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Businesses disagree on impacts of King Street improvement plan
CHARLESTON, S.C. (WCSC) – The Charleston Metropolis Council’s prepare to improve King Street is now struggling with resistance from compact small business house owners. On Tuesday, city council permitted the initial studying of the King Road Business enterprise Improvement District in an energy to revitalized the professional hub that has quite a few homes now vacant. Joel Sadler is the co-proprietor of Sightsee Store & Espresso, a hole-in-the-wall company commenced correct in advance of the pandemic in September of 2019. Sadler suggests an $11 million investment to lengthen and beautify King Avenue even more up the peninsula would make almost everything in the region extra highly-priced. They say it would…
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Small businesses grappling with Omicron, after two years of closures and restrictions
As the December holidays neared, the Old Triangle alehouses throughout the Maritimes were being bustling with Xmas functions and diners revelling in the festive time. But that electrical power vanished in modern days as the Omicron variant of COVID-19 raged throughout Canada and governments introduced in new limitations limiting the capacity at dining establishments and imposing actual physical length among patrons. “It was really, genuinely, truly depressing,” reported Brendan Doherty, just one of the Outdated Triangle’s entrepreneurs, of the minute he read his business would be matter to new policies. “You will find been a couple darkish moments by the pandemic, and that a single seriously felt like a single…
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Minority-run small businesses in Montgomery Co. get boost at ‘Shop and Drops’
In Montgomery County, Maryland, budding minority-owned enterprises have been provided a improve by governing administration-organized meetups, called Store and Drop’s, at community facilities. Bluffajo Cosmetics was one of quite a few smaller firms showcased on Saturday. WTOP/Dick Uliano Maisie Dunbar of Bluffajo Cosmetics standing in front of their make-up screen. WTOP/Dick Uliano Marcell Brown of Hope Clothing Brand. WTOP/Dick Uliano Hope Clothes Model needed his get the job done to deliver inspiration and positivity. WTOP/Dick Uliano Frankie Alika hopes to broaden her organization and ultimately open up a gallery in Montgomery County. WTOP/Dick Uliano Not far from Brown’s display screen, artist Frankie Alika greeted clients at her desk covered by…
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IRS issues accounting-method change procedures for small businesses
Beneath guidance in Rev. Proc. 2022-9 issued Thursday, taxpayers may perhaps acquire the IRS’s automatic consent to improve their tax accounting techniques to comply with remaining restrictions relating to less complicated tax accounting procedures accessible to lesser firms. Those closing restrictions, issued early in 2021 (T.D. 9942), executed variations designed by the regulation recognised as the Tax Cuts and Employment Act (TCJA), P.L. 115-97, that generally exempt from much more sophisticated demands firms with normal annual gross receipts of no more than $25 million (altered for inflation to $26 million for 2021). The remaining regulations apply to tax several years beginning on or soon after Jan. 5, 2021 (or for…
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NC launches $500M program to help small businesses recover from pandemic :: WRAL.com
By Keely Arthur, WRAL reporter Raleigh, N.C. — North Carolina launched a $500 million program Thursday to help restaurants and other small businesses recover from pandemic-related losses. The North Carolina Business Recovery Grant Program allows business owners who have seen at least a 20 percent decline in revenue to apply for grants equal to 10 percent of their losses, up to $500,000. Because the hospitality industry was hit so hard by closures and other restrictions, $300 million of the fund is earmarked for restaurants, hotels, bars and other entertainment businesses. “North Carolina’s restaurants, hotels and bars saw over $5 billion in losses due to no fault of their own. These…
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Antitrust legislation imperils consumers and small businesses
Throughout 2021, Republicans and Democrats in the House and Senate have proposed numerous pieces of legislation that would alter U.S. antitrust law to punish online marketplaces for allegedly abusing their market dominance. While each piece of legislation has a differing likelihood of passing both chambers, they all ignore the benefits that online marketplaces provide to consumers, small businesses, and third-party sellers. Moreover, while limiting consumers’ online choices, these proposals also ignore how small businesses rely on major online platforms as essential sales channels to compete and reach customers. Congress is currently considering a slew of proposals that, if passed, would rewrite America’s antitrust laws to penalize online marketplaces. Sen. Amy KlobucharAmy KlobucharSunday…
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/cloudfront-us-east-1.images.arcpublishing.com/gray/VVU47XTH4FEFFG2AR3FUNFN4LM.jpg "Businesses disagree on impacts of King Street improvement plan")
