State Laws Harming Some Small Businesses

Small businesses have had to face numerous challenges in recent years, including new laws designed to protect workers in certain states. For example, Illinois recently passed several laws to support workers, like an increased minimum wage and mandatory paid leave....

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Cybertruck-Run Business Temporarily Closes Due to Vandalism

A Dayton, Ohio, entrepreneur who ran an ice cream business from a Tesla Cybertruck was recently forced to shut down operations due to vandalism to his vehicle. Daniel Herres is the owner of Cyber Cream Dayton. He recently posted about...

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Former Tech CEO Pleads Guilty to $14M Payroll Tax Fraud

Andrew Park, a New Hampshire resident and former CEO of a startup technology company, has pleaded guilty to evading over $14 million in payroll taxes and failing to file personal tax returns. Park, 49, from Bedford, was responsible for...

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IRS Urges Early Filing with Free File Ahead of October Deadline

The IRS is urging taxpayers who requested an extension to file their taxes to utilize IRS Free File and other resources on IRS.gov over the summer rather than waiting until the October deadline. By doing so, taxpayers can avoid...

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SBA Working Capital Loans Deadline for New York Businesses: August 5, 2024

The U.S. Small Business Administration (SBA) is alerting small businesses, agricultural cooperatives, aquaculture enterprises, and most private nonprofit organizations that the deadline to apply for federal working capital loans is fast approaching. These loans are for those impacted by...

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Amazon Prime Day 2024 Achieves Record Sales

Amazon has announced that Prime Day 2024 was its most successful Prime Day event ever, breaking sales records with more items sold than any previous year. During the two-day event, Prime members worldwide took advantage of deals across more...

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Treasury and IRS Update RMD Regulations for IRAs and Retirement Plans

The Treasury Department and the Internal Revenue Service (IRS) have issued updated guidance on required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and other retirement plans. These final regulations, which align closely with the proposed rules from 2022,...

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SBA Amends Disaster Declaration, Offers Loans to Texas Nonprofits

The U.S. Small Business Administration (SBA) has amended its disaster declaration for Texas, making low-interest federal disaster loans available to specific private nonprofit organizations in Bailey County. This follows President Biden’s May 23 major disaster declaration due to severe...

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Small Business Demonstrates What’s Possible When Adopting AI

Artificial intelligence is a source of both excitement and anxiety for many small businesses. One business in Michigan is currently showing what’s possible, while also leaving many unanswered questions about the future. LaFleur Marketing in Grand Rapids, Michigan, first started...

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Nearly All Small Business Owners Are Happy When Fulfilled at Work

Many of the current headlines surrounding small business owners signal doom and gloom. For example, many are pessimistic about their company’s outlook for the coming year, concerned about inflation, or even closing due to rising rent and other expenses....

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