
The realm of cybersecurity continues to be a major source of worry for entrepreneurs, with 44% of small businesses falling victim to digital attacks. This data stems from a survey conducted by online security platform McAfee in partnership with Dell Technologies, encompassing 700 company owners, managers, and prominent I.T. professionals across six countries, including the U.S. Read More

Employers working with at least one independent contractor must ensure compliance to avoid penalties. 

Employers working with at least one independent contractor must ensure compliance to avoid penalties. The deadline for submitting wage statements and independent contractor forms to the IRS is January 31st.
Employers are reminded by the Internal Revenue Service (IRS) that they must submit wage statements and independent contractor forms by January 31st. It is imperative for employers to submit their copies of Form W-2, Wage and Tax Statement, as well as Form W-3, Transmittal of Wage and Tax Statements, to the Social Security Administration by the specified deadline. Read More

Americans submitted 5.5 million business applications in 2023, marking the third consecutive year of record-breaking growth.

Americans submitted 5.5 million business applications in 2023, marking the third consecutive year of record-breaking growth.SBA acknowledges the record number of business applications received in 2023
In 2023, Americans filed an unprecedented 5.5 million business applications, setting a new record for the third consecutive year. According to Census data, the volume of business applications submitted in 2022 and 2021 stood at 5.3 million (the third-highest) and 5.4 million (the second-highest) respectively.

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Last modified: January 23, 2024
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