Tag #Small Businesses

Showing 25 to 28 of 28 results

themarker.com

🌐 85% Global Worthiness

Jan 2, 16:13

TikTok Ban Threatens $1 Billion in Monthly Losses for US Small Businesses

The US Congress's mandate to ban TikTok by January 19th due to national security concerns threatens to cost small businesses $1 billion monthly, as many rely on the platform for customer acquisition; the incoming president has requested a stay on the ban.

TikTok Ban Threatens $1 Billion in Monthly Losses for US Small Businesses

The US Congress's mandate to ban TikTok by January 19th due to national security concerns threatens to cost small businesses $1 billion monthly, as many rely on the platform for customer acquisition; the incoming president has requested a stay on the ban.

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60% Bias Score

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Decent Work and Economic Growth

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What is the immediate economic impact on small US businesses if TikTok is banned?

Small businesses in the US fear a potential TikTok ban in less than three weeks, impacting their customer reach. TikTok estimates a $1 billion monthly loss for small businesses if banned. Desiree Hill, a Georgia auto mechanic, reports gaining 2-3 new clients daily through TikTok.

forbes.com

🌐 85% Global Worthiness

Dec 24, 01:07

Fifth Circuit Reinstates Corporate Transparency Act Reporting Requirements

A federal appeals court overturned a lower court's injunction, reinstating the requirement for most businesses to file Beneficial Ownership Reports (BOI) under the Corporate Transparency Act (CTA) by January 1, 2025, creating immediate compliance challenges.

Fifth Circuit Reinstates Corporate Transparency Act Reporting Requirements

A federal appeals court overturned a lower court's injunction, reinstating the requirement for most businesses to file Beneficial Ownership Reports (BOI) under the Corporate Transparency Act (CTA) by January 1, 2025, creating immediate compliance challenges.

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Peace, Justice, and Strong Institutions

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What is the immediate impact of the Fifth Circuit's decision on businesses subject to the Corporate Transparency Act?

The Fifth Circuit Court of Appeals overturned a Texas judge's injunction blocking the Corporate Transparency Act (CTA), requiring businesses to file Beneficial Ownership Reports (BOI) by the January 1, 2025 deadline unless exempt. This decision reverses a previous ruling that granted a nationwide preliminary injunction, leaving businesses with little time to comply.

cnbc.com

🌐 75% Global Worthiness

Dec 26, 22:10

Treasury Delays Deadline for Beneficial Ownership Reporting to January 2025

The U.S. Treasury delayed the deadline for millions of small businesses to file a Beneficial Ownership Information report to January 13, 2025, due to legal challenges; about 30% of the estimated 32.6 million eligible businesses had filed by December 1, 2024.

Treasury Delays Deadline for Beneficial Ownership Reporting to January 2025

The U.S. Treasury delayed the deadline for millions of small businesses to file a Beneficial Ownership Information report to January 13, 2025, due to legal challenges; about 30% of the estimated 32.6 million eligible businesses had filed by December 1, 2024.

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Reduced Inequality

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What are the underlying causes of the low BOI reporting compliance rate?

This delay follows a temporary injunction blocking enforcement, later reversed. As of December 1, only about 9.5 million of an estimated 32.6 million businesses had filed, suggesting widespread unawareness of the requirement. The ongoing legal challenges could significantly impact future compliance.

theguardian.com

🌐 85% Global Worthiness

Dec 18, 16:15

Brexit's Two-Year Trade Impact: Smaller Firms Hit Hardest

Brexit cost the UK £27 billion in reduced trade with the EU in two years, less than initially predicted; large firms adapted, but over 14,000 smaller businesses stopped trading with the EU due to new barriers.

Brexit's Two-Year Trade Impact: Smaller Firms Hit Hardest

Brexit cost the UK £27 billion in reduced trade with the EU in two years, less than initially predicted; large firms adapted, but over 14,000 smaller businesses stopped trading with the EU due to new barriers.

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40% Bias Score

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How did Brexit differentially affect large and small businesses in the UK, and what explains this disparity?

While the overall trade impact of Brexit was less than initially feared, the study revealed a stark disparity between large and small businesses. Larger firms maintained trade levels, while over 14,000 smaller businesses (mostly those with under 100 employees) ceased trading with the EU. This highlights the disproportionate impact of new trade barriers on smaller enterprises.

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