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 expanding to include Amazon Business, the e-commerce platform that caters to companies. Affirm shares jumped 19% on the
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 rate of minority-owned businesses increased at
The case challenges a levy, known as "deemed repatriation," enacted via the 2017 Tax Cuts and Jobs Act. Designed as a transition tax, the legislation required a one-time levy on earnings and profits accumulated in foreign entities after 1986. While the 16th Amendment outlines the legal definition of income, the Moore case questions whether individuals
Starting this week, ineligible taxpayers will start receiving copies of Letter 105 C for disallowed claims. Later this month, the IRS will unveil a "voluntary disclosure program" for taxpayers who wrongly claimed the credit. The agency is rejecting filings from entities that didn't exist or didn't have paid employees during the eligibility period. "The action
A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate industry. The real estate compensation model is at the heart of the issue. Plaintiffs contend that commission rates are too high, buyer brokers are being overpaid, and NAR rules, along with the corporate defendants' practices
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 given the hot labor market, but minimum wage rates are rising in many states as a result of new laws. These can be a double-whammy to small
Amazon may be the epitome of big business, but more than 60% of the behemoth's sales last year came from small- and medium-sized businesses. Small businesses rely on Amazon for its reach and breadth, while Amazon needs independent sellers to fill its site with products. But the relationship can be uneasy. Sellers have complained about rising costs
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 child.Â
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 with his brother, Brenden, to help local coffee shops better compete with Starbucks , by making it
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
