News (2411)
Additional Paycheck Protection Funds May Come
According to CNBC, the new Covid relief plan includes additional Paycheck Protection Program funds for small businesses.
Small business owners with battered finances might be in line for additional funding from the Paycheck Protection Program.
Read more...New Retirement Plan Option
According to Small Business Trends, Paychex will offer a new retirement plan program, the Pooled Employer Plan.
In response to the SECURE Act’s provisions, Paychex, Inc. will be among the first retirement plan providers to introduce a Pooled Employer Plan (PEP) to help U.S. small businesses offer a cost-effective retirement plan option for their eligible employees.
Read more...New Mexico Businesses Get Boost
Small businesses in New Mexico can apply for covid relief grants from the state, reports KOB 4.
Starting next week, small business owners in New Mexico can apply for a grant from the $100 million that state lawmakers set aside during the special session.
Read more...SF Area Business Fear New Shut Down Means End for Them
San Francisco Bay area businesses worry about surviving another shut down order, reports SF Gate.
Many Bay Area small businesses barely survived the first shutdown in March, only to go under during the summer when California's watch list system imposed another round of mandated closures.
Read more...PPP Loan Program Abused
According to NBC News, data from the Small Business Administration shows PPP loans were given to questionable recipients.
Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows.
Read more...Keeping Business Going During Pandemic
Small businesses can take steps to keep their businesses going during the pandemic, reports Fobes.
While the pandemic continues to take its grim toll throughout the United States, there has been recent good news of late regarding vaccines and therapeutics. However, let’s get real, this tough business climate is not going away soon.
Read more...Small Business Saturday Hopes
According to WKOW, small businesses pin their hopes on a successful Small Business Saturday.
For many Madison-area businesses, this year's Small Business Saturday was more important than ever. "It has been a tough year, so it is very important that we have the opportunity today to invite in the neighborhood, the community to share with them what we're doing," Ann Culligan at Infusion Chocolates on Monroe Street said.
Read more...Small Business Could Get Big Bill
Many small businesses could face a tax bill for the Payroll Protection Loan money they received during the pandemic, reports NNY 360
A recent IRS ruling tying up a loose end in the 2020 economic-relief law could force many small businesses to pay taxes on government aid meant to help through the pandemic.
Read more...Wisconsin Opens Up More Small Business Grants
According to the Milwaukee Journal Sentinel, Wisconsin has freed up another $120 million dollars in small business grants.
While Wisconsin small businesses are waiting to hear if they have been awarded "We're All In" grants through the state government, the pot of money has increased by $70 million.
Read more...Support Small Business
Consumers looking for holiday gifts can support their local small businesses on Saturday November 28, Small Business Saturday, reports CNBC.
While major retailers like Amazon and Target are running month-long holiday deals, you should consider paying it forward and shopping small for gifts this year since your spending can make a big difference for a small business owner.
Read more...
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