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Main Street’s labor problem is weighing on businesses as summer hiring picks up
As summer arrives, Alison Schuch, owner of Fells Point Surf Co., is down about 10 workers at her two beach retail locations as a perfect storm of reasons drives a post-pandemic hiring crunch. A lack of affordable summer housing, scant child-care availability, inflation and the rebalancing of work and life in recent years have combined…
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IRS weighing guidance for small business tax credit, taxpayer advocate says
After a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the tax break. The employee retention credit was created to support small businesses during the Covid-19 pandemic. There’s still time to amend returns and claim the credit, which is worth up to $5,000 per employee for…
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In debt ceiling threat, these are banking moves every small business should make
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