Without Congressional action, 9 out of 10 small businesses will face a massive tax hike when the 20% Small Business Deduction expires in 2025. NFIB members Wendy and Marci Bittner of LOSHAW Thermal Technology join to share what the 20% Small Business Deduction has allowed them to do and what it will mean to their business if the deduction is allowed to expire at the end of 2025. Representative Lloyd Smucker discusses why this issue is so important to him and his constituents, and NFIB’s Director of Government Relations Lauren Hancock provides an update on NFIB’s advocacy efforts.

Take Action: Join over 80,000 small business owners in signing NFIB’s petition to make the 20% Small Business Deduction permanent.

Learn more about the issue and status at SmallBusinessDeduction.com

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

Social media can be used to expand the reach and awareness of any small business, but it can be difficult to get started and create effective posts for your ideal followers. Financial Literacy Coach and Profit Strategist Jamie Trull shares her first-hand experience using social media to expand her small business. She also provides tips for what platform to start with, how to leverage content, and transitioning followers into customers.

During this episode, Jamie points listeners to several resources, including:
· A free guide to reducing taxes for business owners: JamieTrull.com/TaxGuide
· A financial literacy Facebook group: https://jamietrull.com/group
· Her YouTube channel: https://www.youtube.com/@JamieTrull
· Her Instagram profile: https://instagram.com/jamie.trull

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

NFIB experts dive into current legislation, small business court cases, and the latest research findings. Hear from Beth Milito, Executive Director of the NFIB Small Business Legal Center, Holly Wade, Executive Director of the NFIB Research Center, and Jeff Brabant, NFIB Vice President of Federal Government Relations on the status of key federal small business issues.

Take action:

• Stop the massive tax hike by using our simple email tool to tell your lawmakers in Congress to make the 20% Small Business Deduction permanent.
• Urge Congress to pass legislation to repeal the new beneficial ownership reporting regulation.
• Email the Small Business Legal Center with any questions: info@nfib.org
• Take action using our simple email tool to contact your lawmakers about issues like healthcare costs, swipe fees, and more through NFIB’s Advocacy Center.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

Government mandated wage increases can be a major concern for small businesses as they seek to operate their business, hire, and keep employees. NFIB member and owner of Everyday Fitness in Redding, California, Larry Fuqua, NFIB State Director John Kabateck, and Vice President of State Government Relations Tim Goodrich dive into the impact of minimum wage increases in California and how the changes in California have a national impact. Larry explains changes his business has made to accommodate minimum wage increases, including tips for other small businesses responding to similar wage mandates.

Take action:

• Share your small business viewpoint on minimum wage nationwide in a survey.
• Learn more at NFIB.com/CA and in California, vote no on Proposition 32 in November. Learn more about Proposition 32 here.
• Share your California small business viewpoint on minimum wage in a short NFIB survey.

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

NFIB member Jared Cochran shares his experience adapting his small business to the ever-changing online marketplace. Jared and his family own Speed Fabrication, a metal fabrication company and The Fixx, a salon and spa in their Missouri community. He explains some of the best and most challenging parts of owning a small business, how he got started selling on Etsy, and the changes he’s noticed along the way.

Take action and tell Congress to support small businesses by stopping Big Tech’s anticompetitive behavior: https://www.nfib.com/advocacy/now/?vvsrc=%2fCampaigns%2f113294%2fRespond

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

The U.S. Department of Labor (DOL) released a new overtime rule that took effect July 1. NFIB Small Business Legal Center Executive Director Beth Milito and Senior Attorney Rob Smith join this episode to discuss the details of the new rule and what it means for small businesses. They also answered common questions from small business owners about compliance on issues like worker classification, choosing salary versus hourly status, and hiring teenagers for seasonal help.

• Send questions on the status of the DOL’s new overtime rule to info@nfib.org
• Get more information about the new overtime rule in a recent webinar: https://www.nfib.com/webinars/new-overtime-rule-effective-july-1-2024-what-small-businesses-need-to-know/
• Get answers to questions about compliance with Wage and Hour laws: https://assets.nfib.com/nfibcom/Wage-and-Hour-Laws-Guide.pdf

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

NFIB’s annual Fly-In took place in Washington D.C. on June 11-12. Over 100 NFIB members gathered to hear expert speakers and meet with lawmakers on Capitol Hill. NFIB President Brad Close and Vice President of Federal Government Relations Jeff Brabant talk about the event and the two issues small business owners discussed with congressional offices during the Fly-In. Those issues included repealing the new national small business registry and stopping a massive tax increase planned for small businesses.

Sign NFIB’s petition telling Congress to make the 20% Small Business Deduction permanent: https://www.nfib.com/advocacy/now/?vvsrc=%2fPetitions%2f4124%2fRespond

Urge Congress to support the bill to repeal the new national small business registry requirement: https://www.votervoice.net/NFIB/Campaigns/107617/Respond

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org. 

Inflation is the top problem for small business owners and has consistently ranked as one of their top two concerns since November 2021. To help small businesses fight inflation, NFIB called on Congress and the White House to take action in five ways. NFIB Research Center Executive Director Holly Wade and Federal Government Relations Vice President Jeff Brabant provide an economic overview, explain why navigating inflation is challenging for small businesses, and how these five steps by Congress and the White House will help reduce inflation.

More information on the top five list: https://strgnfibcom.blob.core.windows.net/nfibcom/Inflation-One-Pager.pdf

Take Action:

• Reduce burdensome regulations: https://www.votervoice.net/NFIB/campaigns/113396/respond
• Make the 20% Small Business Deduction permanent: https://www.nfib.com/advocacy/now/?vvsrc=%2fPetitions%2f4124%2fRespond
• Support adding competition into the credit card marketplace and lower swipe fees: https://www.votervoice.net/NFIB/campaigns/97182/respond
• Lower healthcare costs and provide more transparency: https://www.votervoice.net/NFIB/campaigns/108597/respond

To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.