News (2421)
Time to Get a Business Credit Card
After a certain point it is no longer a good idea to put your business expenses on your personal credit card, reports the Farmington Daily Times. One reason, is if you have employees who will also be charging items or you need to build business credit.
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Small Businesses Benefit from Tax Cut
The recent tax cut could mean gains for pass through businesses, reports Dallas News. Although there is still uncertainty about how much benefit those businesses will gain.
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Small Business Lending is Up
According to Mercury Business, lending to small businesses is up in the Philadelphia area. The Small Business Administration loans were up by 40% in the first quarter of the fiscal year (which runs 10/01/2017-12/31/17).
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Americans’ Financial Satisfaction Hits Record High
Explosive gains in the stock market and a decline in underemployment overcame rising inflation to advance Americans’ personal financial satisfaction to its highest level in the 24-year history of the AICPA’s Personal Financial Satisfaction Index (PFSi). The new high reached by the Q4 2017 PFSi, released today, eclipses the previous record reached last quarter and continues a run of seven consecutive quarters the PFSi has increased.
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WhatsApp for Business
According to the Verge, popular communication app WhatsApp has launched a version for businesses. WhatsApp Business includes profiles that include a description of the business and the various methods for contacting the business.
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Government Shutdown Can Hurt Small Businesses
The government shutdown can affect small businesses, reports Inc.com. The most obvious way is small businesses that have government contracts, but also small businesses that cater to military personnel or federal employees. Also, if you plan to file your taxes early for a quick refund.
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Small Businesses Lag on Marketing
According to Small Business Trends, roughly half of all small businesses take the time to gather marketing intelligence. Only 56% of companies with over 10 employees actually have a staff member whose job it is to gather the information. And, for companies with less than 10 employees only 32% have a dedicated marketing professional.
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Small Businesses Feel Confident
Small business confidence is at an all time high, reports Business Insider. According to the most recent National Federation of Independent Businesses the December optimism index came in at 104.9 which is the highest it's ever been.
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New App Helps Manage Contracts
According to Small Business Trends, there is a new app that helps small business owners keep track of their contracts. Cobblestone lets users, store and edit contracts from their mobile device.
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Small Business Lending Accelerates
Small business lending is up, reports Forbes. The latest Biz2Credit Small Business Lending Index finds that loan approval rates are the highest they’ve been since pre-recession. Big banks approved 25.2 percent and institutional lenders approved 64.3 percent of loans.
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