The COVID aid cash the federal government made obtainable has actually helped thousands and thousands of small companies. Nonetheless, because the pandemic lingers on small companies particularly need assistance. A brand new bipartisan proposal within the Senate is trying to make one other $68 billion obtainable for companies reminiscent of bars, eating places, and different forms of meals service institutions.
The Senators are proposing to reallocate unused cash approved beneath earlier packages in addition to new spending to fund the invoice. With fears of the Omicron variant rising, the Senators need to stop eating places from closing this winter. Learn extra on the opportunity of new COVID aid cash:
Along with the COVID aid cash, there are various different grants obtainable to small companies throughout the U.S. Check out the next articles to get extra info:
Small Enterprise Information Roundup – January 14, 2022
Listed here are the opposite tales essential to small enterprise homeowners this week:
Nonfungible tokens or NFTs are all the trend within the creator group. Sadly, artists are combating piracy as criminals use their work to create NFTs with out their permission. NFT Artists Scuffling with Piracy Points The piracy difficulty of NFTs is an enormous drawback for artists which have their content material on-line.
As 2021 drew to an in depth, the typical hourly wage at small companies locked in at $30, in line with the Paychex IHS Markit Small Enterprise Employment Watch. The December knowledge exhibits hourly earnings development enhancing to 4.27%, which is the best stage since Paychex started reporting 10 years in the past. Hiring at small companies additionally closed 2021 on an optimistic stat, enhancing 7.
Automobile homeowners have been warned just lately that the current low fuel costs weren’t going to final, they usually might be about to considerably improve. It’s because the decrease demand for gas round this time of 12 months typically lowers the worth on the pump, however such downward developments don’t final.
The Inner Income Service Prison Investigation (IRS-CI) just lately listed the highest ten most outstanding and high-profile circumstances they investigated throughout 2021. The IRS-CI is the legal investigative arm of the IRS who’re liable for conducting investigations into monetary crimes reminiscent of tax fraud, money-laundering and public corruption.
Most Individuals need to assist extra small companies in 2022. This was the discovering of a survey that was commissioned by GoDaddy and carried out by OnePoll. The survey discovered that because the pandemic started, 76% of customers have made an effort to assist native small companies.
Uber and Visa simply introduced a brand new small enterprise grant program to assist unbiased eating places in 10 cities. The Grants for Progress program provides $1 million, distributed in grants of $10,000 to 100 retailers. To qualify, companies should be energetic on Uber Eats as of January 1, 2022.
A brand new partnership between Paychex and HireRight goes to permit small companies to handle office testing of COVID-19. The brand new service will make it potential for Paychex purchasers to order bulk or small batch orders of fast COVID-19 take a look at kits. In response to Paychex, these kits will give companies outcomes inside 15 to half-hour after a take a look at is run.
Inflation has surged in current months. In 2021, the US Shopper Value Index rose to six.8%, its quickest fee since 1982.