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5 Small Business Stories, Trends and Tips for Today

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1. Small businesses seek delay of overtime rule 

The nation’s leading small business trade group on Tuesday asked the Labor Department to delay a new rule making millions of Americans eligible for overtime pay, saying employers aren’t prepared to implement it when it goes into effect Dec. 1. Read more athttp://usat.ly/2cLIhfq 

2. The small business owners Trump never paid in full 

It was like we won the lottery,” Beth Rosser remembers. Her dad, Forest Jenkins, had just secured a $200,000 contract to work at the biggest prize in Atlantic City: Donald Trump’s Taj Mahal.His company installed toilet partitions — not exactly glamorous, but important nonetheless. It was 1988, and a six-figure contract was huge. Read more athttp://cnn.it/2cLI0Jg 

3. ACA Making Small Business Owners Consider Retirement Benefits 

A survey conducted by Harris Poll on behalf of Nationwide, an insurance and financial services organization, found that because of the enactment of the Affordable Care Act (ACA), small business owners are increasingly reconsidering retirement plans in order to retain and recruit employees. Read more at http://bit.ly/2cLIO0H 

4. Even Without Interest Rate Hike, Banks Must Lend to Small Businesses 

Big banks ($10 billion+ in assets) anticipated that the Federal Reserve would raise interest rates this summer. Many bankers and economists then anticipated that the central bank would increase rates its next policy meeting on September 20-21. That seems unlikely to happen at this point. Read more at http://bit.ly/2cLIH5i 

5. Small business owners can’t afford retirement 

More than one-third of them are not putting money into their own superannuation despite many paying compulsory super to their employees, says today’s SME Snapshot by cloud accounting group MYOB. Read more at http://bit.ly/2cLIoHT


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