About Joshua Sophy
Authored 9 articles.
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Franchise Businesses Continue Rapid Growth Despite Concerns
Features, January 20, 2015
Franchise businesses are growing at a rate faster than any other sector of the economy. And they’re creating jobs at a faster clip, too. For the fifth consecutive year, 2015 is expected to see another big expansion, according to projections from the International Franchise Association.
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Small Business Loans Up at Big Banks, Down at Small Ones
Features, January 16, 2015
Small business lending at big banks ended the year strong. But loans at small banks continued to decline, the December 2014 Biz2Credit Small Business Lending Index shows. If you look at the index for the final month of 2014 one way, you’d see approval of small business loans at big banks continues to increase.
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U.S. Postal Service Lowers Package Rates
Features, September 12, 2014
The U.S. Postal Service is lowering package rates — dramatically in some cases — in an effort to capture e-commerce business.
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Using Retirement Accounts to Fund a Business Startup Draws IRS Scrutiny
Features, April 22, 2014
The IRS is increasing scrutiny into a complex practice for using retirement accounts to fund a business. The practice may trip up business owners who take advantage of it. In the end, it could cost them not only their retirement nest eggs, but open them up to paying back taxes and large penalties to the IRS.
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Yes, Top Performing Businesses Pay More in Taxes
Features, April 21, 2014
Do businesses pay their fair share of taxes? Should they pay more in taxes and are they paying considerably less than everyone else? Many consumers seem to believe they’re held more accountable for their income taxes than businesses, especially around tax time.
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An Update on the Greater Opportunities for Small Business Act
Features, April 15, 2014
Government contracts for small businesses were discussed last week on Capitol Hill. The Greater Opportunities for Small Business Act of 2014 was written to give small businesses more opportunities to compete for federal government contract work.
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Newly Sworn SBA Chief Must Deal With Lending Defaults
Features, April 10, 2014
Newly sworn-in Small Business Administration Chief Maria Contreras-Sweet may want to give small businesses access to more loans. But a bigger challenge may be adding some oversight to the administration’s current troubled loan guarantee program. Critics like the Government Accountability Office (GAO) say the program is already costing taxpayers billions. And that’s bad for everyone, small businesses included.
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Small Businesses Spend More on Travel, Per Concur Survey
Features, January 09, 2014
Small businesses are playing the role of big spenders on the road. A new study found that small businesses spend more on travel than big business.
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Small Businesses Created 45% of the New Jobs in June
News, July 29, 2013