A Texas man was sentenced today to 37 months in prison, three years of supervised release, and ordered to pay $529,551 in restitution to the United States for evading taxes on income he earned from his business. According to court documents, John L. Petrone owned and operated a business that sold an herbal extract known…

TikTok Shop has announced a new initiative aimed at supporting small and medium-sized businesses (SMBs) on its platform. The Supporting Our Artisans and Retailers (SOAR) Together program will provide tailored support and resources to help SMBs and creators succeed on TikTok Shop. Nico Le Bourgeois, Head of TikTok Shop Operations in the US, said, “It’s…

Grants can help small business owners grow and sustain their operations. These funds provide financial support for a range of needs, such as purchasing equipment, expanding facilities, or hiring staff. Grants can help cover costs associated with marketing, research, and development, enabling businesses to innovate and stay competitive. Grants also reduce financial strain, allowing business…

Today’s workforce is beginning to trust artificial intelligence (AI) to manage a large portion of their tasks, according to new research by Salesforce. The study reveals that workers are most comfortable when AI and humans collaborate but are also starting to trust AI to independently handle time-saving tasks such as writing code, uncovering data insights,…

A recent survey reveals that 50% of finance companies have experienced layoffs, highlighting the sector’s ongoing challenges. Additionally, firms are facing a shortage of expertise in fintech and artificial intelligence (AI). Despite these issues, many executives remain hopeful about AI’s potential. A report by Fiverr, titled “Strategic Insights: Leveraging Freelance Talent in Finance,” provides a…

A Florida fisherman has pleaded guilty to evading taxes on income he earned while working in Massachusetts. Christopher Garraty, from New Port Richey, admitted to evading over $400,000 in taxes on income he earned as a commercial fisherman and deckhand for companies based in New Bedford, Massachusetts. Court documents and statements revealed that Garraty, who…

The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, has sent a letter of opposition to the U.S. House of Representatives regarding H.R. 8639, the Warehouse Worker Protection Act. The NFIB warns that this legislation would result in increased costs, burdensome mandates, and additional red tape for small businesses. “This…

The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, has sent a letter of opposition to the U.S. House of Representatives regarding H.R. 8639, the Warehouse Worker Protection Act. The NFIB warns that this legislation would result in increased costs, burdensome mandates, and additional red tape for small businesses. “This…