As if the impact of the pandemic, high inflation, high interest rates and supply chain shortages weren’t enough of a drag, the Trudeau government has jumped in with a thick new layer of red tape that will hold small businesses back all across the country . Here’s the deal. When businesses across the country set…
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Filing taxes? Small businesses are right to be wary of beefed up IRS
As Tax Day arrives Tuesday, America’s small businesses are worried that their own government will treat them like suspected criminals, even as they hire workers, raise wages and strengthen their communities. The Biden administration and Congress recently gave the IRS nearly $80 billion in additional funding over 10 years. Much of that funding is being…
No more plastic? It’s fantastic, say Peterborough small businesses that have moved on from plastic bags
Shoppers at Cottage Toys in Peterborough haven’t been handed a plastic bag in many years, says employee Megan Meyer, and they never will. Meyer has been working at the store, located on Charlotte Street in the downtown area for two years, but has been shopping there for 30, and for as long as she can…
Small business budget wish list: level the field on credit card fees
Giancarlo Trimarchi is used to his bigger competitors paying less for fruits and vegetables. The owner of Vince’s Market, however, is frustrated that they’re also paying a lower rate for credit card transaction fees. “If I’m buying apples, and I’ve only got to get two cases from you and the big guy’s going to order…
6 Steps for Your Small Business to Avoid a Financial Crisis
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneurs may get a small share of the revenue from the sale from our commerce partners. The Main Street economy is facing some stiff headwinds. The Federal Reserve is expected to keep boosting interest…
Gov’t to start looking for bias in small business lending
Article content NEW YORK (AP) — Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday. Article content It’s a move that policymakers hope will lead to less discrimination and more transparency in the small business lending market,…
Women are changing the tone in Washington: We’re all better for it
“Hey, I’m a governor, too,” she joked. I had struck up a conversation with New York Gov. Kathy Hochul (D) at the annual dinner hosted by the journalistic organization, the Gridiron Club and Foundation, earlier this month, only to be warmly interrupted by Kansas Gov. Laura Kelly (D). Later in March, I had the privilege…
Grants to help spur small business growth on LI
Boosting the sales of small businesses on Long Island, particularly those owned by members of minority groups, is the goal of a $42,500 grant to be used by three business organizations, officials said. The Long Island Community Foundation, a Melville-based nonprofit, awarded the grant to the Long Island Association. The money will be used to…