Significant announcements from key technology and service providers for small businesses have emerged over the past week, driving interest and potential changes in the industry.
Small Business News Roundup
Hawaii’s SBA Recovery Centers Continue Support for Wildfire Victims
The U.S. Small Business Administration (SBA) has confirmed that its recovery centers in Hawaii will remain operational to assist individuals and businesses impacted by recent wildfires and high winds. These centers offer vital specialized support tailored to meet the community’s long-term recovery needs.
Nominations Open for 2025 National Small Business Week Awards
The SBA has launched the nomination process for the 2025 National Small Business Week (NSBW) Awards, celebrating 60 years of recognizing the remarkable achievements and resilience of small businesses and the individuals who benefit from SBA assistance.
Entrepreneurs’ Guide to Managing Panic Attacks
Panic attacks are a common challenge for small business owners due to the inherent pressures of entrepreneurship. Solutions for managing these moments will be explored this week, focusing on practical strategies and support systems.
HP Launches New Custom Gaming Solutions at Gamescom 2024
HP Inc. has unveiled an exciting range of customizable gaming products under its OMEN and HyperX brands at Gamescom 2024, setting new standards in performance and personalization for gaming hardware.
Apple Introduces NFC In-App Transaction Capabilities with iOS 18.1
Apple has announced the addition of NFC contactless transaction capabilities for developers in the upcoming iOS 18.1 release, enabling seamless transactions within apps, independent of Apple Pay and Apple Wallet.
IRS Issues New Guidance on Matching Contributions for Student Loans
The Internal Revenue Service (IRS) has released interim guidance for sponsors of retirement plans, detailing how matching contributions can be based on eligible student loan payments made by participating employees. This new directive is part of ongoing efforts to support financial wellness and retirement savings.
Meta Introduces Enhanced Features on Threads for Creators and Businesses
Meta has rolled out a series of new features on Threads, aimed at enriching the experience for creators and businesses. These updates, including insights and scheduling, are designed to streamline content management and foster audience engagement.
IRS Reopens Voluntary Disclosure Program for ERC Claims
The IRS has reopened its Voluntary Disclosure Program (VDP), allowing businesses to amend incorrect Employee Retention Credit (ERC) claims. This initiative provides a pathway for businesses to rectify errors while minimizing audit risks and penalties.
Low-Income Microentrepreneurs Receive $7 Million in Grants
Entrepreneurial potential is not dictated by income level. Many successful businesses originate from the determination to overcome economic challenges, as highlighted by recent grant initiatives supporting low-income microentrepreneurs.
Upcoming Tax Deadline for Truckers and Bus Operators
The IRS is reminding truck operators and large bus drivers that the filing deadline for Form 2290, the Heavy Highway Vehicle Use Tax Return, is approaching on Tuesday, September 3, 2024, following an extension from the usual August 31 deadline.
Mastercard Expands Open Banking for Lending Program
Mastercard has enhanced its Open Banking for Lending program to make the lending process more accessible. In partnership with Argyle, this initiative introduces features for income and employment verification for a significant portion of the U.S. population.
Michigan Company Facing $6.5 Million Fine for Bid Rigging
Asphalt Specialists LLC, based in Pontiac, Michigan, has been ordered to pay a $6.5 million fine following its guilty plea for participating in bid rigging related to state asphalt contracts. The ruling underscores the importance of integrity in business practices.
Ford and Mazda Urge “Do Not Drive” Advisory for Recalled Vehicles
Ford Motor Co. and Mazda North American Operations have issued urgent warnings for over 457,000 vehicles with unrepaired, recalled Takata air bags. Owners are advised against driving these vehicles until the necessary repairs are completed at no charge.
