“About 40% of U.S. small businesses intend to raise selling prices by 10% or more amid decades-high inflation, according to a survey from the National Federation of Independent Business. Overall, more than two-thirds of the respondents plan to increase prices in the next three months, according to the survey, conducted between April 14 and April 17 among 540 business owners. Almost half of the small firms are planning increases of 4% to 9%.”
Category: News
Two 401(k) Plan Treats That Are Better Together
“Two features that have become commonplace in 401(k) plans are automatic enrollment and Roth contributions. So many companies have both features in their plans; however, they are almost never used as a package deal.”
Use the “Great Resignation” to Strengthen Your 401(k) Practice
“The “Big Quit.” The “Great Resignation.” The “Great Reshuffle.” Whatever you call it, American workers are walking away from their jobs in record numbers. According to the U.S. Department of Labor, roughly 47 million Americans quit their jobs in 2021, and the trend isn’t slowing down.”
Report: Texas, Florida best states for business; California worst
“Texas and Florida are the best states for business again, according to this year’s annual ranking published by Chief Executive Magazine. California remains the worst. In its “Best & Worst States for Business Survey of CEOs,” the magazine published the findings of its annual survey of nearly 700 CEOs, company presidents, and business owners in every state.”
3 Social Security Strategies to Bankroll Your Retirement
“It’s best, then, to aim for the fattest Social Security checks you can, to boost your financial security in retirement. For context, know that the average monthly retirement benefit check was recently $1,665 — or about $20,000 annually. How might you do better than that? Here are three effective strategies.”
The IRS Should Be Encouraging Staking Activity in the U.S.
“The IRS has failed to provide taxpayers with clarity about the correct tax treatment of various crypto-related transactions, notably for those who earn token rewards from staking on proof of stake blockchains. Stephen Turanchik of Paul Hastings says it’s time for the U.S. to treat proof of stake fairly for the sake of American innovation.”
3 Surprising Ways Your Income Affects Your Social Security Checks
“Social Security is a valuable source of retirement income, but its value is more dependent upon your other income sources than many realize. How much you earn throughout your working years and in retirement affects how much you get from the program.”
United States: A Pocket Guide to The 2023 Budget Proposals
“On March 28, 2022, the Biden Administration released its budget proposal for Fiscal Year 2023 (the Budget). We summarize below the tax aspects of the Budget of particular interests to U.S. corporate taxpayers, financial institutions, investment funds, and their investors.”
Average cost of starting a small business
April 11, 2022: “Starting a business and being your own boss is a dream many Americans chase after. But while dreaming of starting a business is free, actually starting a business and getting it off the ground takes time and money. While your initial startup costs will depend on the kind of business and industry you’re getting into, there are many expenses you and your budget will need to account for.”
More than Half of Small Businesses Plan to Hire New Employees in 2022, New Study Finds
WASHINGTON, April 13, 2022 /PRNewswire: “The Manifest, a Washington DC-based business resource platform, surveyed 1,003 small business owners and managers and found that 55% of small businesses are planning to add more employees to their team in 2022. Social media platforms such as LinkedIn are playing a huge role in helping small businesses (60%) find credible candidates. However, a clear majority of the owners and managers (83%) admitted that they’re having difficulties with their recruitment and sourcing efforts.”