Many restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips for their workers under the new tax laws. The "no tax on tips" provision in President Trump's One Big Beautiful Bill Act allows certain workers to deduct up to $25,000 in "qualified tips" per year
Zohran Mamdani's shock-to-the-establishment victory on election night left the Wall Street and billionaire class reeling, but it could provide a jolt to the small business community. Supporters of Zohran Mamdani point to the mayor-elect of America's largest city having put out a detailed policy plan for small businesses. Among Mamdani's small business policy proposals are
Americans will experience sticker shock this health insurance open enrollment season, with higher premiums for individuals and families, and for small business owners and their workers on Main Streets across the U.S., there's little relief. While small business advocates are seeking Congressional assistance, the prospects for support are hazy, at best. After payroll, healthcare is
Thinking about selling your small business in a few years? The One Big Beautiful Bill Act could mean millions more in your pocket. President Donald Trump's signature legislation, enacted in July, has significantly expanded the benefits of qualified small business stock, shares in an eligible small business that are subject to special capital gains tax
As the U.S. economy moves through the final quarter of the year, uncertainty remains a constant. Consumers and large corporations are showing resilience, but Main Street is still feeling the squeeze of inflation and shifting policies. The result? These mixed signals are keeping many small business owners on the sidelines when it comes to hiring
Nearly a month after the Trump administration's surprise $100,000 payment for new H-1B visa recipients went into effect, the headline-grabbling change is disrupting high-tech talent pipelines in two distinct parts of the U.S. economy: small businesses and venture-backed startups. In the short-term, the restrictions are already slowing hiring and shrinking the talent pool, according to
When it comes to tax planning by business owners on Main Street, many aspects of President Trump's One Big Beautiful Bill Act were at best incremental, unlike the fundamental shifts introduced under the 2017 Tax Cuts and Jobs Act. "The corporate tax rate is still 21%," said Ben Rizzuto, wealth strategist at Janus Henderson. "That
President Trump's One Big Beautiful Bill passed over the summer, but the tax benefits have barely begun. Many Main Street businesses stand to gain significantly from new tax law deductions into next year, some key ones as high as 100% of costs. The favorable tax measures are not all entirely new. Some had been phased
As the U.S. begins its first federal government shutdown since 2018, with uncertain repercussions for the economy, the ghost of Elon Musk continues to rattle real estate markets across the U.S. Even though Musk left the government months ago, his legacy remains with DOGE. One of the ways in which DOGE has sought to cut
Kimberly Blair, a San Diego-based wellness practitioner who specializes in grief counseling, noticed an uptick in "screen fatigue" among her clients, whom she had been counseling largely virtually. So, she decided to open a storefront location and offer more in-person sessions. When she began casting about for locations, she found that there were many prime options
