Latest Small business News
Summer hours are a perk small businesses can offer to workers to boost morale
NEW YORK (AP) — With summer having gotten off to a scorching start, workers across the country may be dreaming of a seaside escape or cutting out early to watch a movie in an air-conditioned theater. For some, that can be a reality. Business owners have found that offering summer...
Judge puts $30 billion Visa, Mastercard settlement on hold, in signal of likely rejection
NEW YORK (AP) — A federal judge said she's not likely to approve the $30 billion settlement between the payment processing giants Visa and Mastercard and the merchants who say they've overpaid on swipe fees. Visa and Mastercard reached a settlement with a group of small businesses...
Small Business Administration offers $30 million in grant funding to Women's Business Centers
NEW YORK (AP) — The Small Business Administration will offer $30 million in grant funding for Women's Business Centers for a variety of projects, including funding to open a center in the U.S. Virgin Islands. Eligible organizations that are selected will be awarded up to $150,000...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
NEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper. The ERC was designed to help businesses retain employees during...
Business owners increasingly worry about payment fraud, survey finds
NEW YORK (AP) — Small businesses are increasingly concerned about payment fraud. That's according to a small business survey from regional bank KeyBank. Nearly 2,000 small-to-medium size business with annual revenue of less than $10 million were surveyed. The top...
What the new 'buy now, pay later' rule means for small businesses offering the service
NEW YORK (AP) — “Buy now, pay later” services are a popular way that shoppers pay for goods. The payment plan is usually marketed as zero-interest, or low interest, and allows consumers to spread out payments for purchases over several weeks or months. Because...
Maui Council budgets $300,000 to study impacts of eliminating 7,000 vacation rentals
LAHAINA, Hawaii (AP) — Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and runs the...
Small business owners are more undecided about the election than the general public
NEW YORK (AP) — Small business owners are more undecided about the election than the general public. That's according to a new survey by Goldman Sachs 10,000 Small Businesses Voices. The group surveyed 1,259 small business owners from 47 states, Puerto Rico, Guam and Washington,...
Ten federal agencies receive 'A+' in annual scorecard measuring small business contracting goals
NEW YORK (AP) — Federal grants can be a huge boost for small businesses. And some federal agencies do better at giving grants to small businesses than others. The Small Business Administration released its annual scorecard measuring how well federal agencies meet their small...
Deadline for businesses to apply for their share of massive credit card company settlement looms
NEW YORK (AP) — A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard. The settlement stems from a 2005 lawsuit that alleged merchants paid excessive fees to accept Visa and Mastercard credit...
