For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington.
A rocket from Yemen strikes Tel Aviv, injuring 16, and Palestinians mourn a dozen children in GazaAfter shooting, Wisconsin school and church lean into Christmas message for comfortThe Afternoon WireRunning game and defense score Notre Dame the first playoff win in school historyRobbie Williams: 'I’ve been a cheeky monkey all my life'Giant sloths and mastodons lived with humans for millennia in the Americas, new discoveries suggestFACT FOCUS: Inspector general’s Jan.
Meanwhile, 23 states and 65 cities and counties have minimum wage increases set to go into effect in 2025, either Jan. 1 or later in the year. “As we operate in multiple states, staying compliant with each state’s rules and regulations is an ongoing challenge,” he said. “As minimum wage rates rise, it adds to the financial pressures of running a business, especially in the face of fluctuating material costs and competitive pricing.”A rule that would require millions of small businesses to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan.
But small business groups say the regulation is too onerous. If it goes into effect, small businesses that don’t comply could be fined up to $10,000. Businesses with more than 20 employees and more than $5 million in sales can qualify for exemptions.
Inc. Donald Trump Kelly Loeffler District Of Columbia Small Business Inflation Alaska U.S. Small Business Administration Georgia Finance Business Business Rich Kingly Tom Sullivan International Trade Minimum Wage Tyler Yamnik Federal Reserve System Karen Kerrigan
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