Big news for small businesses: Grants of up to $100,000 are now available to help cover the costs of offering paid time off. Not only will this increase employee satisfaction, it will also help your company stay compliant. This is a groundbreaking initiative that puts employee benefits on par with business growth.
The cost of paid leave has put financial and business strain on many businesses, and in response, California is stepping up these subsidies to help ease the burden on businesses and promote economic stability.
Moving on to another interesting development, the U.S. Small Business Administration (SBA) is allocating a whopping $30 million in grant funding to strengthen Women’s Business Centers (WBCs) across the country, including a new WBC in the U.S. Virgin Islands that will support women entrepreneurs in areas where their needs are underserved.
Taxpayers who missed the April tax deadline should not panic.
California Small Business Closure Assistance Grants
The IRS has several programs in place to help taxpayers reduce their tax burden and penalties, but it's important to act quickly because interest and penalties can add up quickly if you file late.
In recent event news, the National Federation of Independent Business (NFIB) held a convention in Washington, D.C. The gathering provided a forum for small business owners to discuss important issues with lawmakers and fostered valuable dialogue around potential policy changes.
WARNING! There is an ongoing scam targeting small businesses and their customers. Please be especially vigilant online and beware of fake websites and misleading advertisements offering “purchases.”
In other encouraging news, Visa Inc. is bringing back its Visa SavingsEdge program. Designed specifically for small and medium-sized businesses in the U.S. and Canada, the program offers a host of exclusive discounts and rewards aimed at growing your business. What's more, Visa plans to continually improve the program to make it the ultimate financial ally for small businesses.