Small Business

Getty Images Tax season is swiftly approaching, and after the roller coaster of 2020, this might be the year to get extra help filing your return. The coronavirus pandemic saw many changes to the tax code that could impact filers who generally would have had a straightforward return, potentially complicating your return. “For the average

Charday Penn | E+ | Getty Images Small-business owners and side-gig hustlers are facing a major tax deadline. Filers who pay estimated taxes every quarter, including independent contractors and partners in business entities, owe their final payment of 2020 on Jan. 15. Generally, the other deadlines for quarterly taxpayers are April 15, June 15, and

Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is starting a $100 million fund aimed at investing in community development projects and small businesses in areas populated by Black, Indigenous and people of color. The company’s Community Resilience Fund is part of a broader plan to step up its commitment to racial and social

Marc Romanelli | Tetra images | Getty Images The Covid-19 crisis has hit Latino small businesses particularly hard, including not being able to access PPP funding at a similar rate to other business owners. And many individual proprietors or small, family-owned businesses may feel the impact of Covid more directly, as the pandemic has disproportionately

Manager Pat Ryan stands at the counter at the Pig Pit BBQ in Cohoes, NY on December 09, 2020. The pandemic crushed businesses on Boston’s Water Street. Craig F. Walker | Boston Globe | Getty Images With the renewed Paycheck Protection Program launch imminent, small business owners and advocates are eagerly awaiting access to much-needed

Jovita Carranza, administrator of the U.S. Small Business Administration, speaks as Steven Mnuchin, U.S. Treasury secretary, listens at a House Small Business Committee hearing in Washington, D.C. Erin Scott | Getty Images The Paycheck Protection Program will reopen on Jan. 11, offering forgivable loans to small businesses and allowing certain cash-strapped firms to borrow a

A baker places long molds of freshly kneaded sourdough dough onto racks for baking inside of Reineckers Bakery in Macedonia, Ohio, Oct. 7, 2020. Ty Wright | Bloomberg | Getty Images Small businesses hit by the pandemic recently got some good news – the $900 billion relief act signed into law by President Donald Trump

Letizia Le Fur | ONOKY | Getty Images While the federal Covid relief bill addresses a key concern for small businesses with forgivable loans, these firms could still face a tax hit — this time on their state returns. In addition to pledging stimulus checks to American households and providing a $300 boost to unemployment

CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Janelle Finch is a senior at the University of Missouri in Columbia, majoring in journalism with an emphasis in TV/radio reporting and

A man wearing a face mask rides a bicycle, as the country is hit by an outbreak of the novel coronavirus, in Beijing, China February 12, 2020. Carlos Garcia | Reuters BEIJING — China is extending support measures for the country’s smallest businesses, a signal that full economic recovery from the shock of the coronavirus

House Speaker Nancy Pelosi, D-Calif., leaves a meeting on Capitol Hill on Dec. 18, 2020. Saul Loeb | AFP | Getty Images Lawmakers extended an additional lifeline to small businesses in the next round of Covid stimulus: more forgivable loans and the ability to take a tax write-off for covered expenses. Members of Congress reached

Juanmonino | E+ | Getty Images Congress wants business owners to head out to restaurants and claim a full tax deduction for doing so. Whether it will be enough to save embattled dining establishments is another story, financial advisors and tax professionals said. The $900 billion proposal, which was released on Monday and weighs in

Jamie Grill | Blend Images | Getty Images 46,000 plans Though the overall share of firms that made changes is relatively small, it amounts to tens of thousands of 401(k) plans that have reduced the benefit for employees, according to Will Hansen, the group’s executive director. There are about 572,000 401(k) plans in the U.S.,

Robert Johnson, founder of Black Entertainment Television, told CNBC on Thursday that he hopes the Republican party keeps control of the U.S. Senate in order to provide a counterbalance to proposals from Democrats. “I think balanced government, where each party has a chance to put in their best ideas and propose their best solutions is

Pivotal Advisors founder Tiffany McGhee told CNBC on Tuesday that increasing opportunities for diverse businesses starts by recognizing historic barriers that had been in place, especially in the financial services industry. “If you’re interested in working with a diverse-owned firm, the traditional metrics might not work. We might not have a 50-year track record,” McGhee

CNBC’s Jim Cramer on Tuesday urged Congress to move quickly and pass another piece of coronavirus stimulus legislation, suggesting key parts of the U.S. economy need help being sustained until there is a widely available Covid-19 vaccine. “We are so close to getting this economy back on track, but these places that close, they can’t

Sen. Mitt Romney, R-Utah, told CNBC that he is “not surprised” upon hearing news of Attorney General William Barr’s resignation from the Justice Department.  “It was clear that being part of the [Trump] administration was a challenging responsibility for him, to say the least,” Romney said. “I’m not surprised that he could no longer associate

CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Danial Khan is a student from UC Berkeley studying electrical engineering & computer science as well as industrial engineering & operations research.

Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to

Latino business owners operate in sectors hit hard by Covid-19 and are less likely to receive PPP loans than White entrepreneurs, but Hispanic business formation and revenue was growing before the pandemic and can recover with the right public policy and financial support. Getty Images Often hailed for higher-than-average rates of entrepreneurialism and new business