Midas Staff Writer

New Rules to Prevent Discrimination from Small Business Lenders

By / May 23, 2023

The CFPB recently announced a new policy that will require banks, credit unions, savings associations, and non-bank lenders to collect demographic and geographic data. These lenders will have to provide this information alongside their lending decisions and the price of credit. The director of the CFPB made a statement that small businesses sank during the …

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Why E-Commerce Microbusinesses Boomed During the Pandemic—and Why They Are Still a Good Investment Now

By / May 9, 2023

While the COVID-19 pandemic seemingly brought life to a halt, some businesses managed to prosper under the unusual circumstances. Americans created 2.8 million more online microbusinesses in 2020 than they did in 2019. Platforms such as Etsy and Shopify host hundreds of thousands of these microbusinesses and offer entrepreneurs a way to profit from their …

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Get New Business by Using Advertising to Turn Your Niche Community into Customers

By / May 9, 2023

Small business owners are leveraging Reddit to turn niche communities into customer bases. Businesses can begin marketing on Reddit by starting or participating in conversations, engaging with niche “subreddits,” sharing their stories on Ask Me Anything, or running ads. The site says that businesses can tap into its network of 57 million daily active users …

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Late Payments Cause Small Businesses to Struggle – How to Take Control of Your Income

By / April 18, 2023

59% of small businesses are struggling with income due to late payments according to a survey by market research and data analytics firm YouGov. Additionally almost one-third of small businesses say that  receiving payments 20 to 30 days after their due date is putting them at risk for closure. Experts recommend taking these four steps …

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The Dirty Dozen: Beware of Scammers during Tax Season

By / April 18, 2023

The Internal Revenue Service (IRS) has warned taxpayers to be vigilant against email and text scams during tax season. In the annual Dirty Dozen campaign, the IRS has issued a warning about phishing and smishing schemes where scammers try to steal taxpayers’ information through scam emails or text messages.  The Dirty Dozen is an annual …

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Estimated Taxes: Important Series for the Self-Employed & Those With Alternative Income Part 3

By / March 28, 2023

For 3 weeks we will be covering different facets of estimated tax.  Teaching you the basics, how to avoid underpayment of estimated taxes and some new strategies to replace the traditional monthly payments.  ESTIMATED TAX STRATEGIES Taxpayers who are used to the cash flow from their salaries, pensions, or other income with taxes withheld may have …

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Estimated Taxes: Important Series for the Self-Employed & Those With Alternative Income Part 2

By / March 28, 2023

For this 3 part series we will be covering different facets of estimated tax.  You’ll learn the basics, how to avoid underpayment of estimated taxes and some new strategies to replace the traditional monthly payments.  HOW TO AVOID UNDERPAYMENT OF ESTIMATED TAX PENALTIES Every year, taxpayers and tax professionals alike engage in the familiar rhythms …

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