Archive | Small Business Tips

More Small Businesses Add Cash-Balance Pensions

More small firms are adding cash-balance pensions as the economy has improved, with a two-fold purpose that benefits employees: rebuilding their battered nest eggs and avoiding higher taxes, The Wall Street Journal reported. It is the prospect of higher taxes that has doctors, lawyers, plumbers and other small business operators favoring these hybrid plans, which … Read More »

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Obama Wants Congress to Help Small Businesses

WASHINGTON — President Barack Obama is again urging Congress to send him a package of tax breaks and other incentives to help small businesses grow and create jobs, reported The Associated Press. The legislation would eliminate capital gains taxes for investments in such companies and encourage people to open businesses by offering tax relief to … Read More »

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Small Firms Chafe At Senate Payroll Tax Proposal

Gabriel Durand-Hollis, owner of a San Antonio, Texas-based architecture and interior design firm, is no John Edwards. But he could nonetheless see his taxes rise as a result of a Senate measure that seeks to crack down on a technique Edwards, a former U.S. Senator from North Carolina, once used to avoid paying hundreds of … Read More »

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Business Owners Finding More Time to Relax

Small-business owners are still workaholics, but they are finding a little more time to relax, according to a new survey reported by AOL Small Business. The May Discover Small Business Watch found that business owners are working less per week than last year, but continue to work more hours and more holidays than the general … Read More »

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Small Businesses Continue Hiring – Slowly

While many entrepreneurs remain cautious and continue to rely on contract workers, small businesses showed a slight increase in hiring in May, according to SurePayroll’s Small Business Scorecard. The average size of small businesses increased in May by 0.3 percent, while salary per paycheck dropped by 0.1 percent, AOL Small Business reported. Average small-business size … Read More »

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Fed: Small Business Credit Card Reform Not Worth Costs

Giving small businesses the same credit card protections that consumers now have is not worth the potentially higher costs and reduced credit, the Federal Reserve Board said in a report reported on by Businessweek. Small businesses typically have higher credit lines than consumers, and it’s harder for banks to evaluate the risk of business borrowers, … Read More »

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