1039: #SmallBusinessAmerica: Looking up for 2021. @genemarks @Guardian #SmallBusinessAmerica
Image: In the U.S., one trillion is written as the number "1" followed by 12 zeros. On trillion sends equals 31,546 years. Here: The obverse of the 2009 Zimbabwe $100 trillion banknote. Gene Marks, @genemarks @Guardian #SmallBusinessAmerica @Guardian, Philadelphia Inquirer, and at TheHill; in re: Small busnesses are hunkering down, looking forward to a significantly stronger second half, considering pent-up demand. Biden’s $1.9 trillion stimulus plan. Yellow lights: could just become more public debt—all right when interests rates stay this low; but if they rise, would make it much more expensive. The $15/hr minimum wage is quite different in Seattle and Tennessee. Higher costs will send business owners to technology, robots, automatic mfrg. Mandating paid time off will be a headache for small-business owners. Coming: an unprecedented tax season. Tips: The Employee Retention Tax Credit—up to $7,000 per employee per quarter. Also, the Work Opportunity Tax Credit: you can get from $1,200-9,600 per employee. Macros https://www.bizjournals.com/seattle/news/2021/01/20/chase-study-2021-small-business.html https://www.washingtontimes.com/news/2021/jan/20/bidens-stimulus-plan-is-mostly-bad-news-for-small-/ https://fusion.inquirer.com/business/small-business/stimulus-bill-tax-tips-small-business-file-covid-virus-20210121.html