Small Business

Cecilie Arcurs | Getty Images A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT. A controversial part of Republicans’ 2017 tax overhaul, the SALT write-off cap is costly for filers who itemize deductions and can’t claim more than
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Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021. Greg Nash | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., on Tuesday released a bill to overhaul a controversial deduction for certain businesses, which was part of Republicans 2017
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A store advertises for employees, after coronavirus disease (COVID-19) restrictions were lifted, in Santa Monica, California, June 22, 2021. Lucy Nicholson | Reuters Small businesses across the country are struggling to keep employees and attract new staff in a tight labor market which has given workers the upper hand. The latest nonfarm payroll report on
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People walk outside “Hamilton” at Richard Rodgers Theatre in Times Square on May 12, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Broadway hit “Hamilton” could receive as much as $50 million from the Shuttered Venue Operators Grant program, a $16 billion federal aid program that provides pandemic relief
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The Anthem music venue in Washington, D.C. pleading with the Small Business Administration to release aid for shuttered independent venues. CNBC The Small Business Administration plans to process most of the aid applications from its Shutter Venue Operators Grant (SVOG) program by early July, Sen. Bill Hagerty, R-Tenn., said Wednesday. More than 14,000 small businesses
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It may seem counterintuitive to haggle over salary with a potential employer, but that is exactly what companies are expecting. Many hiring managers will give you a salary offer below their budget, because they are anticipating you will counter with a higher number, according to Tori Dunlap, founder of the woman-focused financial education company Her
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Hollie Adams/Bloomberg via Getty Images President Joe Biden has consistently pledged not to raise taxes on households making less than $400,000 a year. Whether his tax proposal keeps or breaks that promise depends on one’s frame of reference. Primarily, it’s a question of how an observer considers a taxpayer earning less than $400,000 who has
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