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New QuickBooks Features, Trump Tax Plan Explained

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The gig monetary gadget is changing one of the simplest ways small firms hire. And it has moreover ended in further other people making a career out of freelancing and contracting. Previously, tax season was once as soon as refined every for contractors and the small firms that hire them. But a brand spanking new Intuit device objectives to switch all that.

In addition, the new Trump tax plan would possibly simply make an important impact on small trade budget going forward. And Small Business Trends sat down with a CPA to raised understand one of the nuances.

See both some of the ones articles along with other small trade headlines below in this week’s Small Business Trends data and data roundup.

Taxes

Intuit Tool Helps Freelancers and Contractors File 1099 Forms

Intuit (NASDAQ: INTU) in this day and age unveiled a series of recent choices for QuickBooks aimed at helping small firms that art work with freelancers and impartial contractors. And it’ll neatly potentially make lifestyles easier for those contractors as neatly.

How Xero’s Ryan Himmel Explains the Impact of Trump’s Tax Plan on Small Businesses

The contemporary passage of the Republican tax bill would possibly simply lead to massive changes for small firms. But some entrepreneurs are however unsure exactly which parts of the bill could have the most important impact. So a financial professional would possibly simply potentially shed some delicate on the specifics. Ryan Himmel is a CPA and head of financial partnerships throughout the Americas for Xero.

Economy

Huge Jump Seen in Small Businesses Bought and Sold During 2017, Report Says

The BizBuySell 2017 Insight Report shows file annual small trade transactions for the 12 months, totaling 27 % higher than those in 2016. The best numbers were the result of a tough second phase in 2017, driven via a formidable monetary gadget. This ended in 9,919 closed transactions for 2017, compared to 7,842 in 2016.

53  Percent of Small Business Owners Pessimistic About Trump Legislation Helping Them

Small firms aren’t feeling in particular optimistic regarding the Trump control’s talent to enact insurance coverage insurance policies that may help them, in step with Rocket Lawyer’s 2018 Small Business Index. Or a minimum of, the optimism that numerous them were feeling last 12 months has waned slightly.

Small Business Confidence Was Higher Than Ever in 2017

The National Federation of Independent Businesses (NFIB) says small trade self belief hit a file best in 2017.

Final 2017 Holiday Sales Figures Show Best Season in 4 Years

After inspecting shopper spending at more than 1.3 million carrier supplier puts within the united statesover the holiday purchasing groceries season, FirstData (NYSE: FDC) has revealed it was once as soon as probably the most robust in four years. First Data’s SpendTrend Report shows the common expansion for all of the holiday season was once as soon as up 6.2 % from the previous 12 months, which was once as soon as at 4.7 %.

GovCon Incubator Wants to Connect Small Businesses with More Federal Contracts

Small firms looking to succeed in further government contracts would possibly simply have the good thing about a brand spanking new specialized incubator. The GovCon Incubator is a multi-layered program that provides curriculum to deal with every aspect of the federal government contracting process. OST Global Solutions is the company behind the new GovCon incubator.

Employment

71% of Millennials Support Mandatory Paid Family Leave

The issue of mandatory paid family leave via small firms is being addressed in a brand spanking new survey via Paychex. In it, 71 % of millennials showed support, on the other hand there’s no clear consensus as to the way in which it’s going to should be performed or funded via everyone.

Worried About Minimum Wage Increases? Here Are 6 Things You’ll Want to Watch

This 12 months, the minimum wage will increase in 18 states. Another 20 local municipalities will enact their own minimum wage this 12 months, too. These state and local governments are functioning on their own for the reason that federal minimum wage stays at $7.25 in keeping with hour. The local changes, alternatively, are having an impact on small firms in every location.

2 in 3 Employees Don’t Trust Your Process, Many Looking for New Jobs

There’s a good chance that your staff aren’t very happy with your online business’s processes, in step with a just-released know about from Nintex, a workflow and content material subject matter automation company. And that trust would possibly simply purpose numerous them to seek employment somewhere else.

Local Marketing

72 Percent Will Judge Your Company throughout the Quality of Your Business Card (INFOGRAPHIC)

A trade card is a piece of your company’s direct promoting and advertising plan. It maximum ceaselessly accommodates a person’s identify, phone amount, email correspondence take care of, internet web site and company. While the exchange of business taking part in playing cards would possibly seem old-fashioned in in this day and age’s digital global, it is however just about a ritual.

Dallas Small Businesses Claim Yelp Hides Positive Reviews Until They Advertise

Yelp (NYSE: YELP) is all over again going via accusations that it’s creating a pay-to-play scheme to get further firms to buy advertisements on the most popular assessment platform. This time, Dallas area firms are accusing Yelp of hiding five-star opinions after they refused to pay for selling, in step with a file from CBS Dallas/Fort Worth.

Marketing Tips

Fantasy, Space and New Minimalism Set to Influence Design in 2018

The seventh Creative Trends Report via Shutterstock (NYSE: SSTK) is forecasting 11 varieties which it says could be influencing design and visual production in 2018. Fantasy, New Minimalism, and Space are the perfect three varieties this 12 months.

New MailChimp Campaign Builder Gives Small Business Marketers More Flexibility

The new advertising marketing campaign builder from MailChimp has been stepped forward to come up with further flexibility so you are able to take care of every stage of the promoting marketing campaign if you find yourself ready. Unlike the step-by-step process of the former, the new check-off device allows for stepped forward collaboration and the flexibility to consult with different parts of the promoting marketing campaign at any given time.

How to Make Your Mobile Marketing Amazing in 2018

As a small trade, cell promoting and advertising must be part of your common advertising marketing campaign if you want to prevail for your customers. A brand spanking new infographic via Filmora problems out some cell promoting and advertising statistics you’ll have to be staring at out for in 2018 along with some valuable guidelines.

How to Prevent Influence Marketers from Going Rogue with Your Brand Name

A few contemporary examples of online influencers hurting the producers they art work with have small firms wary of influencer promoting and advertising. PewDiePie and Logan Paul are merely one of the most massive identify influencers who have stirred up controversy in contemporary months that the producers they art work with didn’t depend on. But the ones situations don’t indicate that influencer promoting and advertising is just too bad for small firms.

Retail Trends

Verifone Introduces Mobile POS to Improve Checkout for Merchants

The new Verifone (NYSE: PAY) e280 cell point-of-sale (mPOS) solution turns out like a smartphone and it is just as moveable. However for stores, it manner with the ability to accept expenses in a large number of puts everywhere the store along with out of doors of it.

Instacart Acquires Unata Benefiting Small Grocers and Workers throughout the Gig Economy

The acquisition of Unata via Instacart will ship together two corporations who are transforming online grocery purchasing groceries — and create quite a lot of choices for contractors throughout the gig monetary gadget and small impartial grocers.

December 2017 Brick-and-Mortar Retail Traffic Down 5.5% from 2016

Nationally, December was once as soon as an unpleasant month for brick-and-mortar retail with product sales dipping 5.5 % below December 2016. Traffic moreover dropped 7.5 % for the ones shops. Even transactions dipped 7 %, in step with the latest Retail Performance Plus Year over Year Report for December from RetailNext.

HP Expands ElitePOS With More Choices for Retailers

When HP (NYSE: HPQ) introduced the ElitePOS in August of 2017, it reimagined what a point-of-sale device could be. Now the company has expanded the device with further personalization and choice for stores. The addition includes a white style of the ElitePOS, which was once as soon as driven via purchaser request.

Small Biz Spotlight

Spotlight: Truvid Offers Video Specifically for Professionals

Video has become a powerful device for a large number of firms, whether or not or now not you’re rising advertisements or in search of tactics to provide an explanation for a product or service. Platforms like YouTube give video creators a way to merely percentage their content material subject matter. But a brand spanking new platform, Truvid, goes a step further.

Small Business Loans

Small Business Lending On the Rise, Report Says

The Thomson Reuters/PayInternet Small Business Lending Index is reporting small trade lending is on the rise. The November 2017 Small Business Lending Index rose 4.1 % to 138.7, and compared to 2016, it was once as soon as up more than 7 %. The Small Business Lending Index measures the choice of small trade loans issued over the past 30 days.

Technology Trends

Online Fraud Attempts During 2017 Holiday Shopping Season Up 22% Over Previous Year

Online fraud makes an try throughout the U.S. everywhere the 2017 holiday purchasing groceries season better via 22 %. The belief comes from new ACI Worldwide benchmark data accumulated from best U.S. buyers. The file reveals fraud makes an try were perfect on Thanksgiving day, Christmas Eve and and Dec.

Hackers  Will Target Small Business Through the Internet of Things in 2018, New Report Says

A brand spanking new file finds hackers are poised to purpose small firms that use Internet of Things (IoT) technology to succeed in get entry to to data from better global firms in 2018. The  2018 Cybersecurity Predictions via Aon’s Cyber Solutions predicts a small trade Internet of Things (IoT) breach will create a domino have an effect on that damages a larger company.

Merger of Android Pay, Google Wallet Simplifies Small Business Payments

Google (NASDAQ: GOOGL) presented simply in recent years it is merging all of the different expenses services and products and merchandise it supplies, along with Android Pay and Google Wallet, proper right into a single emblem: Google Pay. Small firms that accept expenses on its ecosystem will now reportedly have simpler, extra protected, and additional consistent research.

Photo by way of Shutterstock




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