3 Things You Should Know About Small Business: March 11
NEW YORK (TheStreet) -- What's happening in small business today?
1. Small businesses already being hit by sequestration. Small businesses that use the Small Business Health Care Tax Credit -- a credit designed to encourage businesses with fewer than 25 employees to take on costly employee health care benefits -- will see lower tax credits as a result of sequestration. Last week the IRS said that the refundable portion of the Small Business Health Care Tax Credit will be reduced by 8.7% effective immediately.
The lower rate will be in place to the end of the fiscal year (Sept. 30, 2013) or until Congress intervenes, according to Forbes.
"Practically speaking, what that means is that health care benefits just got a little more expensive for those employers. Just like that," the article says. "No, it's not Armageddon. And I'm not suggesting that it's the end of the world. But hear that noise? It's the chip, chip, chipping away at our small business economy."2. Top purchases influenced by social media. While it's true that consumers dedicate more of their purchasing research to traditional or online outlets -- and hence that's where the majority of marketing budgets should be allotted to -- social media marketing should not be ignored, according to corporate communications blog, Corporate Eye. Research from Radius Global Market Research found that social media influences anywhere from 9% to 39% of purchase decisions, cites Corporate Eye. Social media Web sites were consulted most often for baby care equipment, electronics, automobiles, toys and games and household appliances. Consumers are more likely to seek out information and share after purchasing personal care and makeup products, the research noted. 3. Pop quizzes at work? A pop quiz every now and then might be the best way to get the most out of employees, according to BusinessNewsDaily, which cites research from the American Psychological Association. The study found that people of all ages retain more information when tested on material compared to simply re-reading or re-studying information. "Working adults often need to gain new skills or knowledge as they advance through their careers," said Ashley Meyer, the study's lead author and a cognitive psychologist with the Houston Veterans Affairs Health Services Research and Development Center of Excellence. "Our research suggests that testing may be one way to help them improve and move up." -- Written by Laurie Kulikowski in New York Follow @LKulikowski To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com. >To submit a news tip, email: email@example.com.
Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV