Liberal Facebook group that created blacklist of ‘MAGA supporting’ businesses in NJ shuts down after backlash
A liberal Facebook group that encouraged boycotts of New Jersey businesses, whose owners were believed to have supported President-elect Donald Trump, has shut down after intense backlash from the community. The now-shuttered group, called Indivisible Blue Two Rivers, has created a blacklist of restaurants, delis, liquor stores, children's centers and more in Monmouth County, and […]
Millions of small businesses risk ruin over a new mandate
Millions of small business owners, including owners of LLCs and S corporations, face imminent financial penalties and even prison time due to the Corporate Transparency Act's Beneficiary Information Rule, also known as CTA BOI. . With the January 1st deadline approaching, Congress needs to act now by passing one of the proposed delayed bills or […]
California Businesses, Households on the Hook for State’s Default on COVID Loan
The reality is that California businesses and households paying payroll taxes on domestic employees will have to pay the price as the state defaulted on a $20 billion federal loan to cover coronavirus-era shortfalls. I'm starting to wake up. The issue came to light this week when restaurateur Andrew Gruel posted on social media about […]
The IRS refuses COVID claims, leaving small businesses in limbo
COVID-19 has hit many small businesses in America hard, and Virginia's 5th District was no exception. During the COVID-19 pandemic, Congress passed the following legislation: Employee Retention Tax Credit (ERTC) It provided tax incentives for businesses to keep employees on payroll while the economy was decimated by unnecessary government-imposed lockdowns. The goal of the ERTC […]
Small businesses urge on tax deductions after GOP wins
Small business owners could face a major tax increase at the end of 2025, and are seeking tax relief from the newly elected Congress and government. As part of the Tax Cuts and Jobs Act (TCJA) of 2017, small business owners were allowed to deduct up to 20% of their income to cover costs. The […]
Businesses Employing Illegal Aliens Brace for Fierce Worksite Enforcement Under Second Trump Administration
Companies with undocumented alien employees prepare for second Trump administration and Immigration and Customs Enforcement, a division of the Department of Homeland Security (DHS) dismantled by President Joe Biden and Vice President Kamala Harris. (ICE) is expected to crack down on workplaces. “While much of the incoming administration's policy agenda for the immigrant workforce remains […]
Fed’s Kashkari warns mass deportations could disrupt labor at some businesses
Former Acting ICE Director Tom Homan and Key Square Capital Management CEO Scott Bessent spoke about President-elect Trump's plans to tackle immigration and the economy. mass deportation Minneapolis Fed President Neel Kashkari said Sunday that an increase in the number of illegal immigrants working in the U.S. could disrupt the labor supply for some companies, […]
AmEx, US Chamber of Commerce Foundation team up on grants for Helene, Milton-hit small businesses
Reese May, SBP's chief strategy and innovation officer, will explain how disaster relief organizations, federal agencies, and volunteers can build a “more resilient future” for Gulf Coast communities. American Express and the U.S. Chamber of Commerce Foundation are partnering to provide funding to small businesses recovering from Hurricanes Helen and Milton. The Small Business Hurricane […]
What a Trump win could mean for Elon Musk's businesses
Elon Musk is wearing multiple hats this election season, raising questions about how his dual role as a tech leader and former President Trump's spokesperson could lead to conflicts of interest. There is. Musk, the owner of Tesla and SpaceX, has government contracts worth billions of dollars with more than a dozen federal agencies. The […]
HSBC divides into four businesses in major overhaul of operations | HSBC
HSBC's new CEO, Georges Erhedery, has split the bank into four businesses and created a new geographic divide that divides operations into east and west, in a bid to cut costs and deal with rising geopolitical tensions. announced a review of banks introducing the system. The bank also announced the promotion of Chief Risk and […]