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California’s restaurant scene is bracing for another financial hit this summer when a new law is set to shake up menu prices.  Fox Business reports that following the recent increase in the state’s minimum wage to $20, fast-food chains have already adjusted their pricing. Now, with a new law targeting “junk fees” slated to take effect…

For many businesses that struggled during the COVID-19 pandemic, Small Business Administration loans provided an essential lifeline. But now, thousands of businesses that accepted these loans have defaulted. And they owe a total of $59 billion in late fees, according to a recent report from the Wall Street Journal. During the pandemic, the SBA loaned…

The U.S. Department of Labor rolled back a Trump-era rule that lets self-employed individuals and small businesses purchase cheaper association health plans. The plans did not fully comply with Affordable Care Act requirements. Small business owners and entrepreneurs benefiting from cheaper association health plans will soon lose their more affordable options. As reported by Bloomberg,…

A Chicago-area tax preparer has been sentenced to one year and one day in prison for preparing and filing over 900 false income tax returns. The Internal Revenue Service (IRS) said this has resulted in a loss of $1.3 million. Vervia Watts, a resident of Lansing, Illinois, operated a tax preparation business in Illinois and…

Business leaders want a Trump-era tax cut benefitting small businesses to become permanent. The cut sunsets in 2025 unless Congress votes to extend it. However, President Joe Biden vows he will veto such legislation if it ever comes to him for signature. “Now, President Biden’s Budget will cut taxes for working families and lower deficits…

We’re living in frenetic times. Amid all the busyness and the FOMO, you may also feel directionless and overwhelmed. Maybe you know there’s more to life, but you have no idea what that “more” is. Maybe you sense there’s a message you need to hear, but the noise of everyday life is drowning it out.…

Combining public and private grants can provide a powerful boost to small businesses, enhancing their access to a wider range of resources. Public grants often offer foundational financial support, while private grants can deliver specialized assistance such as technology enhancements, expert consultancy, and growth capital for scaling operations. Together, these grants allow businesses to leverage…

“What’s the shrewdest, smartest maneuver you’ve ever seen in business?” Here’s what YEC community members had to say: 1. Slack’s Pivot From Gaming “There are plenty of smart maneuvers in business. One that sticks out to me is the origin of Slack. The company was originally called Tiny Speck, and its goal was to develop…

Amazon is adding a new location to its drone delivery service. The Amazon Drone Delivery Program will be based in Tolleson, Arizona. Packages will be delivered to West Valley customers in less than an hour using the super-fast delivery option. The drone program started in 2022 in College Station, Texas, and Lockeford, California. It has…

Businesses throughout the Los Angeles area rely on the entertainment industry for various functions. So when two major industry unions struck last year, many small businesses felt the effects. Now, a new grant program aims to support those businesses and any that were negatively affected by COVID. Read about this new opportunity and other small…