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“What is one innovative strategy to address mental health in the workplace?” Here’s what YEC community members, founders, and experts had to say: 1. Help Employees Accomplish Their Dreams “One innovative strategy to address mental health in the workplace is to help employees accomplish their dreams. At our company, we implemented a “Dream Wall” where…

Sustainability can be an effective way to make a business stand out in today’s market. While nearly any company can claim to be eco-friendly, green certifications can help businesses actually prove that they’re making positive changes. One such business that recently went through a rigorous certification process is Charlie & Echo, a small winery in…

“Follow your dreams” is a popular piece of advice for new entrepreneurs. But at least one prominent business owner thinks it’s not the best way to operate. Mark Cuban recently appeared on The Journal, of WSJ podcasts, where he discussed advice for other entrepreneurs, among other topics. One piece of advice he shared was, “Be…

“What’s one thing you do to maximize a 30+ minute commute to work? How does this commute activity help prepare you for the day ahead, or decompress you from the work day?” Here’s what YEC community members had to say: 1. Prepare a To-Do List “I prepare my to-do list while commuting to work. This…

For years, independent pharmacies have struggled to compete with large chains. But now, a series of closures in some areas are opening up new opportunities for small businesses to thrive in this space again. For example, Rite Aid announced the closure of most of its locations in Michigan and Ohio last month, as part of…

Many small businesses are struggling right now. But it’s those with the fewest employees that are struggling the most. This realization comes from the Federal Reserve’s Small Business Credit Survey, which found that businesses with between one and four employees have seen larger declines in revenue than their larger counterparts. Specifically, about 40 percent of…

The Internal Revenue Service (IRS) has issued a reminder to taxpayers that marijuana remains classified as a Schedule I controlled substance under federal law. Consequently, businesses involved in the marijuana trade are subject to the limitations of Internal Revenue Code Section 280E. This reminder comes in light of ongoing confusion and attempts by some taxpayers…

The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations that provide guidance for taxpayers and tax professionals on reporting and paying the 1 percent excise tax on corporate stock repurchases. This new regulation looks to streamline the process for corporations and ensure compliance with the tax obligations imposed by…

The U.S. Treasury Department and the IRS have issued final regulations requiring brokers to report digital asset sales and exchanges. This regulation helps taxpayers file accurate tax returns for these transactions, which are already taxed under current law. Over 44,000 public comments influenced the regulations, which will take effect in 2025. Brokers will need to…

Visa has announced a new collaboration with Amazon, offering Canadian consumers more choices at checkout. Eligible RBC and Scotiabank credit cardholders shopping on Amazon.ca or the Amazon app can now select Installments enabled by Visa for qualifying purchases. This option allows consumers to convert purchases into smaller, fixed payments over a defined period, providing greater…

Crimes like vandalism can be devastating to a small business owner – especially when they seem to happen on an ongoing basis. That’s why one Chicago business owners is speaking out and trying to draw attention to the vandalism her business has faced. Whitney Cumbo is the owner of Prima, a beauty supply store in…