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Keyword: smallbusinesses

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  • Have We Reached Peak Entrepreneurship?

    03/07/2017 3:00:34 PM PST · by 2ndDivisionVet · 23 replies
    Real Clear Policy ^ | March 7, 2017 | Julio M. Ottino & Mark P. Mills
    In today’s hyper-partisan era, one goal crosses the political divide: the need for more entrepreneurs. Encomia are everywhere: Politicians praise them, Hollywood lionizes them, venture capitalists chase them, universities foster them. Entrepreneurs, from Henry Ford to Elon Musk, are embedded in American lore. In an earlier era they were popularized in Horatio Alger rags-to-riches terms; today it’s the garage-to-tech-titan stories that have legendary status for Millennials. Could it be, however, that we’ve hit peak preoccupation with entrepreneurship? Although entrepreneurial magic is often discussed in “tech” terms, the reality is most startups involve such things as restaurants and lawn services or...
  • Why the Majority of Small Business Owners Chose Donald Trump

    12/27/2016 3:33:24 PM PST · by 2ndDivisionVet · 17 replies
    The Sonoran News ^ | December 27, 2016 | Frank Costabilo
    WOODBURY, Minn. – As a proud owner of a boutique public relations firm, I , like so many small business owners throughout the United States, had a feeling that the national election results might deviate from the suggested outcome of the aggregate polling data. I have represented a variety of small businesses’ public relations needs for over 20 years and can confidently say I have spoken directly to over 5,000 small business owners nationwide. My specialty is small business; I have not worked for the Fortune 500 crowd or represented their business needs in any way. For those that feed...
  • The number of new businesses in the US is collapsing — and that's disastrous news for the economy

    09/20/2016 7:40:53 PM PDT · by Lorianne · 29 replies
    Business Insider ^ | 16 September 2016 | Bob Bryan
    Possibly the defining business trend coming out of the financial crisis has been a "startup boom." Everyone is building an app or starting their own business it seems. This image, however, may be just an illusion, according to Michelle Meyer, US economist at Bank of America Merrill Lynch. Both the formation of firms (for example, McDonald's as a whole) and establishments (an individual McDonald's restaurant), have dropped off precipitously since the financial crisis and remained low. This is important, according to Meyer, because new businesses typically hire faster and produce higher levels of productivity than firms that have been around...
  • Obama Bashes Whitey in Speech at Entrepreneurship Summit (Video)

    06/24/2016 12:32:48 PM PDT · by Dave346 · 24 replies
    Gateway Pundit ^ | Jun 24th, 2016 2:23 pm | Jim Hoft
    Barack Obama spoke at the 2016 Global Entrepreneurship Summit Friday in Palo Alto, California. This was his first speech after the Brexit vote left another mark on his years of failed leadership at home and abroad. During his speech to young entrepreneurs Obama took a swipe at whitey. Obama: When people can start their own businesses it helps people and families succeed… It offers a positive path for young people seeking to make something of themselves and can empower people who previously have been locked out of the existing social order, women, minorities, others who aren’t part of the old...
  • Under Obamacare, Small Business Owner Could Face Fine Up to $500K

    05/31/2016 8:09:07 AM PDT · by milton23 · 27 replies
    The Daily Signal ^ | 5/30/16 | Melissa Quinn
    When Maryland business owner Thomas Kunkel first learned about the Affordable Care Act, he was excited about the prospect of the new health care law. “From the small business standpoint, it was actually one of the first times I felt like a bit of a social program might actually benefit a small business,” he told The Daily Signal. “Usually it’s the opposite.” Kunkel owns Full House Marketing and Print in Edgewood, Maryland, and employs 21 full-time workers and up to 10 part-time employees. While he doesn’t provide them with health insurance, Kunkel cuts his workers a monthly check through a...
  • Small Businesses Worry About Adjusting for Overtime Rules

    05/20/2016 11:47:20 AM PDT · by reaganaut1 · 9 replies
    New York Times ^ | May 18, 2016 | SARAH MAX
    With a broad new class of workers becoming eligible for overtime, many small businesses are scrambling to figure out how to factor the regulations into their bottom line. The Obama administration on Wednesday announced the final details of new labor rules to increase the salary cutoff for overtime pay. Although the plan was outlined a year ago and employers have several months to comply, many say the change will be a challenge to small businesses that pride themselves on a scrappy, entrepreneurial culture. “We are pretty flexible,” said Kelli Glasser, who is president and chief executive of Exhibit Concepts, a...
  • San Francisco approves fully paid leave for new parents

    04/05/2016 5:54:34 PM PDT · by Olog-hai · 23 replies
    Associated Press ^ | Apr. 5, 2016 8:02 PM EDT | Janie Har
    San Francisco became the first place in the country Tuesday to require businesses to provide fully paid leave for new parents in what was hailed as the latest move to address income inequality in the nation. The measure approved unanimously by the Board of Supervisors will give new mothers and fathers six weeks of fully paid time off, a rarity now offered to some government sector workers and some private employees, particularly those who work in the tech industry. […] The measure requires another formal vote by the board next week as well as approval by Mayor Ed Lee, who...
  • Obamacare Tightens Yoke on Small Business

    01/04/2016 3:17:26 AM PST · by rootin tootin · 14 replies
    American Spectator ^ | 1/4/2016 | David Catron
    One of the worst of Obamacares ill-conceived provisions went quietly into effect on January 1. The employer mandate, previously inflicted only on businesses with 100 or more employees, will now be imposed on those with as few as 50. This mandate will prevent countless small employers from hiring workers they would otherwise have hired and incentivize many others to replace full-time employees with part-timers. It is such an obvious job killer that the Obama administration delayed enforcement until after the 2014 midterms, the liberal Urban Institute has called for its repeal, and it has even been obliquely criticized by Hillary...
  • Starting Wednesday, Obamacare will punish businesses who help employees with health care

    07/04/2015 9:18:19 AM PDT · by afraidfortherepublic · 21 replies
    Watchdog.org ^ | 7-4-15 | Eric Boehm
    Employers who reimburse their workers for health care costs will face massive tax penalties beginning Wednesday. Prior to the passage of the Affordable Care Act, with its mandate that all Americans purchase insurance and requirement for businesses to offer employees insurance plans, many small companies provided coverage by directly reimbursing medical costs or for the cost of private insurance plans. Businesses do it because that’s a less complicated process than dealing with an official health insurance plan, but continuing to do so after July 1 could cost them hundreds of dollars in fines each day. Business groups are calling attention...
  • Oakland mayor urges support for small businesses struggling with new minimum wage

    03/05/2015 9:58:06 AM PST · by E. Pluribus Unum · 37 replies
    Mercury News ^ | 03/05/2015 | Bay City News Service
    OAKLAND - Oakland Mayor Libby Schaaf made a pitch Wednesday morning for the 82 percent of Oakland voters who passed a minimum wage hike in November to support local businesses struggling to adjust to higher costs. "It's time for Oaklanders to put their money where their votes were," Schaaf said at a news conference outside of Farley's East coffee shop on Grand Avenue.
  • IRS: We’re Sorry for Seizing Small Business Bank Accounts

    02/11/2015 5:20:13 PM PST · by Libloather · 41 replies
    PJ Media ^ | 2/11/15 | Liz Sheld
    The IRS has apologized for stealing, or rather seizing, the back accounts of small businesses that did nothing other than deposit an improper amount of cash into their accounts. Pressured by Congress, the IRS has apologized for seizing banks accounts from otherwise law-abiding business owners simply because those owners structured bank transactions to avoid federal reporting requirements. The Associated Press reports “IRS Commissioner John Koskinen told Congress Wednesday that the IRS is changing policies to prevent the seizures, as long as the money came from legal means.” Civil asset forfeiture is a government racket where “suspicious” deposits at one’s banking...
  • Small Businesses Get Sobering Dose Of Reality as Health Insurers Reveal Their Rates For 2015

    10/19/2014 9:30:33 PM PDT · by lowbridge · 11 replies
    ijreview.com ^ | october 19, 2014 | michael hausam
    Although the Obama administration has yet to release the federal health care premiums for 2015, some private insurers have. One of them in Minnesota has indicated that they will be showing increases of up to 60% for their ACA-compliant policies. Preferred One, the largest and lowest-cost provider of health insurance in the state, pulled out of the state’s MNsure exchange last month due to its being “unsustainable.” Alycia Riedl, with the Minnesota Association of Health Underwriters, commented on the news:
  • Small Business Group Says NOT A SINGLE MEMBER Has Seen Health-Care Costs Go Down Under Obamacare

    01/02/2014 3:33:43 PM PST · by 2ndDivisionVet · 12 replies
    Gateway Pundit ^ | January 2, 2014 | Jim Hoft
    In 2011 during his reelection campaign Barack Obama promised Americans who “get their insurance from the workplace” will see $3,000 in savings thanks to Obamacare.(VIDEO-AT-LINK)Not true. The National Federation of Independent Businesses (NFIB), a group representing 11,000 members and small businesses, has not had a single member report health-care savings under Obamacare. The New York Post reported: New York’s small-business owners, seniors and doctors are among the big losers as President Obama’s prescription for health-insurance reform takes effect. The National Federation of Independent Businesses, an organization that represents nearly 11,000 entrepreneurs across the state, says it has yet to find...
  • Critics question IRS initiative targeting small businesses

    Small business owners across the country are receiving letters from the IRS questioning if they are reporting all of their cash income, in a new push by the agency some are saying could unnecessarily create fear in the small business community. The Wall Street Journal reports the initiative is an attempt to respond to what the agency feels is a widespread failure by small businesses to report all their cash sales. The agency says the letters are not the same as an audit, and it is simply seeking more tax information from the businesses. However, some lawmakers and business owners...
  • Uh Oh, Obamacare Math Sinks In for Small Businesses

    04/15/2013 12:42:39 PM PDT · by grundle · 19 replies
    yahoo.com/CNBC ^ | April 15, 2013 | Bertha Coombs
    The 50/30 Rule There's no requirement to provide health care if you employ fewer than 50 people. Shared responsibility requirements kick in if you are a business owner with 50 or more employees who work 30 hours or more per week. Thirty hours is considered full-time. As a business owner, you also face shared responsibility if you employ the equivalent of 50 full-time employees-for example, a combination of 100 part-time employees who work 15 hours a week. To make matters more complicated, right now the rule applies even when those workers are split across multiple businesses. "One of the key...
  • Obama SBA Head Hasn't Heard Of ObamaCare Impacting Small Business

    11/22/2012 3:11:11 PM PST · by Libloather · 35 replies
    Obama SBA Head Hasn't Heard Of ObamaCare Impacting Small BusinessPosted on November 21, 2012 **SNIP** "You know, I travel all around the country, every week I go to a different part of the country. I'm with small businesses. And I'm not hearing that," Mills said about the negative impact ObamaCare has on small business.
  • Small Businesses Grow Wary; See Fewer Hires, Investments

    10/11/2012 7:11:10 AM PDT · by Qbert · 3 replies
    CNBC ^ | 9 Oct 2012 | Reuters
    U.S. small business sentiment weakened in September for the fourth time in five months as fewer owners expected to add staff and make capital investments. The National Federation of Independent Business said on Tuesday its optimism index fell 0.1 point to 92.8 last month. The drop is a sign the U.S. economy is taking a hit from uncertainty over the possibility of tax hikes and government spending cuts next year, said William Dunkelberg, chief economist at the NFIB. "Owners are in maintenance mode — spending only where necessary and not hiring, expanding or ordering more inventories until the future becomes...
  • 60% of firms to kill health insurance or charge more under Obamacare

    09/26/2012 6:49:07 AM PDT · by Qbert · 10 replies
    Washington Examiner ^ | September 25, 2012 | Paul Bedard
    A majority of small business owners and manufacturers are mulling drastic changes to comply with Obamacare, with 21 percent set to drop health insurance to workers altogether and 38 percent planning to make employees pay much more. In a poll done for the National Association of Manufacturers and National Federation of Independent Businesses, 59 percent said that they will have to consider changes once the full law kicks in because increased costs will jeopardize their operations. According to the poll, 67 percent expect Obamacare to raise healthcare costs. The fears about spending more on health care are adding to growing...
  • The Real-World Middle Class Tax Rate: 75%  

    If we include all taxes, the real-world tax rate is much higher than the "official" income tax rate. For those Americans earning between $34,500 and $106,000, the real-world middle class tax burden in high-tax locales is 15% + 25% + 5% + 15% + 15% = 75%. Yes, 75%. Before you start listing the innumerable caveats and quibbles raised by any discussion of taxes, please hear me out first. Let's start by defining "taxes" as any fee that is mandated by law or legal necessity. In other words, taxes are what is not optional. If we include all taxes, the...
  • Obama to Push Extension of Middle Class Tax Cuts

    07/09/2012 6:58:36 AM PDT · by MrChips · 23 replies
    AP ^ | 7/9/12 | Julie Pace
    WASHINGTON (AP) — President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate from the dismal jobs market to assertions that Republican rival Mitt Romney protects the rich. Obama, in an address from the White House later Monday, will call on Congress to pass a one-year extension of tax cuts for households making less than $250,000 a year, said senior campaign adviser Robert Gibbs. The president's appeal to middle-class voters is aimed at drawing a contrast with Romney and congressional Republicans. The House GOP is expected...