Kapitus is excited to announce the finalists for its inaugural, $250,000 Building Resilient Businesses contest after weeks of painstakingly judging over 300 video submissions. The contest was launched this summer as a way for Kapitus to give back to the small business community, which represents the backbone of America’s economy and personifies the American Dream […]
Small businesses, facing a markedly different world than the one they faced at the height of the COVID-19 pandemic, are getting hammered by rising rents and demands for back rent payments. Rising inflation, employee shortages, rent increases and federal pandemic relief funding running dry have all contributed to 40% of small businesses in the US […]
If your business needs to have fast access to cash, having a business line of credit (BLOC) in place can be invaluable. Before you apply for one, however, one of the first questions you need to ask is whether a secured or unsecured business line of credit is for you. Both options come with pros […]
More bad news for small business owners – for the fifth time since March, the Federal Reserve Board has hiked the overnight rate, this time by 75 basis points (0.75%) as part of a year-long effort to tame inflation. The latest hike will further drive up the cost of capital on most loan products, especially […]
Thousands of small businesses are checking to see if they are still eligible for the popular Employee Retention Tax Credit (ERTC). While the sun set for the ERTC in September 2021, there is still a chance to retroactively claim that tax credit in 2022, albeit through a somewhat lengthy tax filing process. If your small […]
Offering employee perks may be the best way to overcome the continuing worker shortage that small business owners are still feeling the brunt of, as increased demand for higher wages and competition with larger competitors that can afford to pay workers more continues. Roughly 47% of small business owners cited labor shortages as their biggest […]
It seems that small business owners are always at work, even during three-day weekends. While Labor Day weekend typically means one last trip to the beach or dip in the pool to mark the end of the summer season, it means something quite different for small business owners. Although the weekend is meant to commemorate […]
Overpaying on your taxes or getting audited by the IRS aren’t fun prospects for you or your small business, but those are two scenarios you could face if you don’t have the discipline to separate your business and personal expenses. While separating these expenses sounds easy enough, it can get complicated, especially if you operate […]
Are we in a recession? As far as economists are concerned, we are, as the US has now experienced two consecutive quarters of negative Real GDP growth – the typical measuring stick of a recession. As far as economic downturns go, however, small business owners shouldn’t go into full panic mode just yet, as this […]
In July 2012, Colorado-based Masterpiece Bake Shop came under heavy criticism because the owner refused to bake a wedding cake for a same-sex marriage due to the owner’s religious beliefs. The bakery was sued by the Colorado Civil Rights Commission, and while the US Supreme Court ultimately ruled in favor of the shop’s owner, the […]
