Governor Gina Raimondo of Rhode Island has just released the proposed state budget that clocks in at nearly $10.2 billion. The governor has added measures to help close the budget estimated $200 million deficit as well as adding more investments into education and affordbale housing.Read More
The Chinese e-commerce rival to Amazon is looking to offer more help and support to U.S. small and medium-sized businesses to further help the company to cross more successfully into the U.S. Alibaba will be hosting "B2B Tuesday" each week to feature success stories, in-person events, and much more.Read More
Oscar Health, or better known as Obamacare, has created a partnership with Cigna where the two companies plan to "to equally share risk under a reinsurance agreement". The two companies will offer fully insured small business plans under the name of Cigna + Oscar after it has been cleared by regulators.Read More
In running a small business, it is crucial to remain up-to-date on the latest trends involving technology, marketing, customer service, and a number of other areas. Some 2020 trends include: leveraging e-commerce and using mobile marketing in a number of ways.
Even with employment remaining at a flat rate, the employee wages in small businesses are continuing to grow at a rapid pace. There has been a 4.1 percent annual rate growth for the end of the year, though job gains decreased 0.7 percent due to the first half of the year.
With a number of states continiung to raise the state minimum wage, many small businesses will be affected by having higher labor costs added on this year. Many will also be impacted by the new overtime rules being applied that is expected to help 1.3 million workers receive a raise.
According to an annual survey called the Small Business Credit Survey (SBCS), 57 percent of small businesses in the U.S. had experienced revenue growth and also one-third of the small businesses were able to add workers to the payroll for the 2018 year.
With the month of November 2019 being one of the lowest for job growth with only 11,00 jobs added, December 2019 has made up for those lows. According to the ADP National Employment Report an astounding 69,000 jobs were added by small businesses with franchises adding in another 59,700 jobs.Learn More
Last year was the first year the Tax Cuts and Jobs Act was introduced and used during the tax season, however, this year brings in some additional changes and updates so the IRS has created a new W-4 form. These are 10 things small business owners need to know about the new W-4 forms.Learn More
A whole new year marks a number of new trends for small businesses to be out on the look for. Some of the latest trends that small business owners should remain aware of are: the rise in open offices, reduction of gig jobs, and how the millennial generation is changing the workforce.Learn More