News (2424)
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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...Small Businesses Betting on Holiday Boost
Small businesses are hoping this holiday season helps balance out losses from early spring, report CNBC.
Unlike most retailers, which see a sales peak over the winter holidays, revenue at Potomac River Running, a chain of 10 specialty running stores in Washington, D.C., and Virginia, is highest during the spring and summer.
Read more...SMB Sales Soar by 60% on Amazon Prime Day, Sold $3.5 Billion Worth of Goods
According to the research data analyzed and published by ComprarAcciones.com, Amazon Prime Day sales 2020 amounted to $10.4 billion. Compared to 2019 when sales totaled $7.16 billion, there was a 45% increase.
Read more...Business Owners Remain Optimistic
New survey from Capital One finds that small business owners remain optimistic about their future, reports Tech Republic.
It’s likely that optimism buoyed many small business owners (SBOs) to start and build their businesses to successful heights.
Read more...Tax Savings Before Year End
According to the Colorado Times, there are some tax saving steps small business owners can take before the end of the year.
If you own a successful small business or professional practice, it is not (yet) too late to make a last-minute move to save big on your 2020 tax bill . . . but time is running out.
Read more...
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