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GS1 US Expands Offering to Help Small Businesses Capitalize on E-Commerce Opportunities

GS1 US has expanded its product identification offering for small and micro businesses with the introduction of a single GS1 US Global Trade Item Number (GTIN). Ideal for businesses that are launching a new product, the new single identifier will provide a low-cost option to uniquely identify products and streamline the process for getting items ready for sale across retail and e-commerce channels.

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Magic Johnson Helps Small Business

Magic Johnson and Amazon want to help small businesses have a great Christmas season, reports Forbes. 

NBA Hall of Famer Ervin “Magic” Johnson has been working overtime to support small businesses impacted by the pandemic.

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Milwaukee Offers Monetary Assistance for Small Business

Milwaukee’s struggling small businesses have a glimmer of hope as Milwaukee City Development releases $10 million in aid, reports Fox 6 

The Milwaukee Department of City Development is dispersing $10 million to small businesses struggling to hang on through the COVID-19 pandemic.

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Keeping Small Business Afloat

According to Entrepreneur, the pandemic has small businesses looking for ways that they can boost their business. One quick way is to make the most of social media. 

Covid has been the ultimate disrupter to the global economy. Fortune 500 companies and small start-ups alike have felt the blow, but it's the small businesses that have suffered the most.

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Small businesses are catching on to benefits reimbursement trend

Take Command Health, an HRA administrator that offers employee enrollment support, unveiled their annual QSEHRA report just in time for open enrollment. Now more than ever, small businesses are looking for ways to help their employees with benefits on a budget that works for them. The Qualified Small Employer HRA (QSEHRA) is based on small business owners reimbursing their employees for health insurance rather than buying it for them. 

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Making the Most Out of Your Marketing Budget

Small businesses can make the most out of their marketing budget, reports Small Business Trends. 

There are so many tactics that small businesses can use for marketing. But it’s not always easy to get full value from each strategy. Members of the online small business community understand this struggle.

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Small Businesses Have Different Choice for Organization Structure

There are several choices for organization structure for small businesses, including LLC, S corp and C corp, reports Accounting Today.

A client of mine recently asked me what I thought was the best organizational structure for a small business, all things considered, especially related to the tax issues. 

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SBA Ordered to Release Loan Data

According to ProPublica, a judge has ordered the Small Business Administration to release records pertaining to the Payroll Protection Loan program to a group investigating abuse of the program. 

After a monthslong legal fight over the transparency of one of the federal government’s largest coronavirus relief programs, a judge in Washington required the disclosure of data on thousands of smaller business loan recipients.

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Main Street Funds Diverted to Small Business

The Main Street Lending Program for small businesses will have some of its lending diverted to small businesses impacted by Covid-19.

The Federal Reserve is changing the rules of its Main Street Lending Program to help smaller businesses that have been struggling to get by while waiting for additional stimulus from Congress. 

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Fraud Rampant in Loan Program

According to Bloomberg, the Small Business Administration gave away millions of dollars in fraudulent Small Business Economic Injury Disaster loans.

For a few months this year, a U.S. government aid program meant for struggling small-business owners was handing out $10,000 to just about anyone who asked. 

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