Latest Small business News

Solo business owners struggle for profits, report says

Aug. 19, 2019 1:04 PM EDT

NEW YORK (AP) — The majority of small business owners who work solo struggle to make their companies profitable. That's one of the findings of a report released last week by the Federal Reserve Bank of New York that gave a snapshot of non-employer firms, those that have no employees other than the sole...

Virgin Galactic reveals futuristic outpost for space tourism

Aug. 15, 2019 8:14 PM EDT

UPHAM, N.M. (AP) — Spaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert. The once-empty hangar that anchors the taxpayer-financed launch and landing facility has been transformed into a custom-tailored headquarters...

Climate change still threatens key US river after wet winter

Aug. 15, 2019 7:25 PM EDT

FLAGSTAFF, Ariz. (AP) — Snow piled up in the mountains across the U.S. West last winter, leaving enough to thrill skiers into the summer, swelling rivers and streams when it melted, and largely making wildfire restrictions unnecessary. But the wet weather can be misleading. Climate change means the region...

Small business owners' advice for expanding in a downturn

Aug. 14, 2019 3:34 PM EDT

NEW YORK (AP) — Many small business owners decide to expand their companies even as they see the economy starting to slow, but some are proceeding with caution. Here are tips from owners and consultants about how to expand in a downturn: — Keep a lot of cash in the bank. "Before you start taking...

Businesses have cautious expansion plans as economy weakens

Aug. 14, 2019 3:31 PM EDT

NEW YORK (AP) — Ron Pierce has one eye on expanding his information technology business and the other on something he can't control: the economy. "I'm not afraid to expand my company, but I realize that a recession may be coming and that any expansion could have me reducing my staff," says Pierce, owner of...

Company stirs debate with defense of Taco Tuesday trademark

Aug. 13, 2019 9:09 PM EDT

CHEYENNE, Wyo. (AP) — "Taco Tuesday" may be a well-known term for a themed dinner night out or at home, but as restaurants across the U.S. have learned, it's also trademarked. Cheyenne-based Taco John's — which has nearly 400 locations in 23 states — put its legal stamp on "Taco Tuesday" 30...

Farmers use tech to squeeze every drop from Colorado River

Aug. 13, 2019 8:26 PM EDT

GREELEY, Colo. (AP) — A drone soared over a blazing hot cornfield in northeastern Colorado on a recent morning, snapping images with an infrared camera to help researchers decide how much water they would give the crops the next day. After a brief, snaking flight above the field, the drone landed and the...

Uncertainty puts Argentine business owners on defensive

Aug. 13, 2019 6:40 PM EDT

BUENOS AIRES, Argentina (AP) — At Boedo Automotive in Argentina's capital, rows of shiny new cars are for sale. But two days after the overwhelming primary election thumping for conservative President Mauricio Macri sent the Argentine peso into a tailspin, not a single customer walked through the door...

Beware of tax scam emails and phone calls, IRS warns

Aug. 12, 2019 12:16 PM EDT

NEW YORK (AP) — Months after business owners and other taxpayers have filed their returns with the IRS, thieves try to scam people out of money or personal information. Although scammers operate year-round, the IRS says they step up their activities in the summer, when taxpayers can expect to hear from the...

Kansas imposes toughest online tax collections in the nation

Aug. 7, 2019 7:36 PM EDT

TOPEKA, Kan. (AP) — Kansas plans to impose what some tax experts said Wednesday would be the nation's most aggressive policy for collecting state and local taxes on online sales, possibly inviting a legal battle. The state Department of Revenue issued a notice last week saying any "remote seller" doing...