A deep dive into a new report by EY explains the positive economic impact if Congress protects small businesses from a massive tax hike, and four small employers detail how the 20% Small Business Tax Deduction empowers their small businesses. Hear from Holly Wade, Executive Director of NFIB’s Research Center, Brandon Pizzola, a partner with the Quantitative Economics and Statistics Practice at EY, and small business owners from California, Massachusetts, Nebraska, and West Virginia.

NFIB’s top federal advocacy priority is stopping a massive tax hike on nine out of 10 small businesses by making the 20% Small Business Tax Deduction permanent.

• Customize an email to your U.S. Senators and Representatives to amplify this effort.
• Find out if your small business qualifies for the deduction.
• Stay up to date on the latest Small Business Deduction news.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

A new small business registry rule, known as beneficial ownership reporting, went into effect Jan. 1, requiring small businesses to report their beneficial owners to the U.S. Treasury Department’s Financial Crimes Enforcement Network by the end of the year. NFIB Small Business Legal Center Executive Director Beth Milito and Caleb Kruckenberg, the attorney in a District Court case challenging this law join to provide a legal update on where the case stands and what it means for small business as the compliance deadline nears. Listen for more information on the new small business reporting registry, penalties for not complying, and more about the scheduled hearing on this case.

Take Action: Add your voice to the fight to repeal this rule by customizing a message to your U.S. Senators and Representative.

Learn More: NFIB’s Beneficial Ownership Reporting fact sheet.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

Without Congressional action, 9 out of 10 small businesses will face a massive tax hike when the 20% Small Business Deduction expires in 2025. NFIB members Wendy and Marci Bittner of LOSHAW Thermal Technology join to share what the 20% Small Business Deduction has allowed them to do and what it will mean to their business if the deduction is allowed to expire at the end of 2025. Representative Lloyd Smucker discusses why this issue is so important to him and his constituents, and NFIB’s Director of Government Relations Lauren Hancock provides an update on NFIB’s advocacy efforts.

Take Action: Join over 80,000 small business owners in signing NFIB’s petition to make the 20% Small Business Deduction permanent.

Learn more about the issue and status at SmallBusinessDeduction.com

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

Social media can be used to expand the reach and awareness of any small business, but it can be difficult to get started and create effective posts for your ideal followers. Financial Literacy Coach and Profit Strategist Jamie Trull shares her first-hand experience using social media to expand her small business. She also provides tips for what platform to start with, how to leverage content, and transitioning followers into customers.

During this episode, Jamie points listeners to several resources, including:
· A free guide to reducing taxes for business owners: JamieTrull.com/TaxGuide
· A financial literacy Facebook group: https://jamietrull.com/group
· Her YouTube channel: https://www.youtube.com/@JamieTrull
· Her Instagram profile: https://instagram.com/jamie.trull

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

NFIB experts dive into current legislation, small business court cases, and the latest research findings. Hear from Beth Milito, Executive Director of the NFIB Small Business Legal Center, Holly Wade, Executive Director of the NFIB Research Center, and Jeff Brabant, NFIB Vice President of Federal Government Relations on the status of key federal small business issues.

Take action:

• Stop the massive tax hike by using our simple email tool to tell your lawmakers in Congress to make the 20% Small Business Deduction permanent.
• Urge Congress to pass legislation to repeal the new beneficial ownership reporting regulation.
• Email the Small Business Legal Center with any questions: info@nfib.org
• Take action using our simple email tool to contact your lawmakers about issues like healthcare costs, swipe fees, and more through NFIB’s Advocacy Center.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

Government mandated wage increases can be a major concern for small businesses as they seek to operate their business, hire, and keep employees. NFIB member and owner of Everyday Fitness in Redding, California, Larry Fuqua, NFIB State Director John Kabateck, and Vice President of State Government Relations Tim Goodrich dive into the impact of minimum wage increases in California and how the changes in California have a national impact. Larry explains changes his business has made to accommodate minimum wage increases, including tips for other small businesses responding to similar wage mandates.

Take action:

• Share your small business viewpoint on minimum wage nationwide in a survey.
• Learn more at NFIB.com/CA and in California, vote no on Proposition 32 in November. Learn more about Proposition 32 here.
• Share your California small business viewpoint on minimum wage in a short NFIB survey.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

NFIB member Jared Cochran shares his experience adapting his small business to the ever-changing online marketplace. Jared and his family own Speed Fabrication, a metal fabrication company and The Fixx, a salon and spa in their Missouri community. He explains some of the best and most challenging parts of owning a small business, how he got started selling on Etsy, and the changes he’s noticed along the way.

Take action and tell Congress to support small businesses by stopping Big Tech’s anticompetitive behavior: https://www.nfib.com/advocacy/now/?vvsrc=%2fCampaigns%2f113294%2fRespond

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

The U.S. Department of Labor (DOL) released a new overtime rule that took effect July 1. NFIB Small Business Legal Center Executive Director Beth Milito and Senior Attorney Rob Smith join this episode to discuss the details of the new rule and what it means for small businesses. They also answered common questions from small business owners about compliance on issues like worker classification, choosing salary versus hourly status, and hiring teenagers for seasonal help.

• Send questions on the status of the DOL’s new overtime rule to info@nfib.org
• Get more information about the new overtime rule in a recent webinar: https://www.nfib.com/webinars/new-overtime-rule-effective-july-1-2024-what-small-businesses-need-to-know/
• Get answers to questions about compliance with Wage and Hour laws: https://assets.nfib.com/nfibcom/Wage-and-Hour-Laws-Guide.pdf

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.