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Governor Baker Signs To Delay Paid Family & Medical Leave

  • Posted: 6/14/2019

With just a few weeks before Masschusetts State Family and Medical Leave contributions were to begin being taken out, Governor Charlie Baker has signed off on a delay for the contributions. Due to problems already occuring, the payroll tax will be delayed from being taken out until October 1, 2019.

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U.S. Small Businesses Receiving Lending from Alternative Sources

  • Posted: 6/12/2019

Small and medium-sized businesses are looking to receive their lending from alternative sources. According to the Q2 Private Captial Access Index (PCA Index), small and medium sized business owners looking to gain loans from traditional banks declined from 49 percent last quarter to 41 percent this quarter.

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Smiling Female Business Owner

Small Business Optimism on the Rise

  • Posted: 6/11/2019

According to the latest numbers from the National Federation of Independent Business, the small-business optimism index had risen to 105.0 in May when economists had only predicated to reach a 102.0 reading. Also 62 percent ( a 0.5 increase from April) of small businesses were hiring or trying to hire for May.

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Other Current News

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75,000 Jobs added in May for U.S Economy

According to the Department of Labor, the U.S. economy was able to add 75,000 jobs for the month of May and unemployment was able to remain at 3.6 percent. The Department of Labor also has reported that there was a drop in total non-farm payrolls from April which had recorded 224,000 for the month.

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Income Gap Grows Between Small and Large Businesses

There is another income gap in the United States growing, but not getting as much public attention. There is a gap between how much large corporations make and what small businesses make, with the top performing companies obtaining 80 percent of the profits between 2014 and 2016, up from 75 percent only 10 years earlier.

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Social Security Cards

Social Security In Danger of Being Depleted

Those in Washington are warning that if Social Security and Medicare are not reformed than the Social Security trust fund could run out by 2035. A number of representatives are advocating for a new bill that will ensure that Social Security and Medicare will remain funded into the next century.

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