Friday, December 18, 2020

Support Lansing women-owned business this weekend at The Block Market

Some of the most impactful business owners that I know in Lansing are women. Many of these game-changing entrepreneurs began operation or relaunched their businesses in the midst of a global pandemic.

Though there are many obstacles, they persist, adapting their schedules to accommodate virtual education, scheduling meetings at their lunch break from their 9 to 5, learning new technology, writing books while children sleep and — most importantly — building community and supporting one another.

Publisher: Lansing State Journal
Author: Najeema Iman guest writer
Reference: (Read more) Visit Source



And here's another article:

Tribeca Citizen | Local Business Update: Terroir

Terroir, the popular wine bar on Harrison opened a decade ago by Paul Grieco, has been closed save for three weeks in July since the pandemic began. And sadly for fans, it will stay that way until May 1, when Grieco hopes to open the doors once again. It’s a decision that did not come easily, but one that he seems to have made peace with, at least at certain moments of clarity.

When the restaurant closed on March 16, like everyone they thought it would just be for a couple weeks, and then maybe a couple months, and then the realization set in that this was a new normal. They gave it a shot in July (“that was a nightmare”) but all the joy of working a restaurant was gone, smothered by the burdens of regulation and the constant specter of the virus.

Publisher: Tribeca Citizen
Date: Tribeca Citizen Local Business Update: Terroir
Reference: (Read more) Visit Source



Hennessy Capital Acquisition Corp.

- Over $625 million of proceeds raised in the transaction will support the production and launch of electric vehicles (EV) featuring Canoo's advanced EV platform technology -

- 99.97% of Public Shareholders Elected to retain GOEV stock -

- Shareholders Are Reminded to Vote in Favor of the Business Combination –

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC, HCACW, HCACU) ("HCAC") today announced that, as of the deadline for redemption elections in connection with the pending business combination (the "Business Combination") with Canoo Holdings Ltd. ("Canoo"), over 99.97% (or approximately $306 million) of funds will remain in HCAC's trust account as of closing.

Publisher: GlobeNewswire News Room
Date: 12/18/2020 2:00:00 PM
Author: Hennessy Capital Acquisition Corp IV
Twitter: @globenewswire
Reference: (Read more) Visit Source



Digital Manufacturing Tech Is A Pandemic Business Force Multiplier

Covid has thrown countless challenges to producers and everyone else in the supply chain for goods across the spectrum. Meat products became scarce when the pandemic raged through the packing plants' shoulder-to-shoulder workers. Outdoor goods of all stripes flew off the shelves when people looked for new ways to get out of the house in the absence of school, work, and social events. And let's not even talk about toilet paper.

Those are just a few examples of thousands. The whole business of making things and getting them to the people who need them has been uniquely challenged in 2020.

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Publisher: Forbes
Date: 2020-12-18
Author: Jim Vinoski
Twitter: @forbes
Reference: (Read more) Visit Source



Other things to check out:

Tenet selling urgent-care business for $80 million

Tenet itself saw "very strong growth" across its urgent-care centers in the third quarter, which ended Sept. 30, driving 8% year-over-year growth in United Surgical Partners International's non-surgical visits, Chief Financial Officer Dan Cancelmi said on the company's recent earnings call.

The acquisitions expand FastMed into Florida and California, where most of the centers are located, and increases its reach in Arizona and Texas. The parties said they expect the deal to close in the first quarter of 2021 pending regulatory approvals and closing conditions.

Publisher: Modern Healthcare
Date: 2020-12-18T15:59:28-0500
Author: Tara Bannow
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IRS Leaves Business Owners Who Took PPP in a Tax Quandary | Kiplinger

Taxability: any amount which (but for this subsection) would be includible in gross income of the eligible recipient by reason of forgiveness described in subsection (b) shall be excluded from gross income .

Government agencies must carry out congressional laws as Congress intends. When considering the propriety of an agency's interpretation of law, courts consider two factors: first, whether Congress directly spoke to the issue in the law; and, next, whether the agency's interpretation is based on a permissible construction of the law. Government agencies, like the IRS, are granted interpretive deference, but remain constrained by congressional intent.

Publisher: Kiplinger
Author: Eric Boughman Attorney and Founding Partner
Twitter: @Kiplinger
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Popular downtown Fairhope business vandalized – WKRG News 5

FAIRHOPE, Ala. ( WKRG ) — A popular shop in downtown Fairhope was vandalized Thursday night, according to a post on Mr. Gene's Beans Facebook page .

It appears someone threw rocks at the front windows of the coffee shop, which is also a popular place for locals to enjoy ice-cream.

"So this is what we walked into this morning. Some time Thursday night, a vandal threw rocks through our two front windows. Y'all…the year has been hard enough between closing due to Covid, lost business due to Covid, and losing all our product/being closed due to Hurricane Sally. The struggle is real. This just feels like a sucker punch. We love being part of downtown Fairhope and as a family owned and operated business, our heart and soul has gone into keeping Mr.

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Publisher: WKRG News 5
Date: 2020-12-18T15:50:46 00:00
Reference: (Read more) Visit Source



Roth Conversions For Business Owners: Turning Lemons Into Lemonade

·       There are no Required Minimum Distributions (RMD) to the owners (if the Roth 401(k) is rolled into a Roth IRA)

There are two primary ways to fund a Roth, either by contributing (e.g., contributory Roth IRAs, back-door Roth or DRAC) or by converting an existing RIA (or in some cases, 401(k) to a Roth by paying the taxes on the conversion). These attributes can provide significant advantages, particularly if the tax rate at the time of conversion is lower than the prospective tax rate at the time of distribution.

Publisher: Forbes
Date: 2020-12-18
Author: Leon LaBrecque
Twitter: @forbes
Reference: (Read more) Visit Source



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