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Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. A snapshot of business growth by county and industry New County Business Patterns visualization shows where most business activity occurs in the United States and U.S. Island Areas.  Explore a new interactive data visualization that uses the latest data released from the U.S. Census Bureau’s 2022 County Business Patterns (CBP). Trump’s victory:…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The magnificent seven monitor Track the U.S. technology stocks that dominate the market. They’re Wall Street’s big guns. Stocks with so much swagger that they earned a nickname conjured from Hollywood’s golden age. US crypto industry expects friendlier Washington The cryptocurrency industry has spent years clashing with Democratic President…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS unveils new federal income tax brackets for 2025 The IRS on Oct. 22 unveiled the new federal income tax brackets for 2025. Every bracket was changed, including the top one. Large private companies strengthen communities across America Research shows how large private companies create millions of jobs and support…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Will the US economy keep up the pace in the fourth quarter? Economic momentum is projected to slow in the fourth quarter, but economists expect consumers will provide enough power to fuel growth through the year’s end. Boeing workers to vote next week on a new proposal that could…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Boeing says it’s cutting 10% of its workforce, or about 17,000 employees Boeing on Friday said it’s cutting 10% of its workforce, or about 17,000 employees. In a memo on Friday, CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make “tough decisions” to stay competitive. AAA reports…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Disaster assistance for those affected by Hurricane Helene The U.S. Small Business Administration (SBA) offers disaster assistance in the form of low-interest loans to businesses, homeowners, and renters affected by natural disasters. This financial aid is designed to help with repairs and rebuilding efforts, and to cover the loss…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Low weekly US jobless claims, robust corporate profits highlight economy’s resilience The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained fairly healthy. The upbeat outlook on the economy was underscored by other data on Thursday…  Read more

Working hard can only make you more money but does not grow your money or keep it safe. And that’s where investing comes into the picture: it fights inflation, grows money multiple times, and can help secure your future. Here we have curated a list of eight factors that you need to consider before investing: Understand your investment objective This is the first step. Decide what your main investment focus…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. What the Fed’s rate cut means for consumers, businesses and investors The Federal Reserve cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate hikes in roughly a decade. “This will improve the material well-being of all Americans,”…  Read more

In the wake of the pandemic, many small business owners have become increasingly concerned about fraud. According to SAP Concur, a staggering 85% of businesses surveyed expect the risk of fraud to continue even after the pandemic. Making matters worse, many fraudulent acts originate from within businesses themselves. Below you will find some essential internal controls that you can implement to safeguard your business and mitigate the risk of financial…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. All the data is pointing to a soft landing in the US economy The US economy is cruising toward a soft landing with no recession on the table, according to Apollo chief economist Torsten Sløk. Fed expected to cut rates by 25 basis points on Sept. 18, twice more…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Reality check: What’s up with the economy? Most of the economic numbers are actually looking pretty good. Our unemployment rates are near a 50-year low, interest rates have been dropping, and the Federal Reserve says it will drop the prime interest rate even more this month. Wages, disposable income, and…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year The IRS advises taxpayers to conduct a tax checkup before summer’s end to prevent unexpected tax bills and penalties next year. Reviewing withholdings and estimated tax payments can ensure accurate tax returns and avoid…  Read more

If you’re like many business owners, you may find yourself struggling to understand what your finances mean or how you can use your financial information to make decisions for your business. Often we get into business because we love a product or service we want to provide. It’s not as common that we love managing the financial aspects of our business.  As a business owner, you have your best chances…  Read more

What is Payroll? Payroll refers to the process of managing and processing employee compensation, including wages, salaries, bonuses, and deductions. This process includes calculating employee pay, withholding taxes, and other deductions, and ensuring that employees are paid accurately and on time. Preparing for Payroll Before you can start running payroll, there are a few steps you need to take to prepare: Legal and compliance requirements To ensure compliance with federal…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. CPI inflation comes in at 2.9%—better than expectations Inflation was lighter than forecasted last month, according to data released, as Wall Street pays close attention to weakening which should bolster the case for the Federal Reserve to lower interest rates. Rules for buying and selling a home are changing. Here’s…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS relief now available for individuals and businesses impacted by Hurricane Debby The Internal Revenue Service announced tax relief for individuals and businesses in four states affected by Hurricane Debby. SBA Announces $7 Million in PRIME Grants to Support Micro-entrepreneurs The SBA PRIME grants program offers funding to nonprofits…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Mortgage rates tumble to lowest since April 2023 after weak jobs report Mortgage rates tumbled on Friday to their lowest since April 2023 after a weak jobs report sent bond yields sharply lower and boosted Wall Street’s expectations for an interest rate cut from the Federal Reserve at its September meeting.…  Read more

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. In more than 200 U.S. cities, $1 million only gets you a starter home A typical entry-level home in the U.S. costs roughly $200,000. But in a growing number of cities, that would only cover the down payment. With housing in short supply around the country and the stiffest mortgage rates…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economy slowing but not in recession territory The U.S. economy is likely to slow in the coming months but is not flashing recession signals as it enters the critical 100-day period to the November presidential election. IRS finalises 10 year rule for retirement withdrawals The Internal Revenue Service and Treasury Department have…  Read more