Monitoring grant alternatives is necessary for small enterprise homeowners. Grants present obligatory funding for various enterprise wants like enlargement, gear purchases, and advertising and marketing. Staying up to date on out there grants permits companies to safe monetary assist with out reimbursement obligations, serving to keep money stream and promote development.
Moreover, grants typically present entry to sources, mentorship, and networking alternatives, aiding enterprise improvement and sustainability. Usually checking for grants ensures that small companies can make the most of these beneficial alternatives to enhance their operations and obtain long-term success.
Thousands in Additional Grant Funds Proposed to Help Small Businesses
Small enterprise grant applications stay among the finest methods for native communities and authorities companies to assist the financial system. There are lots of methods these applications will help small companies, from enhancing downtown storefronts to creating new jobs. Beneath, discover a number of applications which can be at present supporting companies and communities all through the U.S.
SBA Announces $3M in Grants to Improve Cybersecurity for Small Businesses
The U.S. Small Enterprise Administration (SBA) has introduced $3 million in new funding to assist cybersecurity for rising small companies. This initiative, beneath the Cybersecurity for Small Companies Pilot Program, will award three grants to state companies, offering coaching and assist to fight cyber threats.
Small Enterprise Information July 26, 2024
This week, the roundup begins with a warning from the IRS. Promoters and social media platforms are spreading false info, encouraging taxpayers to file incorrect “Self Employment Tax Credit score” claims. The IRS can be urging taxpayers who requested an extension to file their taxes over the summer time relatively than ready till the October deadline. For extra small business-related information, check out the remainder of the roundup.
IRS Warns Taxpayers About False “Self Employment Tax Credit” Claims
The Inner Income Service (IRS) has issued a warning to taxpayers about deceptive claims concerning a non-existent “Self Employment Tax Credit score.” Promoters and social media platforms are spreading false info, encouraging taxpayers to file incorrect claims.
IRS Urges Early Filing with Free File Ahead of October Deadline
The IRS is urging taxpayers who requested an extension to file their taxes to make the most of IRS Free File and different sources on IRS.gov over the summer time relatively than ready till the October deadline. By doing so, taxpayers can keep away from the frenzy and potential stress because the deadline approaches.
Supreme Court Decisions Benefit Small Businesses in 2023-2024 Term
The U.S. Supreme Courtroom’s 2023-2024 time period introduced key victories for small companies, impacting the Predominant Road financial system. The Nationwide Federation of Unbiased Enterprise (NFIB) filed amicus briefs in 12 circumstances, with 5 selections favoring small companies, together with a big ruling overturning Chevron.
Former Tech CEO Pleads Guilty to $14M Payroll Tax Fraud
Andrew Park, a New Hampshire resident and former CEO of a startup know-how firm, has pleaded responsible to evading over $14 million in payroll taxes and failing to file private tax returns. Park, 49, from Bedford, was chargeable for the corporate’s monetary issues, together with submitting quarterly employment tax returns and managing federal, state, and native tax funds.
SBA Working Capital Loans Deadline for New York Businesses: August 5, 2024
The U.S. Small Enterprise Administration (SBA) is alerting small companies, agricultural cooperatives, aquaculture enterprises, and most non-public nonprofit organizations that the deadline to use for federal working capital loans is quick approaching. These loans are for these impacted by the twister and heavy rains that started on July 2, 2023.
Amazon Prime Day 2024 Achieves Record Sales
Amazon has introduced that Prime Day 2024 was its most profitable Prime Day occasion ever, breaking gross sales data with extra gadgets offered than any earlier 12 months. Through the two-day occasion, Prime members worldwide took benefit of offers throughout greater than 35 classes, saving billions of {dollars}.
Treasury and IRS Update RMD Regulations for IRAs and Retirement Plans
The Treasury Division and the Inner Income Service (IRS) have issued up to date steerage on required minimal distributions (RMDs) from Particular person Retirement Accounts (IRAs) and different retirement plans. These ultimate laws, which align intently with the proposed guidelines from 2022, replicate modifications launched by the SECURE Act and the SECURE 2.0 Act.
SBA Amends Disaster Declaration, Offers Loans to Texas Nonprofits
The U.S. Small Enterprise Administration (SBA) has amended its catastrophe declaration for Texas, making low-interest federal catastrophe loans out there to particular non-public nonprofit organizations in Bailey County. This follows President Biden’s Might 23 main catastrophe declaration attributable to extreme storms, straight-line winds, tornadoes, and flooding from April 26 to June 5.
Small Business Demonstrates What’s Possible When Adopting AI
Synthetic intelligence is a supply of each pleasure and nervousness for a lot of small companies. One enterprise in Michigan is at present exhibiting what’s attainable, whereas additionally leaving many unanswered questions in regards to the future. LaFleur Advertising in Grand Rapids, Michigan, first began utilizing a number of AI instruments final 12 months.
Nearly All Small Business Owners Are Happy When Fulfilled at Work
Most of the present headlines surrounding small enterprise homeowners sign doom and gloom. For instance, many are pessimistic about their firm’s outlook for the approaching 12 months, involved about inflation, and even closing attributable to rising hire and different bills. However even with all of those hardships, a latest survey suggests that almost all small enterprise homeowners describe themselves as completely satisfied.
Entrepreneur Combines Passions for Baseball and Woodworking
Baseball is a sport steeped in custom and nostalgia. However one entrepreneur in Baldwin Metropolis, Kansas is discovering methods to place a novel new spin on the sport. Jacob Austin Walters is a longtime baseball fan who grew up taking part in up by means of the faculty degree. His different ardour as he grew up was woodworking. So Walters discovered a solution to combine these two pursuits – making bats.
Salesforce Launches Einstein Service Agent for Efficient Customer Service
Salesforce has launched Einstein Service Agent, an AI-driven chatbot designed to streamline customer support by resolving points shortly and precisely. This new instrument improves customer support by offering an clever, conversational interface that makes use of trusted enterprise and buyer knowledge.
Semrush and Emojipedia Launch Emoji Marketing Mini-Course for Marketers
Semrush Academy has teamed up with Emojipedia to launch an Emoji Advertising Mini-Course, aiming to help entrepreneurs in utilizing emojis successfully. This partnership addresses the demand from entrepreneurs who typically discover it difficult to pick acceptable emojis for his or her campaigns. Emojipedia, a number one digital model beneath Zedge, Inc.
Michigan Teen Graduates High School Early to Run Businesses
For years, younger individuals have been instructed to go to varsity after which discover a profitable profession. However greater schooling isn’t essential to run a profitable enterprise, as one younger entrepreneur in Michigan is proving. Addison Bringedahl is a 17-year-old in Pentwater, Michigan. Her household runs a number of companies, together with a normal retailer and a enterprise that rents and repairs golf carts.
Miami Entrepreneur Finds Unique Way to Fight Fast Fashion Pollution
Quick trend manufacturers are a serious contributor to the world’s air pollution. However one Florida enterprise is discovering a novel solution to make the trade extra environmentally pleasant. Patricia Ermecheo is the founding father of Osomtex, a Miami-based trend firm that makes recycled cloth and yarn out of potential trend waste.
Be Uniic’s No-Nonsense Approach Revolutionizes Startup Marketing
Within the aggressive world of startup advertising and marketing, success tales are uncommon, and plenty of companies fail to ship on their guarantees. Be Uniic is altering the sport with an easy strategy to development and advertising and marketing for startups. Specializing in pre-seed to Collection B startups, Be Uniic focuses on driving development by means of good, data-driven methods.
GPS Manufacturer Pays $2.6M to Settle False Claims Act Allegations Over PPP Loan
Hemisphere GNSS (USA) Inc., a GPS producer in Arizona, has agreed to pay $2.6 million to settle allegations that it violated the False Claims Act. The corporate allegedly supplied false info to use for and obtain forgiveness of a Paycheck Safety Program (PPP) mortgage it was not entitled to obtain.
IRS Enhances FATCA Registration with Multi-Factor Authentication
The Inner Income Service (IRS) introduced that it’ll enhance the id authentication course of for monetary establishments registering beneath the Overseas Account Tax Compliance Act (FATCA). Beginning July 14, customers should sign up or register with the IRS’ credential service suppliers, Login.gov or ID.me, to entry the FATCA Registration System. FATCA requires most U.S.
Elon Musk Announces California Exit Due to Controversial New Law
Billionaire Elon Musk lately introduced that he’s transferring the headquarters for his firms SpaceX and X out of California after the passage of a controversial new invoice. The Invoice, Elon Musk exiting California attributable to AB 1955, a invoice that prohibits faculties from notifying mother and father of modifications in a baby’s gender id. Musk wrote on X, previously often known as Twitter, “That is the ultimate straw.
She Traveled to All 50 States- This is What She Learned About Business
What when you traveled across the nation to every state for every week multi functional 12 months and met individuals identical to you and those that weren’t in any respect such as you. This week on The Small Enterprise Radio Present, I talked to State Senator Dafna Michaelson Jenet, who did simply that a few years in the past and was featured on “Sunday Morning” consequently.
Smartsheet Integrates Amazon Q to Boost Employee Productivity with AI
Smartsheet has built-in Amazon Q, a generative AI assistant, into its operations to reinforce productiveness and streamline information administration. This new AI-powered instrument, a part of a deeper partnership with Amazon Internet Companies (AWS), seems to offer fast solutions to staff’ questions, serving to them work extra effectively.
Arkansas Nonprofits: SBA Disaster Loan Deadline Approaches
The deadline for Arkansas non-public nonprofit organizations to use for Small Enterprise Administration (SBA) federal catastrophe loans is approaching. Francisco Sánchez Jr., affiliate administrator for the Workplace of Catastrophe Restoration and Resilience on the SBA, reminded organizations of the August 14, 2024 deadline.
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