American small-business confidence slightly climbed to a seven-month high last month, but concerns about inflation remain persistent, according to a recent report. Pessimism over the U.S. economy diminished sharply, while sales expectations improved, but a persistently tight labor market is continuing to concern analysts about future inflation rates. The National Federation of Independent Business (NFIB)…
Small-Business Optimism Rises, but Inflation Concerns Remain Persistent
July 14, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentlabor marketMarketsPolicies & Impactssmall business optimismSmall BusinessesUSUS News
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The Game Is Rigged Against Small Business
Commentary Avery long time ago, in the era of paper tax return forms for state business taxes, I happened to read, perhaps more thoroughly than before, some of the State of Washington tax forms I was filling out for my practice. I’m sure I had read this item more than once, but somehow it reached…
The Desperate Need to Restore Community
Commentary In 2019, I published what many people then told me was my best book: “The Market Loves You.” It was a reflection on C.S. Lewis’s “four loves” in light of commercial society. One of these loves involves friendship, association, and appreciation for another, and the sense of trust that comes from a routine experience of…
How Lockdowns Bolstered an Industrial Cartel
May 30, 2023
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big businesscorporatismfascismindustrial cartelsLudwig ErhardOpinionregulatory stateSmall BusinessesU.S. economyViewpoints
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Commentary Among the many grim memories from the depths of lockdowns were boarded up local shops and long lines outside the big-box stores like WalMart, Kroger, Whole Foods, and Home Depot. For very strange reasons, small business was universally declared to be nonessential whereas the big chains were deemed essential. This amounted to a massive…
Small Businesses Attempt to Hire Layoffs From Big Tech
April 27, 2023
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Big TechBusiness & MarketsCompanieseconomyhiringInvestmentMedia & Big Techpersonal financerecessionSmall BusinessesTechTech NewsUS
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Layoffs at American tech companies have become an opportunity for small businesses, as highly skilled workers look for new work. Small businesses with less than 250 workers employed 58 percent of the total workforce in 2020, according to the U.S. Census. Tech startups have posted far more job offers than Big Tech firms in recent…
America’s Small Businesses Deeply Pessimistic About Economy
April 12, 2023
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Business & MarketsCompaniescredit cruncheconomyinflationInvestmentMarketsrecessionSmall BusinessesU.S. economyUSUS News
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U.S. small-businesses owners are deeply pessimistic about economy, as inflation, higher borrowing rates, and a tight labor market weighed on their outlook last month. The National Federation of Independent Business’s (NFIB) optimism index, in a report on April 11. fell to 90.1 in March from 90.9 in February. This marks the fifteenth consecutive month below the 49-year…
Small Businesses Not Getting What They Were Promised in Aid to Offset Carbon Price
Small businesses in Canada have received less than 10 percent of the financial aid they were promised to help them offset the costs of the national price on carbon emissions. The Liberals promised when their new carbon pricing policy was enacted in 2018 that seven percent of revenues would be returned to the small– and…
Law to Reduce Red Tape on Small Businesses Achieved Little: Federal Report
A law enacted in 2015 to reduce federal red tape imposed on Canadians and small businesses has achieved little, says a report by the Treasury Board of Canada Secretariat. Released in December, the agency’s “Report on the Internal Review of the Red Tape Reduction Act” states that there is a “disconnect” between what the law…
New IRS Requirement Raises Questions About Vow to Expand Audits Only on ‘Rich’
December 28, 2022
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American rescue planbig governmentForm 1099-Ksgovernment spendingincome taxinflationIRSmiddle classOpinionSmall BusinessesSocial SecuritytaxationtaxesViewpoints
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Commentary Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out. Under the American Rescue Plan, third-party payment facilitators like Venmo, eBay, Etsy, and Airbnb are now required to send Form 1099-Ks…
Where Have the Small Businesses Gone?
December 22, 2022
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Business & MarketsBusiness ColumnistsinflationOpinionrecessionSmall BusinessesU.S. economyViewpoints
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Commentary For the last two years in the United States, the number of business formations have fallen by about 3 percent per month. They recovered briefly after the devastation of lockdowns, during which as many as a third of small businesses shut forever, but that recovery has come to an end and we are in…
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