Small Business

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or Venmo or e-commerce companies such as eBay, Etsy or Poshmark in 2023, your tax return may now be a little less complicated. The IRS announced Tuesday that 2023 would

Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned. “I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an

In this article HUBS BILL PAYC ZI Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Getty Images Nick Martin, co-founder and CEO of Joe Coffee, is so concerned about the state of the economy that he’s looking for ways his company can save money. One main area for cuts: software. Martin started the Seattle-based company

Getty Images Open enrollment season can be a time of trepidation for the self-employed.  The stakes are especially high because if you need to buy individual or family coverage, the next few weeks could be your only chance for 2024, barring certain exceptions such as moving to a different state, getting married, divorced or having

A “Now Hiring” sign is posted in the drive thru of a McDonald’s restaurant on July 07, 2021 in San Rafael, California. Justin Sullivan | Getty Images More wage hikes are coming across U.S. states in 2024 and many Main Street businesses may feel the pinch.  Not only are wages generally up from year-ago figures

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Products in a loading bay at an Amazon fulfillment center on Prime Day in Melville, New York, US, on Tuesday, July 11, 2023. Amazon.com Inc.’s annual Prime Day shows that e-commerce isn’t the driver it once was for the stock, as investor focus shifts to

Maskot | Digitalvision | Getty Images The United States has experienced a small business boom in recent years, and people of color are a large part of that success, making progress on historical underrepresentation of Black and brown entrepreneurs in America.  From 2010 to 2020, the minority population grew from 36.3% to 42.4%, but the

In this article AMZN AFRM Follow your favorite stocksCREATE FREE ACCOUNT Alain Jocard | AFP | Getty Images Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively. The tech giant confirmed Thursday that its partnership with Affirm is

Oleksandra Yagello | Moment | Getty Images In many respects, conditions are good for U.S. small businesses. Inflation, from the cost of goods to wage growth in the labor market, are coming down. And the economy is growing like gangbusters, with the most recent GDP reading outperforming expectations, a fact that the Federal Reserve noted

The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic. The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping businesses claim the credits. Suddenly, a parade of ads encouraging businesses to

Liquidation Sale signs in business storefront, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Small business bankruptcies are on the rise. Subchapter V filings — which most small businesses these days are using to reorganize a floundering business — have outpaced filings from

Thomas Barwick | DigitalVision | Getty Images It wasn’t too long ago that women who needed business capital didn’t struggle to access it — they simply couldn’t get it, at least not without a male relative to co-sign on a loan. There’s been considerable progress since 1988 when that law was changed, but the gender