2-13-24 - Small Business Owners Face Economic Uncertainty and the Beneficial Ownership Rule

NEWS ROUNDUP1 - Small business owners continue to grapple with economic uncertainty, according to the National Federation of Independent Business’ Small Business Optimism Index.https://www.nfib.com/content/press-release/economy/small-business-owners-expectations-for-higher-sales-declined-in-january/2 - Many small businesses are still unaware of the new Beneficial Ownership rule from the Treasury Department that went into effect on 1-1-24.https://www.wsj.com/articles/small-businesses-must-now-report-ownership-information-to-the-government-but-many-dont-know-about-it-bb13f2b6https://www.fincen.gov/boi3 - Nearly a year after the run on Silicon Valley Bank, small business owners aren’t panicking about their business accounts that hold than $250,000, the amount beyond which the FDIC won’t insure deposits.https://www.marketplace.org/2024/02/12/banking-crisis-fdic-protection-businesses/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at [email protected] and let’s grow your business together!----------Email me at [email protected] give me feedback on the podcast.Show web site:  www.smallbizflash.com