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News (1933)

Use Big Data Properly

Not using big data properly can actually be damaging to your business, reports Inside Big Data. 

While the benefits of working with big data are well established, the continuing growth of unstructured data is overwhelming many organizations. That’s because they have little idea of how to manage and use it in the best ways to generate value for the business.

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Army Uses Big Data to Make Replacement Decisions

According to National Defense Magazine, the Army is using big data to find out when to replace aging equipment. 

The Army is using powerful new computers to crunch data so it can better decide the optimum time to get rid of aging platforms such as tactical wheeled vehicles and other equipment.

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Google Brings Big Data to Farming

According to Tech HQ, Google’s parent company Alphabet is bringing big data to help find sustainable farming solutions. 

Alphabet, better known as Google’s parent company, is joining the effort to bring sustainable agriculture to the masses following its latest project’s unveiling involving robots, crops, and big data.

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Smaller Loans Getting Easier to Forgive

According to the Hill, the SBA will simplify the loan forgiveness application for businesses that took loans under $50,000.

The Small Business Administration (SBA) and Treasury Department announced that they are simplifying the loan forgiveness application for Paycheck Protection Program (PPP) loans under $50,000.

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Prime Day a Boon for Small Business

Amazon’s Prime Days gives thousands of small to medium size businesses a way to reach more customers, reports CNBC.

Come Oct. 13 and 14, Amazon’s annual two-day members-only online sales extravaganza Prime Day will bring customers over one million deals on myriad products in popular categories including home accessories, toys, and electronics. 

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White House Wants Last of PPP Funds Released

According to the UPI, top white house officials are calling for the release of unused Paycheck Protection Program funds. 

Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows on Sunday sent a letter to Congress calling for the release of unused Paycheck Protection Program funds amid ongoing talks on an additional round of COVID-19 stimulus.

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Economic Injury Program Not That Helpful

According to the Washington Business Journal, many small businesses were given less money than they needed from the Economic Injury Disaster Loan Program. 

Hundreds of thousands of businesses that applied for the Small Business Administration's Economic Injury Disaster Loan program were ultimately given less than they needed, according to a Government Accountability Office review of the program.

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More Money for Distressed Small Business

According to CNBC, the Treasury and the House may be close to an agreement on a further round of funding for distressed businesses.

As House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin try to hash out another coronavirus relief package, distressed business owners continue to wait in the wings.

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Business Switching to Online Sales Miss Tax

More businesses are turning to online sales, however, many small businesses don’t fully understand their states online sales tax rules, reports Forbes. 

Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics.

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AICPA, CPA.com and Biz2Credit Launch New Platform for Small Business Funding

The American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, and fintech leader Biz2Credit today announced they are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses both on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options that clients may need to fund growth.

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