News

News (2200)

Businesses Look for Government Relief

As businesses continue to struggle with the economic effects of another Covid surge they look to the government for relief, reports News 5 Cleveland. 

As the U.S. continues to deal with the omicron surge, many small businesses owners are struggling to stay afloat. Now, they’re calling on Congress to provide additional federal aid to help them keep their heads above water.

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Lending Up for Small Business

Small business lending has increased, reports Small Business Trends.

Asides lending to small businesses from the big bank witnessing a rise, small bank approvals for the same period also increased.

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IRS Updates How Small Businesses Change The Accounting Methods

According to the Journal of Accountancy, the IRS has made it easier for small businesses to change their tax accounting methods. 

Under guidance in Rev. Proc. 2022-9 issued Thursday, taxpayers may obtain the IRS's automatic consent to change their tax accounting methods to comply with final regulations relating to simpler tax accounting methods available to smaller businesses.

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Small Business Feeling Optimistic

A new survey finds that small businesses are feeling more optimistic, reports CNBC. 

The vast majority of small-business owners say they finally see the light at the end of the Covid-19 tunnel, economically speaking. Other CEOs aren’t so sure.

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Small Businesses Hit Hard by Omicron

Omicron is pushing America’s small businesses to the brink, reports Bloomberg. 

Imagine you were born in modest circumstances and spent decades shaking off the limitations of your rural hometown. 

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Boosting Small Business In Underserved Communities

The Small Business Administration’s Council on Underserved  Communities is working on ways to boost small business in underserved communities, reports Small Business Trends. 

The Council on Underserved Communities (CUC) has held its first virtual meeting to discuss efforts to boost America’s small businesses and align the priorities of the various contributing groups for the coming year.

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Are 4 Day Work Weeks the Answer

According to the Guardian, offering 4 day work weeks could be the answer to solving the labor crisis.

Every small business owner I talk to has the same problem: we can’t find enough people to do the work we need. Well, I have an answer: perhaps we should be offering a four-day workweek.

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Government Contracts and Small Business

Getting a government contract could be an amazing boost for a small business, reports Small Business Trends. 

Learning how to get government contracts on local, state and federal levels is good for your small business. Small businesses prefer these contracts because they pay well. For example, the average federal contractor made over $100,000 a year in 2017.

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Supply Chain Issues Still Hurting Small Business

Small businesses are still struggling with supply chain issues, reports Reuters. 

Phillip Howard pointed toward a stack of black ski pants piled atop a counter in his winter sports shop as evidence of the hurdles small business owners still face as the pandemic drags on.

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Keeping Businesses Safe From Cyber Attacks

According to Security Intelligence, the advice for small businesses to avoid being the victim of a cyber attack remains the same. 

Every year, new tips come out about small business cybersecurity. But the advice for 2022 isn’t all that different from previous years.

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