The IRS is warning car dealers and sellers about rising phishing and smishing scams. These scams can severely impact business operations by tricking recipients into clicking suspicious links or providing sensitive information. A recent ransomware attack targeted car dealers, prompting the IRS to stress vigilance. Fraudsters use various tactics to steal personal and financial information,…
eBay Inc. announced the launch of Business Cash Advance, a new eBay Seller Capital revenue-based financing product provided by Liberis. The goal is to support eBay sellers at every business stage; Business Cash Advance offers eligible U.S. eBay sellers up to $1 million in working capital in as little as 24 hours. The product promises:…
Amazon is celebrating its 10th Prime Day event, offering Prime members exclusive discounts and millions of deals from top brands. Jamil Ghani, Vice President of Amazon Prime, highlighted the event’s focus on huge savings across various categories, including grocery delivery, music, and podcasts. Prime members can enjoy savings on back-to-school and college essentials. Amazon’s shopping…
The IRS has issued a warning to taxpayers about a new scam involving clean energy tax credits. This scheme involves unethical tax return preparers who misrepresent the rules for claiming these credits under the Inflation Reduction Act (IRA). The IRA’s transferability provisions allow the purchase of eligible federal income tax credits from investments in clean…
Discover has introduced Balance+, a feature for its Cashback Debit Checking account that provides customers with fee-free overdraft coverage on debit card transactions. This move addresses the common issue of overdraft fees, offering relief to those living paycheck-to-paycheck. Balance+ allows account holders to overdraw their accounts by up to $200 without incurring fees. To qualify…
eBay’s magical listing tool, now recognized as the “Best Overall Generative AI Solution” by the 2024 AI Breakthrough Awards, is changing the selling experience on the platform. This tool uses generative AI to make the process of listing items for sale faster and simpler for sellers. By using AI, eBay has cut down the time…
The NFIB Small Business Optimism Index reached its highest point of the year in June, hitting 91.5, a one-point increase from May. Despite this rise, the index remains below the historical average of 98 for the 30th consecutive month. Inflation continues to be the primary concern for small business owners, with 21% citing it as…
In a calm sea, every person is a pilot. But what happens when there is a crisis? What happens when your leadership is really tested? This week on The Small Business Radio Show, I discussed this with Dr. Thom Mayer, who has been a leader in times of crisis for over 25 years, navigating some…
The U.S. Department of Labor recently updated overtime rules, which may impact small businesses with salaried employees. Overtime regulations have always been part of the Fair Labor Standards Act, protecting hourly workers and some lower-paid salaried employees. Under the latest update, which went into effect July 1, salaried workers who earn less than $844 per…
California small businesses have until August 6, 2024, to apply for an SBA federal disaster loan for economic injury due to the Smith River Complex Fire. This fire, which occurred on August 15, 2023, affected Del Norte County. Francisco Sánchez Jr., the associate administrator for the Office of Disaster Recovery and Resilience at the Small…