Top Stories
Small businesses prepare for a possible government shutdown
The threat of another government shutdown looms despite the U.S. economy avoiding a massive default crisis over the summer. Federal agencies are anticipated to shut down on September 30 without a funding agreement from Congress. While the Senate is moving forward, far-right House members, including Speaker Kevin McCarthy (R-Calif), threaten to use a government shutdown as a negotiation tactic. Read More
IRS halts Employee Retention Credit processing – What SMBs need to know
The Internal Revenue Service (IRS) is taking aggressive action against erroneous Employee Retention Tax Credit applications. The agency claimed it won’t process any new claims from businesses through at least the end of the year. Congress established the Employee Retention Credit (ERC) in March 2020 as part of the $2.2 trillion coronavirus stimulus package known as the Cares Act—the credit aimed to encourage firms to retain workers in light of the pandemic’s rising unemployment rates. After more than three years, the IRS has received 3.6 million ERC claims, many of which, according to the agency, were initiated by bad actors. Read More
AT&T launches new wireless solution for small business owners
AT&T’s latest innovation, AT&T Internet Air, aims to provide small business owners with continuous and reliable internet connectivity. With the quick advancement of technology, there is a greater need than ever for a smooth online presence. And finding reliable connectivity has been a constant struggle for people living in places with few broadband alternatives. Read More
Mastercard expands its financial and marketing resources to aid SMB growth
Mastercard has expanded its services to small businesses, introducing new tools to assist companies with payments, getting financing, defending themselves against cyber criminals, and more. The labor shortage has made it increasingly harder for many small firms to get the required employees. However, despite being overburdened, companies must evolve to satisfy client needs, such as the capacity for digital interaction and payment processing. With various services targeted towards small businesses, many of which are part of its Mastercard Digital Doors program, Mastercard is attempting to address these difficulties. Read More
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