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News (2428)

Only Small Percentage of Businesses Could Face Tax Hike

According to Reuters, only 3% of small business owners would see an increase in taxes under Biden’s new jobs and infrastructure plan. 

Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden's jobs and infrastructure plan, according to a new analysis by the White House on Friday.

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New Relief Targets Restaurants

The Small Business Administration is releasing a new round of relief targeting restaurants, reports KOLD. 

A new round of relief is about to be served up to restaurant owners starting Monday, May 3. The Small Business Administration is offering up money through their Restaurant Revitalization Fund to help with employee payroll, rent, and other expenses.

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Tax Rate Increase Could Hit Small Businesses

According to the US Chamber, small businesses could be hit by the increase in corporate taxes. 

Congress is considering raising the corporate income tax rate from 21 percent to 28 percent. Many assume that only big businesses will pay this higher rate.

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Taking Your Business Up a Notch

If your business has hit a plateau there are a few things you can do to take it to the next level, reports Small Business Trends. 

Many small businesses go through an early growth stage. But after that, you may need to change up your strategies to take the next step. 

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Small Business Cyber Security is Necessary

Small businesses often don’t take cyber security seriously, leaving them ripe for an attack, reports Forbes. 

May 7 is World Password Day, and it serves as a reminder for many entrepreneurs and small business owners to prioritize—or reprioritize—cybersecurity and other protections

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Same Day Pay for Employees?

A new trend in employee pay is paying “on-demand”, reports The Guardian. 

As employers – especially small employers – are struggling to bring back workers to their jobs, a relatively new benefit is becoming more attractive: on-demand pay.

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Small Business Worried About Tax Hike

According to CNBC, small business owners are worried that Biden’s corporate tax plan could inadvertently hurt them. 

Several top policy priorities in President Biden’s agenda seek to rein in the wealth and power of the biggest companies.

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Small Business Owners Ponder Retirement

According to Barron’s, the pandemic caused a spike in small business owners considering retirement. 

Some small businesses have struggled to navigate the pandemic—so much so that a survey released by Wilmington Trust found a doubling since last August in the number of small-business owners thinking about retiring earlier than planned.

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Tips to Make Ecommerce Switch Easier

Small businesses making the transition to Ecommerce can take a couple of steps to make the change go smoothly, reports Entrepreneur.

Ecommerce has completely and utterly transformed the landscape of retail. The range of products and services which are purchased through digital platforms is virtually endless, including everything from groceries and electronics to clothing and toiletries. 

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SBA Opens Additional Funding

The Small Business Administration opened another round of Economic Injury Loans and it is reopening its program designed to help entertainment venues, reports Accounting Today.

The Small Business Administration debuted a new program to help small businesses weather the COVID-19 pandemic and prepared to retry a launch of its Shuttered Venue Operators Grant program.

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