In Middletown, Ohio, a line of fans snaked around the Skateway's parking lot on Presidents Day. Traffic backed up on the main street out front. A pizza truck lumbered into the already crowded lot to deliver some pies. A crowd of predominantly young girls showed off Taylor Swift-themed bracelets and sang "Shake It Off." The atmosphere
Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest quarterly data released on Thursday morning. Twenty-eight percent of small business owners
As we enter an election year, Americans’ perceptions of economic health matter more than ever. Small business owners are often seen as a bellwether given how acutely they feel changes in policy, and understanding their concerns around inflation and the cost of doing business can shine a light on how voters will respond in November.Â
TULSA — Nestled among rows of colorful shoes lining the walls of Silhouette Sneakers & Art, a framed black-and-white photo reminds owner Venita Cooper of the giants whose shoulders she stands on. Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as
Small business owners are more optimistic to start the year, even as they face persistent inflation and lending concerns, a new poll released Thursday found. Seventy-five percent of small business owners are optimistic about their financial trajectory in 2024, up from 68% a year earlier, according to a survey by Goldman Sachs 10,000 Small Business
How the tax rule change affects payment app users Before this year, you may have received Form 1099-K if you had more than 200 transactions worth an aggregate above $20,000. But the 2023 threshold is just $600, and even a single transaction can trigger the form. That change is expected to result in a flood
As President Biden begins to more forcefully build a reelection case citing Bidenomics, Wall Street forecasts and actual GDP data are supportive, as are recent improving sentiment scores from consumers and CEOs. But on Main Street, small business owners remain a difficult group for Biden to win over. Small business confidence is back at an
Widespread damage from Hawaii's recent wildfires and Hurricane Idalia in Florida underscores the costly effects of natural disasters on small businesses. The total cost to the state from the Hawaiian disaster has been estimated at $4 billion to $6 billion by Moody's. For business owners, it helps to know options to recover and rebuild exist, including
The processing pause on new ERC claims will be in effect through at least the end of 2023. Normal processing times for existing claims could stretch from the standard goal of 90 days to 180 days or longer. IRS increasingly alarmed by 'unscrupulous actors' "The IRS is increasingly alarmed about honest small business owners being
"Businesses that receive ERC payments improperly face the daunting prospect of paying those back, so we urge the utmost caution," IRS Commissioner Danny Werfel said on Thursday, urging small businesses to review claims with a qualified tax professional. In the meantime, the IRS is working on further guidance on how to withdraw unprocessed ERC claims
