This story is part of CNBC's quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies, and employees. Fewer than 15% of businesses in Salt Lake City, Utah, are owned by women, one of the lowest reported proportions in the United States
Here's the kicker: Businesses and owners that don't file may face civil penalties of up to $591 a day, for each day their violation continues, according to FinCEN. (The sum is adjusted for inflation.) Additionally, they can face up to $10,000 in criminal fines and up to two years in prison. "To a small business
Scholars and political strategists have long observed a tendency among voters to seek change in leadership during periods of economic hardship, a phenomenon rooted in the belief that new leadership may offer solutions to pressing economic challenges. Our recent quarterly polls have highlighted small business owners' concerns about inflation and other difficulties faced during the Biden
Harris campaign surrogates are planning a series of stops with small businesses in at least six battleground states this week, according to a preview of the announcement first obtained by CNBC on Tuesday. Harris will not be attending these specific events herself. The campaign said "elected officials" and "community leaders" will go in her place
Last week, the Federal Reserve slashed interest rates for the first time in over four years, signaling a potential uplift for stocks and Wall Street. But what does it mean for the backbone of America, our small businesses? A new CNBC|SurveyMonkey study fielded just before the Fed announced its first rate cut, which was anticipated
Small business owners are collectively breathing a sigh of relief at the Federal Reserve's widely-anticipated decision to cut interest rates last week, and new data show owners expect to put that increased capital to work. CNBC and SurveyMonkey's Small Business Survey for Q3 found that owners said lower interest rates will lead them to increase
More than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated "creator credentials" that will grant these influencers special access to the party's convention. "Bringing creators to our convention will multiply our reach and ensure that everyone can witness democracy in action," Cayana Mackey-Nance, director of digital strategy
Lawmakers added the temporary QBI deduction to the Tax Cuts and Jobs Act to create tax rates for pass-through businesses that are similar to tax rates for corporations. But while the QBI deduction will sunset after 2025, the legislation permanently reduced corporate taxes by dropping the top federal rate from 35% to 21%. For tax
During the ERC review period, the agency processed 28,000 claims received before September 2023 worth $2.2 billion and disallowed more than 14,000 claims worth $1 billion, according to the release. Overall, compliance efforts for erroneous ERC claims have topped more than $2 billion since last fall, the IRS said. "This is one of the most
EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford, New Jersey, was a welcome change of scenery. Gibson's participation at the ski park was made possible through the Hoods to Woods Foundation, a nonprofit based in New York and New Jersey that
