Small Business Labs

APRIL 6, 2021

  A quick summary of the article is if you're working remotely, it can be pretty complicated and potentially expensive from a tax perspective. A surprise tax might be waiting for you nicely covers the various tax issues workers face when they live work remotely.  But remote work is even more legally challenging for employers.

Legal 221

Legal 2021 2020 Expenses 221

Small Business Labs

JUNE 29, 2020

  If that happens, it means major cuts in operating expenses in addition to capital spending cuts. The NLC says cities are projected to lose $360 billion in revenue over the next 3 years due to the economic effects of the pandemic.  The impact on cities is a good example of the pandemic's 2nd order effects.  

Budget 264

Budget Agencies Expenses Travel 264

Small Business Labs

MARCH 20, 2018

More affluent shoppers have fueled high-end retail as their income and net worth have grown, while lower-earning consumers, faced with growing expenses and dramatically less disposable income, have turned toward price-conscious stores.

Expenses 155

Expenses Management UPS Finance 155

Small Business Labs

MARCH 2, 2017

.  Most any self-employed person will tell you keeping detailed tax records - and especially expense records - is a time consuming, tedious process.    They'll also tell you it's easy to miss, not know about, or forget to record tax deductible expenses. 

Credit Card 100

Credit Card Expenses 100

Small Business Labs

DECEMBER 18, 2018

A series of twelve questions is asked regarding job security, saving and expenses, and general financial anxiety. The report describes their anxiety index as: a tool designed by Edison Research and Marketplace to measure the amount of stress a person feels about their individual financial situation.

Stress 172

Stress Expenses 172

Small Business Labs

MARCH 8, 2018

A study on ridesharing drivers -  The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes - was released last week by the MIT Center for Energy and Environmental Policy Research.   Our research 18 months ago on ridseharing driver earnings (net of expenses) found a $12-$14 per hour range for an average Uber/Lyft driver. 

Expenses 155

Expenses Policies AT&T Confidence 155

Small Business Labs

MARCH 18, 2021

Uber is applying the minimum wage requirement "after accepting a trip request and after expenses." .  Because of this, the "worker" classification has been described as " a half-way house between being an employee and self-employed." " Despite this move by Uber, its U.K. legal battles are not over.

Legal 181

Legal Holidays Expenses 181

Small Business Labs

APRIL 1, 2020

  The loan can be used to pay for most business expenses.  The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. 

Payroll 152

Payroll Expenses Agencies Filing 152

Small Business Labs

DECEMBER 10, 2018

Key quote on why this is happening: College is more expensive these days, the way that we think about work and training is shifting, and existing positions are requiring more tech skills than ever before. .  The article chart below (click to enlarge) shows some (but not all) of the bigger Edtech funding rounds in 2018.

2018 164

2018 Expenses Skills Training 164

Small Business Labs

JUNE 11, 2019

As the study chart below shows, "3 in 10 working Americans with a side hustle say they need the extra income to help cover the cost of regular living expenses." " So as Bankrate points out, even though we have a strong economy a lot Americans are living paycheck to paycheck and just getting by.

Expenses 119

Expenses 119

Small Business Labs

MAY 31, 2018

Key quote: The meritocratic class has mastered the old trick of consolidating wealth and passing privilege along at the expense of other people’s children. It too argues this group is advantaging their children at the expense of those who earn less.    This is also the theme of the 2017 book The Dream Hoarders. 

2016 145

2016 Expenses 2014 2017 145

Small Business Labs

APRIL 26, 2018

Being rent burdened means having less money for other expenses or savings. .  And according to the Pew Research study  American Families Face a Growing Rent Burden , 38% of these households are "rent burdened" Pew defines rent burdened as any renter household that spends more than 30% of their income on rent.

2001 169

2001 2004 2015 2016 169

Small Business Labs

AUGUST 15, 2017

cities are more expensive than outsourcing overseas, rising salaries and costs overseas is making outsourcing there less of a bargain. The New York Times article  Hot Spot for Tech Outsourcing: The United States looks at the outsourcing of software development tasks to lower cost U.S. cities, mostly in the Midwest.

Telecommuting 170

Telecommuting Salary Expenses Time Zones 170

Small Business Labs

JANUARY 18, 2018

Rental space is expensive and hard to find in many cities, people are seeking community and want a greater degree of housing flexibility. The picture below (click to enlarge) is from their website and shows some of the features and benefits of coliving. The trends driving the coliving are similar to those driving coworking.

2018 165

2018 Expenses 165

Small Business Labs

MARCH 29, 2018

We wouldn't exist without the ability to access through the cloud advanced analytical tools that even fairly recently were only available to firms large enough to afford the substantial expense of installing these systems in-house. 

Equipment 167

Equipment Expenses Management 167

Small Business Labs

APRIL 23, 2018

It's one of the world's most expensive real estate markets and has some of the highest labor costs in the U.S.  San Francisco is not a cheap place to locate a business, especially a manufacturing business.

2007 172

2007 Expenses 172

Small Business Labs

DECEMBER 14, 2017

This is because the price of Bitcoins are way too volatile and way too expensive to function as a currency.  When Bitcoin was released in 2009, it was meant to be a digital currency and an alternative to traditional money. And for several years it more or less functioned in that role. But no longer.

2012 195

2012 2009 Expenses UPS 195

Small Business Labs

NOVEMBER 23, 2015

  As the chart below shows, sole proprietor contract labor expenses increased 38% between 2010 and 2013.    Over the same period salary and wage expense increased only 10.7%. In 2013 contract labor was 36% of total labor costs, up from 31% in 2010 and just 20% in 2003. 

2003 100

2003 2013 Temping 2012 100

Small Business Labs

FEBRUARY 1, 2018

We've also learned there's demand for pet products and services that we felt were very, very unlikely to be successful ( expensive dog parties being one of many examples). And one of things we've learned from following pet trends is betting against the pet market has not been a good idea.

2017 155

2017 2007 Expenses Learning 155

Small Business Labs

NOVEMBER 19, 2018

CNBC's article  Baby boomers face more risks to their retirement than previous generations  focuses on the "many aren't saving adequately for retirement"   It points out that aging boomers hold less wealth, are deeper in debt and will face higher expenses than current retirees.

Retirement 169

Retirement 2016 Expenses AT&T 169

Small Business Labs

DECEMBER 17, 2019

Rethinking Corporate Travel Expenses. Winning the Price, Loyalty, and Experience Trifecta. Platforms Simplify the Ancillary Purchase Process. Expanding the Sharing Economy. Bleisure Travel is the New Black. Business Travel Culture Drives Company Success. Taking Care of Business, the Traveler, and the Planet.

Travel 130

Travel 2020 Suppliers Collaborate 130

Small Business Labs

SEPTEMBER 18, 2017

This is because, generally speaking, new technologies are expensive. Almost all new technologies start out being used in high value applications. Over time as costs come down, the new technology spreads to broader use in lower cost and value applications. Like pizza delivery. 

Medical 145

Medical 2018 2016 Expenses 145

Small Business Labs

FEBRUARY 13, 2018

It also Likely indicates traditional office space is more expensive. It shows a strong relationship between coworking and office vacancy rates by city. This relationship makes sense. Lower vacancy rates means it's harder to find office space. Both of these make coworking spaces more appealing.

Expenses 196

Expenses 196

Small Business Labs

JANUARY 29, 2019

According to the Federal Reserve , 40% of Americans say they cannot cover a $400 emergency expense, or would do so by borrowing or selling something.    Most Americans also don't have strong financial reserves.   So if faced with a financial hardship, people often need to generate income quickly.

Skills 178

Skills Expenses AT&T Learning 178

Small Business Labs

SEPTEMBER 6, 2018

To be “firing” is to slash one’s expenses to maximize saving while amassing income-generating investments sufficient to support oneself. To have “fired” is to have achieved that goal." " One of the movement's bibles is the 1992 book Your Money or Your Life.   So what this got to do with independent work?

Retirement 128

Retirement Agencies Lifestyle Expenses 128

Small Business Labs

NOVEMBER 4, 2013

For example, their first trend is: 1) Old Trend : Expensive solar, surviving only on subsidies.  The Atlantic's 10 Stealth Economic Trends that Rule the World Today  covers 10 trends in an interesting point-counter point style that lists the new trend versus the old trend.

Expenses 100

Expenses Stress AT&T Management 100

Small Business Labs

JUNE 25, 2014

We know from personal experience as well as our research that pulling together retirement plans, health insurance and other benefits is hard, time consuming and expensive for the self-employed. ." We agree. Having a one-stop shop to help with this will be of great value to many.

Retirement 100

Retirement Health Expenses 100

Small Business Labs

MARCH 21, 2016

This quote points out one other trend of note - weddings have become way too big a deal and way too expensive. “How will I ever be able to put down money for a house? How will I be able to afford a wedding?”. But I digress. 

2002 100

2002 2014 2008 Expenses 100

Small Business Labs

SEPTEMBER 10, 2015

consumers are sparing no expense when it comes to their “families.”. According to a recent Nielsen survey conducted by Harris Poll, 95% of U.S. pet owners consider their pets to be part of the family. And in looking at how much we spend on our pets, it’s clear that U.S.

Gifts 100

Gifts Clothes Holidays Expenses 100

Small Business Labs

APRIL 18, 2017

Another reason is studies of former gig workers are expensive to do because of the effort it takes to find and survey former gig workers. For example, the research objective of our ongoing on-demand economy study with Intuit is to better understand the attitudes and motivations of those working as gig workers for online talent marketplaces.

AT&T 113

AT&T Expenses 113

Small Business Labs

FEBRUARY 23, 2017

Forty-one percent say that a financial hardship – such as a job loss, medical problem, or unexpected major expense – impacted them during the prior year. On-Demand Work Fills Near-Term Financial Needs: Sixty-six percent of people working on-demand report having variable monthly income.

Kelly Services 134

Kelly Services 2016 2015 Medical 134

Small Business Labs

JULY 27, 2015

This money makes a difference—44% use this income for necessary household expenses. For the rest, their creative business supplements other jobs, contributing an average of 15% to total household income overall. Etsy is a great example of how the Internet and online marketplaces are making it easier to create new businesses.

Expenses 100

Expenses 100

Small Business Labs

MARCH 11, 2013

   I look forward to visiting Hubud - and being able to write off a trip to Bali as a business expense (note to the IRS, just kidding). The facility, pictured below, will no doubt be a very creative place.

Expenses 100

Expenses UPS 100

Small Business Labs

JUNE 24, 2015

Pacific Standard's Silicon Valley's Extremely Expensive Bunk Beds  makes it clear they don't like much about this movement. One of the larger coliving businesses, Campus, announced last week it was closing.    And not everyone is positive about coliving.

Expenses 100

Expenses Collaborate AT&T 100

Small Business Labs

MAY 2, 2017

They are very expensive and very hard to do.  They also kept track of life events to help explain the undulating cash flows that characterized almost every household they studied. That amount of effort, by the way, is why diary projects are rarely done. It's on our required reading list.

2014 124

2014 2013 2012 Expenses 124

Small Business Labs

MARCH 27, 2012

Coincidently, the Wall Street Journal has a review of a new book - The Most Expensive Game in Town - that chronicles the growth of highly paid youth sports coaches and programs. .  A related Huffington Post article points out that high-end nannies in Europe are also hansomely rewarded.

Expenses 100

Expenses Salary 2007 2011 100

Small Business Labs

MARCH 16, 2015

Additionally, they will have to reimburse the drivers’ expenses like they would for employees, likely including money for outlays like gas, insurance and vehicle maintenance costs. They will also have to comply with a raft of labor laws and related costs (social security, workingman's comp, overtime pay, etc.)

Legal 100

Legal Suppliers Policies Expenses 100