Many restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips for their workers under the new tax laws. The “no tax on tips” provision in President Trump’s One Big Beautiful Bill Act allows certain workers to deduct up to $25,000 in “qualified tips” per year…
U.S. small businesses are reeling under the weight of President Donald Trump‘s tariffs. Unlike large retailers, many of which have the resources and scale to blunt the effects of higher costs, many small companies facing bigger tariff bills are struggling to survive. Eunice Byun, the CEO of Material Kitchen, a small business that sells kitchenware…
Zohran Mamdani greets a bodega worker before a press conference on October 29, 2025 in the Belmont neighborhood of the Bronx borough in New York City. Michael M. Santiago | Getty Images News | Getty Images Zohran Mamdani’s shock-to-the-establishment victory on election night left the Wall Street and billionaire class reeling, but it could provide…
Food trucks have boomed in visibility and influence, but the road to success is getting rougher. According to a recent report from IBIS, food trucks are approaching the $3 billion annual revenue mark across over 92,000 businesses in the U.S. and are projected to keep growing over the next five years. But once seen as…
Frazao Studio Latino | E+ | Getty Images As the U.S. economy moves through the final quarter of the year, uncertainty remains a constant. Consumers and large corporations are showing resilience, but Main Street is still feeling the squeeze of inflation and shifting policies. The result? These mixed signals are keeping many small business owners…
U.S. President Donald Trump speaks before signing executive orders in the Oval Office at the White House in Washington, DC, on Sept. 19, 2025, including one measure introducing the new $100,000 H-1B visa fee. Mandel Ngan | AFP | Getty Images Nearly a month after the Trump administration’s surprise $100,000 payment for new H-1B visa…
President Trump’s One Big Beautiful Bill passed over the summer, but the tax benefits have barely begun. Many Main Street businesses stand to gain significantly from new tax law deductions into next year, some key ones as high as 100% of costs. The favorable tax measures are not all entirely new. Some had been phased…
Smith Collection/gado | Archive Photos | Getty Images Kimberly Blair, a San Diego-based wellness practitioner who specializes in grief counseling, noticed an uptick in “screen fatigue” among her clients, whom she had been counseling largely virtually. So, she decided to open a storefront location and offer more in-person sessions. When she began casting about for locations,…
Fading West modular housing development built after the Hawaii wildfires. Fading West Owning a home is one of the pillars of the American Dream. But with a nationwide housing affordability crisis headlined by a lofty median price of a single-family home at more than $422,000, the 30-year fixed mortgage rate coming down but still relatively…
For many people, being your own boss is the ultimate dream — but most Americans aren’t actually doing it. Sixty-two percent of U.S. adults want to be their own boss one day, according to a Gallup survey published on June 6. A fraction of them take the jump into entrepreneurship: There are currently 36.2 million…
