PeopleImages | E+ | Getty Images A tantalizing 20% tax break for business owners went into effect in 2018 — and more than 15 million taxpayers grabbed it. The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act. This new tax break allows owners of “pass-through” entities,
Small Business
The CocoTera Co. In 2013 serial entrepreneur Nate Saal was at a chocolate tasting in Palo Alto, California, when it dawned on him that chocolate — like coffee, the other beloved “bean” from the equator — is something consumers could be making for themselves at home. On the spot, he hatched the idea that would
Lise Gagne | E+ | Getty Images Rajesh Srivastava always loved trading stocks and options. When he found a way to turn that passion into a software that helps traders analyze and respond to the market, he started a one-man business around it in 2015. He eventually left behind his career working for technology firms
designer491 | iStock | Getty Images Employer-sponsored 401(k) plans have become the primary method that Americans use to save and invest for their retirement, but it’s expensive and complicated for companies to provide a 401(k) plan. That makes it difficult for small businesses, in particular, to offer a 401(k) plan. Many ultimately opt not to
Fast food workers and supporters protest to raise the minimum wage for fast food workers to $15 dollars an hour. James Leynse | Corbis Historical | Getty Images For the more than six million small businesses nationwide, employee turnover can be a brutal expense. In fact, nearly one in three (32%) employees will no longer
From the movie “Boss Baby.” Source: DreamWorks Animation According to the International Franchise Association, almost 4% of all small businesses in the U.S. are franchises. It’s an industry that generates more than $ 2.1 trillion and employs 18 million Americans. One of the most appealing reasons to buy a franchise is that you’re buying a
The head of an IT products and services distributor told CNBC on Tuesday that small- and medium-sized businesses have not slowed down investing like larger corporations, and it’s showing up in the company’s results. “Anecdotally, we think SMB is much stronger than large enterprise [now] … and we’re taking advantage of that,” Tech Data CEO
Daymond John Photo by Greg Doherty As the U.S.-China trade war continues to evolve, many small business owners are growing increasingly unsettled by a fickle economy and fearful of what some believe is a looming recession. A recent CNBC|SurveyMonkey Small Business Survey found that confidence among small business owners has dropped to its lowest level
KM4 | Getty Images They brew beer, make musical instruments, publish children’s books and design headphones. Their industries are diverse, but they all have something in common: They represent American small and medium-sized businesses that rely on China either for production or essential equipment. And they are dreading President Donald Trump’s latest round of tariffs
Pro Football Hall of Famer Terrell Davis on Wednesday told CNBC that he uses a hemp extract to cope with pain from his playing days and that the remedy could be used to help other athletes “feel normal again.” The two-time Super Bowl champion and former Denver Broncos running back said on “The Exchange” that
Dennis Jarvis, Spyder Surf CEO and his MAGA surfboard Karen James | CNBC HERMOSA BEACH, Calif. — Inside Dennis Jarvis’ small workshop, the noise is almost deafening as he buffs and smooths the hard styrofoam before him on a recent afternoon. He’s a surfboard maker — or shaper, as they are called in the industry
Beer being poured at Night Shift Brewing. Source: Night Shift Brewing Collin Castore started selling beer out of coolers in parking lots at Grateful Dead concerts. It was the mid-1990s and craft beer was a small niche market. While most people were drinking big labels like Budweiser and Miller, Grateful Dead fans had a taste
Hero Images | Getty Images Got some side income? Run a business? You’re facing a tax deadline today. Individuals who pay the Internal Revenue Service every quarter must make their third payment for 2019 by Sept. 16. The other deadlines for this year are April 15, June 17 and Jan. 15, 2020. Taxpayers hoping to
Employees at Willson Electronics manufacturing facility in St. George, Utah. Source: Wilson Electronics Bruce Lancaster is confident his company can beat any competitor. The problem, he says, is that Wilson Electronics is fighting an uphill battle against several Chinese companies that do not respect intellectual property laws and don’t play by the rules. “These Chinese
Opening a new business takes planning, time, money and passion. PeopleImages | E+ | Getty Images If you’re your own boss, chances are you aren’t doing enough to save for retirement. Just over 1 in 10 of self-employed individuals in a single-person business is currently participating in a workplace retirement plan, according to data from
Democratic presidential hopefuls (fromL) US Senator from New Jersey Cory Booker, US Senator from California Kamala Harris and former Vice President Joe Biden applaud ahead of the second round of the second Democratic primary debate of the 2020 presidential campaign season hosted by CNN at the Fox Theatre in Detroit, Michigan on July 31, 2019.