News (2421)
Fed Encourages More Financial Help
According to Politico, the Federal Reserve is encouraging the government to offer more assistance to small businesses suffering from covid-19 related financial problems.
The Federal Reserve on Friday warned that struggling small businesses may need more government support even after employers received more than $500 billion in emergency loans.
Read more...Tax Credits for Small Business
The government is offering several coronavirus related tax credits for small businesses, reports USA Today.
If you own a small business, the Great Lockdown has probably been difficult. Whether you've been forced to shut down or have been able to stay open (despite the risk) as an essential business, these are turbulent economic times, and your company is probably feeling some adverse financial effects.
Read more...Paycheck Protection Rules Ease
The Federal government has eased some of the Paycheck Protection Program regulations, reports KCCI.
On Friday, President Donald Trump signed new legislation that eased some of the policies surrounding the Paycheck Protection Program under the federal coronavirus relief
Read more...Understanding Tax Credits for Employee Retention
Small businesses need to understand the new tax rules regarding employee retention during COVID, reports the Motley Fool.
If you own a small business, the Great Lockdown has probably been difficult. Whether you've been forced to shut down or have been able to stay open (despite the risk) as an essential business, these are turbulent economic times, and your company is probably feeling some adverse financial effects.
Read more...Americans Embrace Online Shopping
According to Small Business Trends, a new survey finds that 87% of Americans are shopping online.
A survey by Ware2Go has found there are signals of a possible rebound in the consumer market driven by online buying.
Read more...New Employment Guidelines Released
According to Newsday, the Equal Employment Opportunity Commission has updated its guidelines to include Covid-19 related screening.
COVID-19 has changed the way workplaces operate perhaps forever, which makes reopening for many businesses an arduous task.
Read more...Giving Small Business More Time to Use PPP Funds
According to Market Watch, the Democratic held house has voted in favor of a bill that would give small businesses more time to use their PPP funds.
The Democratic-run House on Thursday voted overwhelmingly in favor of a bipartisan bill that would give small businesses more time to use emergency loans and let borrowers spend less of their loan proceeds on payroll.
Read more...Minneapolis Small Businesses Hit Again
Minneapolis small business owners already struggling from the effects of the pandemic face aftermath of protests, reports the Star Tribune.
Elias Usso got an alert at home around 9:30 p.m. Wednesday when an alarm went off at his small pharmacy near Lake Street and Hiawatha Avenue.
Read more...Loan Forgiveness Rules Make Companies Unhappy
According to Politico, the recently released rules for how the paycheck protection program loans can be forgiven aren’t what businesses were expecting.
The Trump administration released long-awaited rules on how government-backed small business loans can be forgiven, but they fall far short of what employers and lawmakers are demanding for the popular program.
Read more...Small Businesses Make Changes to Reopen
Small businesses considered what changes they need to make to reopen safely, reports USA Today.
As small business owners throughout the nation look to reopen after being shuttered for two months because of the coronavirus pandemic, some say they are weighing public health with economic need.
Read more...
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