Blog

Are you looking for timely and easy to consume resources? Small business owners can find blogs about key strategies and resources to help grow your small business, increase financial literacy and employee retention, tax responsibilities and more.
Wednesday, May 22, 2024 | Workforce Issues

The U.S. Department of Labor (DOL por sus siglas en Inglés) recently announced a new final rule, which revises and updates the Fair Labor Standards Act (FLSA). The final rule raises the minimum salary for most workers exempt from overtime pay, altering how and when businesses must compensate employees for working overtime. Previously, salaried workers in certain executive, administrative and professional roles earning less $35,568 annually were generally exempt from overtime pay.

Wednesday, May 1, 2024 | Business assistance, COVID-19

The Verizon Small Business Digital Ready (VSBDR) program is here to provide support for small businesses looking to stay competitive in the new digital economy, including through a new grant program available through June 28, 2024.

Tuesday, April 30, 2024 | Access to Capital

To ensure entrepreneurs can take advantage of resources and funding available to them, we’ve compiled a list of new grant and loan programs available to small business owners during National Asian American & Pacific Islander Heritage Month in May and beyond. Discover these resources below.

Wednesday, March 6, 2024 | General Small Business, Marketing and research

With Artificial intelligence (AI) rapidly evolving and taking the world by storm, small businesses need to stay ahead of the curve. For entrepreneurs, leveraging the nascent AI tools can help streamline their operations, improve efficiency, and stay competitive in the business landscape.

This blog dives into 5 key AI tips and tricks that entrepreneurs can readily integrate into their business decision making. But first,

Get to know the big AI chatbot players

Friday, February 2, 2024 | Access to Capital

February isn’t just about celebrating Black history–it’s about honoring the past, the present and investing in the future. Throughout this month, business and community organizations recognize the significant contributions of Black communities and their immense power in business. This is why we’ve compiled a select list of grant programs that small business owners can take advantage of during Black History Month and beyond.

Wednesday, January 3, 2024 | Legal licensing and permitting

Starting January 1, 2024, some small businesses in the United States will be required to file a Beneficial Ownership Information (BOI) Report with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). This new reporting requirement is part of the Corporate Transparency Act (CTA), a law designed to help prevent and combat money laundering, tax fraud and other financial crimes.

Keep reading to get your key questions answered to help you navigate BOI reporting.

Tuesday, December 5, 2023 | Mentoring and networking

Mentors can play a crucial role in the trajectory of a small business through guidance, support and encouragement. Mentors are often industry experts or business professionals who share their insights and knowledge of the industry to help entrepreneurs navigate the ever-changing challenges of business ownership to make more informed decisions.

Tuesday, November 14, 2023 | Healthcare

The annual open enrollment period began on November 1, 2023 and ends on January 15, 2024 for small business owners and self-employed individuals who access health insurance through the individual marketplace. Entrepreneurs and small business employees can make changes to their healthcare plans, re-enroll or renew their plans. Below are some key tips and best practices to keep in mind during open enrollment.

Thursday, October 5, 2023 | Business assistance

Today, an estimated 13 million businesses are led by women entrepreneurs in the United States, accounting for about 43% of all businesses. Unlocking their earning potential through entrepreneurship is a great pathway to achieving gender parity and building economic independence and generational wealth.

Wednesday, October 4, 2023 | COVID-19, Taxes, Workforce Issues

NOTE: The Internal Revenue Service (IRS) has placed a moratorium on new Employee Retention Tax Credit applications through the end of the year. The halt to this program comes amid a surge in fraudulent claims and aggressive marketing practices to ineligible applicants. The agency is expected to put in place more safeguards for small business owners to protect them from unscrupulous entities.

The federal government created the Employee Retention Credit (ERC) in response to the detrimental effects of the COVID-19 pandemic on small businesses. As part of the CARES Act, the ERC offers ta...