Trump defends his school, prosecutor calls it 'a scam'
New York (CNNMoney) - Donald Trump's real estate school is under attack by New York's top prosecutor, and both sides took to the airwaves Monday to elaborate on the upcoming legal battle.
During separate interviews on CNN's "New Day," New York State Attorney General Eric Schneiderman called the school a "bait-and-switch scheme," and Trump accused the prosecutor of actions akin to extortion.
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The IRS is cracking down on small businesses
New York (CNNMoney) - Swipe your card at a local store and you might be creating some serious tax headaches for the business owner.
The Internal Revenue Service has sent out letters to 20,000 small businesses since fall 2012, notifying them of "possible income under-reporting."
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For Fatburger and others, Obamacare delay came too late
New York (CNNMoney) - Delaying the Obamacare employer mandate has simply put off rules business had already started adjusting to.
Under the Affordable Care Act, companies with 50-plus full-time employees must start offering them health insurance or face stiff penalties. The employer mandate had been set to kick in January 2014, but was pushed back a year.
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Businesses could shun Obamacare exchanges
New York (CNNMoney) - Small businesses were no great fans of Obamacare - but at least they liked the promise of the health exchanges. Now, some of the benefits might not appear for at least a year.
By 2014, two kinds of health exchanges are scheduled to be up and running: One for individuals and one for small businesses.
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Businesses hate higher taxes but say they'll take the hit
New York (CNNMoney) - They hate the idea of higher taxes, but some small business owners say they can handle paying a little more.
That's how they feel about President Obama's plan to raise tax rates on income above $200,000, which would mean a higher tax bill for some businesses, including the Uptown Cheapskate retail franchise started by Chelsea Sloan.
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Businesses' fiscal cliff fear: The payroll tax cut
New York (CNNMoney) - Of all the fiscal cliff issues, there's one that scares small businesses most of all: The end of the payroll tax holiday.
The tax comes from worker paychecks and funds Social Security. For the past two years, workers have been paying a rate of 4.2%. In 2013, the rate is set to rise back to 6.2% on the first $113,700 in wages.
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Fiscal cliff could bring paycheck scramble
New York (CNNMoney) - The longer Congress waits to avoid the fiscal cliff, the more complicated it will be for businesses to figure out how much to pay workers early next year.
The confusion poses the biggest threat to the nation's 27 million small businesses, because the vast majority do their own payroll. That means they'll have to understand what Congress decides and calculate the changes fast.
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Romney's immigration policy would add a hiring hurdle
New York (CNNMoney) - Mitt Romney promises less regulation on small businesses, but the immigration plan he supports would add an extra step to the hiring process.
Romney has said the nation should follow immigration rules like those in Arizona, where companies are forced to use a federal government program called E-Verify. Business owners are required to check the legal status of all new workers against Social Security and immigration records.
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Fiscal cliff threatens small businesses
New York (CNNMoney) - Potential massive cuts in federal spending are still months away, but some small businesses that rely on government contracts are already feeling the pinch.
The looming cutbacks - part of the "fiscal cliff" - are causing firms to slow business or shrink production and could threaten jobs, according to company owners.
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Even health reform critics say quit repeal talk
New York (CNNMoney) - The Supreme Court's decision on health reform brought a sigh of relief from small businesses. Whether they love or hate the new rules, they like certainty.
They could draw up business plans for next year. They could choose to hire or not.
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