Small businesses across the US that are constantly affected by the coronovirus epidemic or are still trying to recover have received a little more good news this week. The second round of PPP loans is now being awarded.
The popular paycheck protection program helped fund millions of small businesses in 2020, providing them with some capital to keep employees on their payroll while government-ordered virus mitigation efforts led them to close their doors to customers force to.
However, those funds lasted for a limited time only. And now, after months of negotiations in Washington DC, PPP loans are available once again.
In our report from earlier this week, what is known about the new round of PPP loans and who lends: Second round of PPP loan is now available.
Also, see the rest of this week’s big news below in our weekly roundup …
Small Business News Roundup – 15 January 2021
Here are some news headlines for small businesses.
Who makes the most typing errors? 25-34 year olds
New data from phenetic wellbeing suggests that people between 25 and 34 years old make the most typing mistakes. Whereas people between 55 and 64 years of age were found to make the least typing errors. Typing is an essential skill that everyone needs to know in order to advance in business, especially in the digital age where most of our interactions have taken place online.
Teespring rebroadcasts as SPRING
Teespring has announced the launch of its new spring solution for content creators, designers and artists. Through rebranding for SPRING, Teespring says it is transforming its services to offer its opportunities to leverage its creative products as well as increase its monetization opportunities.
Best state to start farm in 2021
Lawnstarter.com released a list this week of the best states to start a farm in 2021. In some states, small independent farmers, while others continue to flourish in other states, some believe it is more challenging to serve as a business model.
Fraud is on the rise: how to protect your small business
After a year of tremendous challenges, small businesses are optimistic about their ability to bounce back and grow in 2021, according to the Capital One Small Business Confidence Survey. While much of the 2020 global epidemic was focused on 2020 and the expectation of economic relief, businesses need to ensure that they are protecting themselves from additional risks, namely fraud.
Yelp is offering facilities for businesses to disclose COVID security measures
Keeping your small business open may mean shortening your COVID-19 security practices. Yelp is adding its COVID-19 section. They are adding to customers’ comments on social distancing and wearing masks. There are also new content guidelines to protect businesses from inappropriate reviews. And new health and safety measures.
Do not make these cyber security mistakes in 2021
Data privacy and cyber security became buzzwords in 2020 and with good reason. Due to poor privacy practices and cybersecurity mistakes, both large and small businesses were affected by data security vulnerabilities. Data breaches such as the Solar Winds Hack, Nuclear Weapons Agency Breach, and Clearview AI’s entire client list theft were just a few of the software vulnerabilities.
How a founder was forced to take back his company
About 20 years ago, Scott Jordan wanted to solve a very common problem; He needed a way to carry and organize all my gadgets and gear without a “man-purse”. Now taking inspiration from his loyal customers, Scott made SCOTTVVEST the world’s best travel and first digital native clothing company.
You know how to file your 1099 tax form in 2021
The tax cannot expire until February 1, 2021. But it is not too early to brush up on what you need to know for filing. This is especially true if you own a small business. What’s new for the 2020 tax year? For one thing, replace Form 1099-NEC for Form 1099-MISC for non-employee compensation reporting.