News (2421)
Use Business Deductions Wisely
While you might be tempted to take as many deductions as possible for your small business taxes there are times when that isn’t the right plan, reports CNBC. For example, deductions lower your annual income which could lower the sale price of your business.
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Small Business Hiring Down
According to CNBC, small business hiring was impacted by the hurricanes. The Paychex Small Business Jobs Index decreased 0.04 from September to 99.89.
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The Evolution of Customer Conversations: Launch Messenger Customer Chat
Conversocial, social messaging for customer care, has announced that Conversocial and some of its customers are among the first to gain early access to the closed beta of Facebook Messenger customer chat, a newly-released capability that enables people to talk with businesses across web and Messenger.
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Year End is Time to Appraise Operations
As the end of the year approaches it is a good time for businesses to look over their overall operations, reports Small Business Trends. It is an opportunity to see if margins are good, if supply contracts can be negotiated and it there is any other financial “tweaking” that needs to be done.
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Amazon Prime Shipping for Business
Businesses will soon be able to get their Amazon orders quicker, reports GeekWire. Amazon announced its Business Prime Shipping, which lets businesses sign up for bulk fast shipping. The bulk fast shipping is $499 a year and works for companies with as few as 10 employees.
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Square Increases Lending
According to Recode, Square is increasing the reach of its small business lending. The company reached agreements with Big Commerce and Caviar to offer loans to businesses that already use those services.
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Americans’ Financial Satisfaction Hits 24-Year High: AICPA Index
Increased gains in the stock market and a high number of available jobs has Americans experiencing their highest level of personal financial satisfaction in the 24-year history of the AICPA’s Personal Financial Satisfaction Index (PFSi). The new high reached by the Q3 2017 PFSi, released today, eclipses the previous record reached right before the great recession (Q4 2006). The AICPA began issuing the PFSi quarterly in January 2015, with the data for the index tracking back to 1994.
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The Hidden Cost of Doing Business
Small business owners need to be aware of the ‘hidden’ costs of running a business, reports Chicago CBS. Things such as insurance, utilities and legal services can really take a toll on the finances.
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New Marketing Channel for Small Business
Small businesses have a new marketing channel, reports Forbes. Small businesses can use the new Spotify Ad Studio to create audio ads.
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Most In Demand Employees
Surprisingly, the most in demand employee for small businesses is a truck driver, reports Small Business Trends. The second most in demand employee is a customer service rep.
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