News (2424)
Business Executives See Improved Prospects for Their Own Companies but Report Little Confidence in U.S. Economy Overall, AICPA Survey Finds
U.S. business executives are feeling more optimistic about expansion plans and the outlook for their own companies over the next 12 months, yet still harbor deep concerns about the strength of the U.S. and global economies in the midst of a worldwide pandemic, according to the third-quarter AICPA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.
Read more...PPP Funds Not Distributed Equally
Black business owners didn’t have an equal opportunity to receive Paycheck Protection Program funds, reports Brookings Institute.
Congress’s major COVID-19 relief program for small businesses, the Paycheck Protection Program (PPP), has so far distributed 5 million loans across the country. That distribution, however, has not been equal.
Read more...More Small Business Funding Could Be On the Way
Republicans are pushing to get more aid to small businesses, reports CNBC.
House Republicans will attempt to quickly force a vote on a bill to replenish a key coronavirus small business aid program, according to congressional aides.
Read more...USPS Problems Hurt Businesses
According to Vox, the USPS shipping delays are harming small businesses.
Sofi Madison’s Boston gift shop Olives & Grace has been struggling for the past few months. First came the pandemic, then constant shipping issues.
Read more...Justice Department Goes After Scammers
According to the New York Times, the Justice Department will seek charges against 57 people accused of stealing from the Paycheck Protection Program.
The Justice Department said on Thursday that it had charged 57 people with trying to steal more than $175 million from the Paycheck Protection Program to help small businesses during the coronavirus pandemic as questions swirled about how its funds were disbursed.
Read more...Business Still Confused About Expenses
As the deadline to file third quarter estimated taxes looms, many small businesses are still uncertain how to treat expenses related to the PPP forgivable loan, reports CNBC.
A key tax deadline is just around the corner, and small-business owners who are in distress are still uncertain of what they’ll owe the IRS.
Read more...Additional Help Needed for Small Business
Small business kept afloat by PPP money from earlier this spring could go under this fall if no further measures are taken by the government, reports the Chicago Tribune.
For six months, small businesses have relied on Paycheck Protection Program loans, operational pivots and no small measure of hope to keep their doors open during the pandemic.
Read more...Beyonce's Foundation Offers Grants
Beyonce’s BeyGOOD foundation is offering another round of grants to Black-owned small businesses, reports Billboard.
Beyonce is continuing to give back. The superstar announced via her BeyGOOD foundation on Wednesday (Sept. 2), that she is donating $1 million in additional funds to help Black-owned small businesses.
Read more...Businesses Say No to Deferring Tax
Small businesses aren’t interested in participating in the deferred Social Security tax program proposed by Trump, reports the Associated press.
As employees of small businesses get their first September paychecks, they’re probably receiving their usual amount — company owners are still withholding money for Social Security despite a presidential order allowing the tax to be deferred.
Read more...Lowe's Helps Fund Grants
According to USA Today, Local Initiatives Support Corporation, with help from funds provided by Lowe’s Home Improvement, has opened another round of small business emergency relief grants.
The next deadline for small businesses to apply for COVID-19 business emergency relief grants from Lowe's is Monday.
Read more...
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