Small business

Several weeks after the pandemic, economists saw an uptick in the number of people filing initial tax paperwork for new businesses.

Small businesses are gaining more revenue this year despite the lingering challenges from COVID-19 and reversing last year’s losses, according to a report from Intuit’s QuickBooks unit.

Small businesses are recording a significant jump in job growth this month, while weekly and hourly earnings grew as well, according to payroll giant Paychex.

Firms owned by Asian, Black or Latino Americans were more likely to report “fair” or “poor” financial conditions in the face of the COVID-19 crisis.

The number of U.S. small businesses has been reduced by 29% in the past year due to the COVID pandemic, according to data from Opportunity Insights.

The company announced $100 million through 2025 to support small businesses and community development projects in diverse communities.

The guidance seeks to address several criticisms of the first rounds of PPP funding: largely that small, vulnerable businesses were unable to get assistance because larger business claimed the funds before small firms could get to it.

One in four small companies said they’ll go belly up if economic conditions don’t improve over the next six months.

Proponents of the plans say they’re a good option for companies that may not feel they can afford to offer a traditional plan to workers but want to give them something to help with health care expenses. But consumer advocates are concerned they may shortchange some workers.

Gusto has launched a new set of health and financial wellness benefits, providing employees with early access to earned wages, reimbursement for medical bills and a savings account.