Run your personal finances like a small business. Here is how to do it.
In a loss for community banks, a bill to extend unlimited FDIC insurance for business bank accounts dies abruptly in the Senate.
If you run a small business or are employed by one, there’s a very good chance you don’t have an employer-sponsored retirement plan.
According to the U.S. Census Bureau, only 29 percent of workers employed by businesses with fewer than 100 employees have access to an employer-sponsored plan. That makes retirement planning tough. By comparison, 81 percent of workers at companies with 100 or more employees have access to employer-sponsored plans.
At a hearing this week held by the U.S. Senate Special Committee on Aging, the General Accounting Office released an analysis that said more owners of small businesses don’t have plans because the plans are expensive and offering them carries with it fiduciary responsibilities that small businesses don’t feel qualified to accept.
According to a very unofficial and unscientific poll on Bankrate’s Facebook page, some of our fans have a New Year’s resolution to launch a side business or freelance to earn extra cash in 2012. Whether your want to win over corporate clients or sell some refurbished furniture on Etsy, you’ll need a marketing strategy so
While many personal account holders may be upset with some members of the banking industry, don’t expect small-business owners to join the protest just yet. The results of the J.D. Power and Associates’ Small-Business Banking Satisfaction Study are in, and overall satisfaction with banks has increased among small-business owners. On a 1,000-point scale, small-business banking customers
While most small business owners are honest citizens doing their best to pay their fair share in taxes, there are a few who try to dupe the system. As a result, the IRS has created a formula called the Discriminate Function that looks for certain tax audit red flags in returns to catch those individuals.
The U.S. Treasury plans to distribute $360 million to economic and business development agencies in 11 states and Washington, D.C., as part of a $1.5 billion federal effort to spur more lending to small businesses. The federal State Small Business Credit Initiative, or SSBCI, program is supposed to generate at least a $10 return of
American Express is helping small businesses “friend” new customers. The company on Tuesday unveiled a program that allows its cardholders to use rewards points to buy ads on Facebook. Any American Express cardholder can redeem points for Facebook ad credits. However, the deal is especially appealing for small businesses because the site can home in
If you can’t find a job, consider creating your own. People ages 55 to 64 accounted for about one-quarter of new entrepreneurs in 2010, according to the Kauffman Index of Entrepreneurial Activity. It’s a trend on the upswing. In 1996 — the first year the Kaufman Foundation did this survey – the over-55 crowd represented
Access to capital in the form of bank loans is crucial to the operation and expansion of many small businesses. While there’s no question that capital has been “crunched” in the Great Recession, the debate over whether small businesses can — or can’t — get bank loans today is apparently still open. The National Small