News (2425)
Small Business Employment Growth Continues to Moderate; Wages on the Rise
The latest Paychex | IHS Markit Small Business Employment Watch shows another monthly slowdown in small business job growth, while wages continue to rise at a steady pace. The Small Business Jobs Index dropped to 99.98 in July, 0.70 percent lower than in July 2016. An index level of 100 equates to moderate job gains, represented by the employment growth levels seen during the 2004 base year. National hourly earnings in July were $25.90, an increase of 2.94 percent ($0.74) year-over-year.
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Lending for Small Businesses Grows
Small Business Lending hits a record high in June, reports Reuters. The Thomson Reuters/PayNet Small Business Lending Index for June rose to 139.9, which is the highest since July of 2015.
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Minnesota Health Insurance Exchange Ends
According to the Star Tribune, the last insurer to offer healthcare on the Minnesota exchange won't return for 2018. Blue Cross Blue Shield was the last insurer on the MNsure health insurance exchange.
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Amazon a Boon to Small Business
Amazon is helping small businesses grow, reports Small Business Trends. Of those surveyed over half report that 50 percent of their sales come from Amazon.
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Credit Scores Go Up
According to Forbes, recent changes to how judgements and liens are reported to credit bureaus might cause personal credit scores to rise. This may affect small business owners the most as 17 percent of all small business owners have a judgment or lien on their personal credit reports.
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Don't Neglect Tax Credits
Small business owners often miss two tax credits that could help them reduce their tax burden, reports Inc. One credit, the Work Opportunities Tax Credit is available to firms that hire from targeted groups.
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Small Business Still At Risk
According to CNBC, a survey of small business owners found only 2 percent believe their business could be a target for cyber criminals. Their failure to take adequate measures to secure their data is what makes them tantalizing targets for cyber criminals.
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Cost-Effective Dual-Band Wireless Access Technology
Allied Telesis, a leading provider of hardware and software products that allow customers to build secure, feature-rich and scalable data exchange solutions, has launched the MWS series of wireless access points for small and medium-size business. Intended to satisfy the need for secure, high-performance wireless connectivity but without the cost and complexity of other vendor's offerings, the MWS series are prefect for small deployments where available tech skills may be limited.
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Business Valuation Tool for SMB's
Purch's Business.com has launched the Business.com Report Card, powered by BizEquity, a small business valuation service that gives small-to-medium businesses realistic estimates of their value and comparisons with regional and national industry averages to help SMB owners better understand and grow their businesses.
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Enterprise-Level Customer Engagement for Every Brick-and-Mortar Business in the US
Como (www.como.com), a global leader in cloud-based customer engagement solutions, has expanded its product offering with the launch of Como Sense Express, which gets businesses set up fast with personalized loyalty programs, a branded mobile app, and actionable data and BI.
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