small business

On her journey to success, CEO Tyla-Simone Crayton learned from experience and from those she met along the way– including billionaire Mark Cuban.

We still don’t know whether taxes will rise next year, but one thing’s for sure: You can still act now to lower your 2020 tax bill.

Seven states established a workaround for business owners facing a $10,000 cap on state and local tax deductions. The IRS has signaled it would greenlight it.

The CARES Act allows businesses to carry back losses from 2018, 2019 and 2020, using it to offset income from up to five years ago. They may get tax refunds.

Covid-19 has spurred people to generate additional streams of income. The extra cash comes with additional responsibilities. What you should know.

The Seacoast Repertory Theatre pushes for legislation to help the arts, Luella’s Southern Kitchen tries to keep their staff employed as budgets tighten and L.A. Dogworks continue to adapt to the coronavirus pandemic by instituting new changes.

The Seacoast Repertory Theatre struggles financially as they pivot to small in-person and online performances, Luella’s Southern Kitchen deals with some changes to the supply chain and L.A. Dogworks discuss the financial implications of the COVID-19 pandemic and how they are trying to find ways to stay afloat, keep their staff working and evolve.

Black small business owners — and small business owners of color in general — are particularly pessimistic about their enterprises surviving the coronavirus economy. That likely means continued divergence in small business fortunes along racial and ethnic lines.  Just last week, the Federal Reserve Bank of New York released a study highlighting the deep toll Covid-19 has had on Black-owned small businesses, with 41% shutting...

The Trump administration has released the names of businesses approved for loans of more than $150,000 as part of the Paycheck Protection Program. Many of them are big businesses that some would argue should never have been approved in the first place. That is not sitting well with some local business owners who say they clawed and scratched for money…

NBC 5 Responds looks at which businesses were approved for PPP loans and the controversy over who is on that list. NBC 5’s Lisa Parker reports.

As Chicago businesses continue to clean up from the weekend riots, some fear they will never reopen again. Small businesses, like X5 Cuts Barbershop in River North, are being forced to make tough decisions. The small barbershop needs around $100,000 to repair damage and recoup what looters stole. Co-owner Mike Khateeb tells NBC 5 looters smashed all his windows, stole…

We’ve all used our library card to check out books, but did you know that many libraries offer a ton of awesome freebies? From online classes to free museum passes, find out what extra perks you can get from your local library.

The government says it has approved an additional $50 billion in loans to small businesses, although banks are complaining that a bottleneck at the Small Business Administration is severely slowing the process.

The second round of loan applications for the government’s program to aid small businesses hit by the coronavirus has been slowed by computer issues at the Small Business Administration

Nearly 7.5 million small businesses are at risk of closing their doors permanently over the next several months if the coronavirus pandemic persists, according to a survey. Around two-thirds of entrepreneurs said they may have to shut forever if business disruption continues at its current rate for up to five months, according to a survey published Tuesday by Main Street…

The city of Chicago received roughly 500 complaints about nonessential businesses operating in violation of Gov. J.B. Pritzker’s stay-at-home directive as of Tuesday, according to the Chicago Tribune. “Some complaints are for restaurants, bars, yoga studios, hair salons and other inessential businesses, while some are for businesses such as banks and auto shops that are considered essential,” said Isaac...