Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Senate shoots down Buffet Rule:The Senate rejected consideration Monday of the “Buffet rule,” which calls for a minimum tax rate on those annually making more than $1 million. The outcome was the first phase of a week-long congressional discussion about taxes, timed to coincide with Tuesday’s deadline for submitting federal tax returns.
Small firms want simpler taxes over less costly ones: Small business owners’ biggest beef with Uncle Sam isn’t the amount of taxes they pay, but rather how complicated it is to file those taxes, according to a new survey from the National Small Business Association. The majority of respondents (56 percent) chose some type of administrative burden as the top tax challenge, while 44 percent cited the financial burden.
Dartmouth president tapped to lead World Bank: The World Bank named Dartmouth College President Jim Yong Kim its new chief on Monday after an unprecedented competition against nominees from Nigeria and Colombia. A native of South Korea, he will be only the second World Bank president born outside the United States.
Keep an eye ‘on’:
SBA seeking small business videos:The Small Business Administration is looking for videos from small companies that show how they have been helped by the agency’s programs or services. Three winning submissions will air during a Google+ Hangout hosted by the SBA and the White House with Administrator Karen Mills on May 24.
Apps seeping into the professional workplace: An increasing number of businesses are adopting a mobile-first mentality to capitalize on the popularity of tablets and smartphones, according to a new report from Capital Business. Often, that means deploying apps or mobile-oriented software for away-from-the-desk use, sometimes including ones built by the companies themselves.
Helpful advice ‘on’:
How Post Office changes may affect small firms (OSB)
How to balance privacy and security at work (Open Forum)
How to start driving traffic to your site (Small Biz Bee)
How to better manage your millennial employees (Inc.)
How partnerships can extend your ad budget (Entrepreneur)