By James A. Parrott, THE NEW SCHOOL | Editorial credit: JHVEPhoto / shutterstock.com Unemployment insurance (UI) provides bedrock social and economic security for us all. But in New York that foundation is badly fractured. Our State-administered UI funding setup unfairly penalizes small- and medium-sized employers. It pays woefully inadequate benefits to laid-off workers. And it […]
By Greg David, THE CITY On-and-off taxes on imports from China, Mexico and Canada make planning difficult and keep customers cautious about spending, say entrepreneurs. The glass bottles that Annie Bassin uses to bottle her wellness beverage come from China and became 25% more expensive when President Donald Trump imposed a tariff during his first […]
By Selen Ozturk, Ethnic Media Services Since Trump’s termination of federal diversity, equity and inclusion (DEI) initiatives, small businesses nationwide are expected to take a major hit. The executive orders issued during Trump’s first week of office in late January end all federal DEI and affirmative action programs; equity-related grants and contracts; and prior equal […]
By Esther Claudette Gittens Click here to know your rights. President Trump’s executive order to deny work permits to immigrants awaiting legal status decisions has profound implications for the U.S. economy and affected individuals. While the administration aims to prioritize American workers, the policy could exacerbate labor shortages, reduce tax revenue, and strain public assistance […]
By Zach Ahmad , New York Civil Liberties Union | Editorial credit: Ameer Mussard-Afcari / shutterstock.com Trump’s efforts to expel millions of immigrants are a threat to all of us. New York State is home to nearly 700,000 undocumented immigrants. Most of them have lived in New York for more than a decade. They are our […]
U.S Small Business Administration, SBA Press Office | Editorial credit: RossHelen / shutterstock.com More Than a Dozen Private Funds to Invest $2.8 Billion in Over 1,000 Critical Technology Startups and Small Businesses WASHINGTON– Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and Secretary Lloyd J. Austin, head of the U.S. Department Secretary of Defense (DoD) announced 13 […]
By Brian Figeroux, Esq. | Editorial Credit: Zhanna Hapanovich / shutterstock.com To maintain the protection of limited liability, LLC members must follow certain best practices, including keeping personal and business finances separate, maintaining adequate capitalization, operating ethically and lawfully, and avoiding personal guarantees. The Limited Liability Company (LLC) is one of the most popular business […]
Editorial Credit: Yuriy K / shutterstock.com New EY macroeconomic analysis, NFIB survey of small business owners illustrate impacts of potential massive tax hike on small businesses ALBANY, NY (Sept. 20, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released two new, impactful reports regarding the federal 20% Small Business Tax Deduction, which is scheduled […]
Editorial Credit: Vitalii Vodolazskyi / shutterstock.com If you’re a small business owner in New York grappling with insurmountable debt, missed payrolls, or unpaid suppliers, you may be considering bankruptcy as a way to manage your financial crisis. Choosing the right type of bankruptcy—Chapter 13 or Chapter 11—can make all the difference in how effectively you […]