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Small enterprise grants will help entrepreneurs in additional methods than one. After all, monetary help is beneficial. However many grant packages additionally supply academic sources to assist enterprise house owners make higher use of their funds. One nonprofit not too long ago launched such a program for women-owned companies.
Small Enterprise Information June 14, 2024
This week, the roundup begins with the problem by small companies of the FTC’s ban on noncompete agreements in court docket, which impacts all small enterprise house owners. There may be additionally information a few reminder from the IRS for taxpayers whose earnings isn’t topic to withholding. The deadline for the second-quarter estimated tax fee is approaching quick on June 17. For that and different small business-related information, right here is the remainder of the information roundup.
Small Businesses Challenge FTC Ban on Noncompete Agreements in Court
The Nationwide Federation of Unbiased Enterprise (NFIB) has filed an amicus transient within the case ATS Tree Providers, LLC v. Federal Commerce Fee (FTC) on the U.S. District Court docket for the Jap District of Pennsylvania.
IRS Reminder: June 17 Estimated Tax Payment Deadline Approaching
The Inner Income Service (IRS) has issued a reminder for taxpayers whose earnings isn’t topic to withholding. The deadline for the second-quarter estimated tax fee is approaching quick on June 17. Assembly this deadline is necessary to keep away from falling behind on taxes and doubtlessly dealing with underpayment penalties.
Poor Payment Experience Deterring 85% of Consumers
A brand new research by Uncover World Community reveals that 85% of customers are much less prone to work together with a enterprise after a poor fee expertise. The 2024 Fee State of the Union (PSOU) research, carried out by Uncover World Community with S&P World Market Intelligence’s 451 Analysis, reveals key insights into service provider fee tendencies and client priorities.
Phishing Emails Claiming to be From Intuit, QuickBooks Making Rounds
Phishing emails claiming to be from Intuit/QuickBooks are making their rounds. This implies paying further consideration when you occur to make use of the instruments Intuit gives on your small enterprise. Phishing scammers rely on belief and urgency. They disguise themselves as respected sources, urging rapid motion to keep away from penalties or acquire rewards.
Georgia SBA Disaster Loan Deadline for Storm Damage Nears
The U.S. Small Enterprise Administration (SBA) is encouraging companies and personal nonprofit organizations in Pennsylvania to use for financial harm help as a result of flash flooding and extreme storms that struck Berks County on July 9, 2023. The deadline to use is June 28, 2024.
Reminder of SBA Disaster Loans for Louisiana Businesses and Residents
The Small Enterprise Administration (SBA) is reminding Louisiana companies and residents of the July 2 deadline to use for federal catastrophe loans to restore or exchange property broken by extreme climate situations in St. Tammany Parish. Francisco Sánchez Jr.
Billings Resident Launches App to Bring Back Community, Support Local Businesses
Prospects and group members may be a few of the largest advocates for small companies. And one lady in Billings, Montana is displaying simply how highly effective that advocacy may be. Christina Southern is a digital advertising and marketing freelancer who works with native small companies.
NERC Reports U.S. Regions at Risk for Energy Shortfalls in Summer
Components of the US might face electrical energy provide shortages if demand peaks are greater than anticipated or if much less electrical energy is generated than anticipated, in keeping with the North American Electrical Reliability Company’s (NERC) 2024 Summer season Reliability Evaluation. Below regular summer season situations, NERC expects the continental United States to have sufficient energy sources this yr.
Cozy Entrepreneurship is the Latest Trend in Anti-Hustle Culture
For years, the narrative surrounding entrepreneurship has been about hustling and doing no matter it takes to achieve your targets. Nevertheless, some enterprise house owners are actually pushing again on that concept, launching a brand new development generally known as mushy or cozy entrepreneurship. Deya Aliaga is a freelancer, digital enterprise supervisor, and YouTuber who has change into one of many predominant proponents of cozy entrepreneurship.
Apple Unveils Apple Intelligence with ChatGPT Integration at WWDC
Apple has introduced a brand new improvement at its annual Worldwide Builders Convention: the launch of Apple Intelligence. This AI mannequin, built-in into Apple merchandise like iPhones and MacBooks, marks a major step for the tech large. The introduction of Apple Intelligence, which makes use of ChatGPT expertise, marks a notable change.
Construction Company Project Manager Convicted of Tax Conspiracy
Jason Pecoy, a undertaking supervisor at Kent Pecoy and Sons Development Inc., was convicted by a federal jury in Massachusetts for conspiring to defraud the US. The case concerned Pecoy, his father, Kent Pecoy, and Kevin Kennedy, who operated two municipal golf programs and bought two custom-built properties from Kent Pecoy’s firm.
Inflation Remains a Top Concern for Small Business Owners
The NFIB Small Enterprise Optimism Index noticed its highest studying of the yr in Could, reaching 90.5, a 0.8-point enhance from April. Regardless of this rise, it stays the twenty ninth consecutive month beneath the historic common of 98. The Uncertainty Index jumped 9 factors to 85, the best since November 2020.
The Latest Theft Target Small Businesses Should Know? Legos
Whenever you consider small companies that is likely to be focused by theft, your thoughts seemingly goes proper to luxurious items like jewellery or watches. Nevertheless, a brand new string of robberies is placing an entire new class of small companies on discover – toy and pastime retailers that promote Legos. Over the previous few months, six Bricks & Minifigs shops throughout Southern California have been damaged into.
Survey Reveals Gap Between Executive Urgency and Employee AI Adoption
A brand new international survey from the Workforce Lab at Slack reveals that whereas utilizing AI instruments at work is linked to improved productiveness and better worker satisfaction, there’s a vital hole between government urgency and worker adoption of AI. The survey discovered that two-thirds of desk staff have but to attempt AI instruments, and 93% don’t totally belief AI outputs for work-related duties.
Salesforce Integrates Project Management into Slack with New Lists
Salesforce has introduced the final availability of Slack lists, a brand new characteristic that integrates undertaking and process administration immediately into Slack. This new addition is designed to streamline collaboration and maintain groups aligned, eliminating the necessity to change between a number of functions.
Alibaba Looking to Attract Small Businesses in U.S. and Europe with New Offering
Chinese language e-commerce firm Alibaba is attempting to draw small companies within the U.S. and Europe with a brand new providing referred to as Alibaba Assured. This service gives consumers on the worldwide B2B platform Alibaba.com with ensures on supply, funds, and settling disputes.
New Service Helping to Combat Epidemic of Loneliness
The U.S. Surgeon Normal has warned that People are dealing with an “epidemic of loneliness and isolation,” as a consequence of lack of in-person social connection. Know-how has actually performed a job in creating this isolation. However one new startup is trying to flip the script, utilizing expertise to assist individuals create extra actual world connections.
Pennsylvania SBA Disaster Loan Deadline for Flood Damage Approaching
The U.S. Small Enterprise Administration (SBA) is urging companies and most non-public nonprofit organizations in Pennsylvania to use for financial harm help as a result of flash flooding and extreme storms that hit Berks County on July 9, 2023. The deadline to use for this help is June 28, 2024.
Wix Unveils AI-Powered Mobile App Builder for Custom Native Apps
Wix.com Ltd. has introduced the launch of AI-powered creation capabilities for its cellular app builder. This new characteristic permits customers to create skilled native cellular functions for iOS and Android while not having to jot down any code.
Less Than a Quarter of Small Businesses Offer 401(k) Plans to Employees
Lower than 1 / 4 of small companies at the moment supply 401(ok) plans for workers, in keeping with a current survey. And this low charge could also be largely as a consequence of incorrect assumptions. The survey, which was commissioned by 401(ok) supplier ShareBuilder 401k, discovered that solely 24 % of small companies with between 1 and 50 staff supply 401(ok) advantages to staff.
Appeals Court Suspends Grant Program for Black Women-Owned Businesses
A federal appeals court docket simply suspended a grant program serving Black feminine enterprise house owners, saying that it seemingly violates the Civil Rights Act. That is the most recent in a sequence of court docket battles surrounding minority enterprise grants, although it’s unlikely to be the final ruling on the topic.
IRS: Many Payments for East Palestine Train Disaster Often Tax-Free
The Inner Income Service (IRS) has introduced that many funds made to people affected by the East Palestine practice derailment in Ohio aren’t taxable. In accordance with Discover 2024-46, posted on IRS.gov, the derailment on February 3, 2023, qualifies as “an occasion of a catastrophic nature.
Canva Report: Visual Communication and AI Adoption on the Rise
Canva’s current Visible Economic system Report 2024, carried out in collaboration with Morning Seek the advice of, surveyed over 3,700 international enterprise leaders from 12 nations, together with the US, UK, Australia, France, Germany, Spain, Brazil, Mexico, Indonesia, Japan, South Korea, and India. The report reveals that visible communication is more and more important for driving enterprise development and engagement.
Asana Unveils AI Teammates to Streamline Workflows and Boost Teamwork
Asana has introduced the launch of Asana AI teammates, adaptable AI collaborators designed to enhance teamwork and streamline advanced workflows. Constructed on Asana’s proprietary information mannequin, The Work Graph®, AI teammates can advise on priorities, energy workflows, triage dangers, motion tasks, and reallocate work to assist groups obtain their targets quicker.
Sprout Social Enhances Platform with AI Innovations and 20 New Capabilities
Sprout Social has introduced a sequence of AI-powered product enhancements and 20 new capabilities throughout its platform. These improvements are designed to assist entrepreneurs prioritize crucial duties, improve creativity, and drive extra enterprise impression by way of social media. Many of those developments will likely be showcased in Breaking Floor, Sprout’s new quarterly product innovation occasion.
Congressman Patrick J. Kennedy on Why Leaders Struggle with Mental Health
I’ve many instances talked and written about my battle with melancholy and nervousness over the previous 40 years. The way it affected me, my household and my companies and we’ve talked with different individuals during the last 15 who’ve had the braveness to fight an identical battle which is all too widespread amongst entrepreneurs and small enterprise house owners.
Utah Small Businesses Reminded of July 2 Deadline to Apply for SBA Working Capital Loans
The Small Enterprise Administration (SBA) is reminding Utah small companies of the July 2 deadline to use for federal catastrophe loans to assist meet working capital wants brought on by extreme thunderstorms and flooding in Salt Lake County. Francisco Sánchez Jr.
Deadline Approaching for SBA Disaster Loans in Kansas for Winter Storm Damage
The Small Enterprise Administration (SBA) reminds non-public nonprofit organizations in Kansas of the upcoming June 27 deadline to use for SBA federal catastrophe loans. These loans can be found for property harm brought on by a extreme winter storm that occurred from January 8 to 16. Eligible nonprofits that present important governmental companies can apply for help.
High Retail Vacancy Rates Providing Opportunities for Small Businesses
Many cities across the U.S. are at the moment coping with excessive emptiness charges in retail and workplace areas. These empty storefronts can negatively impression communities and result in monetary losses for landlords. However they’ll additionally create alternatives for brand spanking new or rising companies on the lookout for business house at low cost costs.
Small Business Owners Most Concerned with Payment Fraud
Small enterprise house owners are more and more involved about numerous types of fraud, in keeping with a current survey. However fee fraud is their prime concern. KeyBank’s 2024 Small Enterprise Survey requested almost 2,000 small enterprise house owners about their fraud issues. Of these respondents, 44 % mentioned that their largest concern is fee fraud, unauthorized transactions or fund transfers.
Entrepreneur Building Inclusivity Into Construction Industry
LGBTQ+ people make up a really small proportion of the development business. However one entrepreneur is trying to make the business extra welcoming to members of this group. Tommy Whitehead is the proprietor of TomCo Options, an LGBTBE-certified development firm within the Tampa, Florida space. TomCo Options is one in every of simply 50 companies across the U.S. with this certification.
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This text, “In the News: Up to $100K in Matching Grants Available Now” was first printed on Small Business Trends