ResidentialBusiness

A reader writes: I am a senior administrator, with a team of 10. Most of the positions that I supervise are entry level, a lot of recent college grads. I am happy to have these folks on my team and enjoy mentoring them. Generally, I expect people to stay in this role for 2-5 years before advancing to a different department or a different company, sometimes a different field altogether. Last year, a woman who had been working on my team for five years, Milly, let me know that she was looking for a new job with more growth. I encouraged her and said that I was happy to help however I could and to serve as a reference. She was generally a good employee. While she needed a lot of coaching on professional norms and communication, I expect that in this role, and she had shown growth in her time here. A few months later, Milly went to my grandboss with a litany of complaints about me and the job, none of which she had ever brought up to me in any way. He referred the issue to my direct supervisor, and we met to discuss her concerns. Many of them had to do with confusion around exempt vs non-exempt employees. At the time, we put some things in place to help with some of her biggest complaints around scheduling and communication. A few months later she quit, and on her way out she went full scorched earth on me to my direct supervisor. There were dozens of complaints about me, my team, and the department, most of which were objectively and demonstrably not true. Several were things that I could easily prove were simply fabrications. I certainly have growth areas, but many of her complaints were things that I’ve never heard from anyone I’ve managed in 20 years of management. That said, I really sat with all the feedback and tried to lift out what was true. I processed it with my supervisor (who I have a great relationship with). I made some structural changes that I think have really helped our team (including clarifying roles and lines of communication) that were probably overdue. Things are good. Recent reviews and surveys indicate that the team is happy. That was six months ago. I am now hiring for a recently created position that is a middle management position. This position and I will work very closely together. Shortly after the position was posted publicly, Milly applied for it. How do I proceed with this hiring process in a way that is fair? Before she left, I probably would have considered her for this role, but would have had reservations about her communication and professionalism. Those reservations have only increased since she left since I’ve also learned some things since she left that demonstrate questionable judgment in her previous role. I have a committee that will help with the hiring, so it won’t be down to me alone, but ultimately I will have the final say on who we hire. I think it’s unlikely that Milly will emerge as a top candidate, although she does have some good friends who will be part of that process. I want to give her a fair chance, but I also can’t imagine working so closely with someone who said such awful things about me. I also worry that if she is not selected it may look like retaliation. What is the best way for me to proceed? You can just say no. You don’t need to meet some outside standard of objectivity where you pretend that you don’t have the knowledge about Milly that you do have, or where you assess her the way you would if you had never worked together. It is completely normal for a manager to consider what they know about a candidate from working with them previously and to decide, based on that experience, that they don’t want to hire them again, and not to advance them in the hiring process as a result. You don’t need to go through the charade of interviewing her; that’s a waste of your time and her time. And really, offering her an interview out of “fairness” sends her a message that’s strangely out of sync with the reality of the situation, which is that if you tell a bunch of lies as you leave a job, you’ve burned that bridge and that manager isn’t going to want to rehire you later. (Frankly, it’s bizarre that Milly applied for the position at all, if she realizes that you’re the manager of it! Which might be further illustration that her judgment is weird, which you already knew.) Even though you’re part of a hiring committee, if you’re the manager for the open position, you are on very solid ground in saying, “I worked with Milly in the past, we did not wok together well, and I am not interested in bringing her back.” It would be highly unusual for the rest of the hiring committee to push back on that as long as you’re known to have good judgment, but if you need to enlist your manager in backing you up, do. If anything, I’d think your manager would be surprised to learn you’re even considering interviewing her! You said that you’re worried not hiring her will look retaliation, but it’s not retaliation to factor in firsthand knowledge of a former employee. It’s an expected and natural outcome. The post do I have to hire an employee who went scorched earth after she left? appeared first on Ask a Manager. View the full article

Meta chief seeks to reassure disillusioned employees after culling 8,000 rolesView the full article

Critics claim scheme is an illegal use of taxpayers’ moneyView the full article

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Based on our analysis of the Zillow Home Value Index, U.S. home prices are up 0.7% year over year between April 2025 and April 2026. That year-over-year pace is the same as it was a year ago—back in April 2025, when the national year-over-year home price growth rate was 0.7%. And it’s up slightly from the recent year-over-year low of -0.01% in August 2025. In the first half of 2025, the number of major metro-area housing markets seeing year-over-year declines climbed. That count has since stopped ticking up. 31 of the nation’s 300 largest housing markets (i.e., 10% of markets) had a falling year-over-year reading in the January 2024 to January 2025 window. 42 of the nation’s 300 largest housing markets (i.e., 14% of markets) had a falling year-over-year reading in the February 2024 to February 2025 window. 60 of the nation’s 300 largest housing markets (i.e., 20% of markets) had a falling year-over-year reading in the March 2024 to March 2025 window. 80 of the nation’s 300 largest housing markets (i.e., 27% of markets) had a falling year-over-year reading in the April 2024 to April 2025 window. 96 of the nation’s 300 largest housing markets (i.e., 32% of markets) had a falling year-over-year reading in the May 2024 to May 2025 window. 110 of the nation’s 300 largest housing markets (i.e., 36% of markets) had a falling year-over-year reading in the June 2024 to June 2025 window. 105 of the nation’s 300 largest housing markets (i.e., 36% of markets) had a falling year-over-year reading in the July 2024 to July 2025 window. 109 of the nation’s 300 largest housing markets (i.e., 35% of markets) had a falling year-over-year reading in the August 2024 to August 2025 window. 105 of the nation’s 300 largest housing markets (i.e., 35% of markets) had a falling year-over-year reading in the September 2024 to September 2025 window. 105 of the nation’s 300 largest housing markets (i.e., 35% of markets) had a falling year-over-year reading in the October 2024 to October 2025 window. 98 of the nation’s 300 largest housing markets (i.e., 33% of markets) had a falling year-over-year reading in the November 2024 to November 2025 window. 106 of the nation’s 300 largest housing markets (i.e., 35% of markets) had a falling year-over-year reading in the December 2024 to December 2025 window. 100 of the nation’s 300 largest housing markets (i.e., 33% of markets) had a falling year-over-year reading in the January 2025 to January 2026 window. 99 of the nation’s 300 largest housing markets (i.e., 33% of markets) had a falling year-over-year reading in the February 2025 to February 2026 window. 89 of the nation’s 300 largest housing markets (i.e., 30% of markets) had a falling year-over-year reading in the March 2025 to March 2026 window. 81 of the nation’s 300 largest housing markets (i.e., 27% of markets) had a falling year-over-year reading in the April 2025 to April 2026 window. As you can see above, in the first half of 2025, there was a notable increase in the number of housing markets slipping into year-over-year price declines as the supply–demand equilibrium (as measured by inventory) shifted more quickly toward homebuyers. Over the past 10 months, however, the list of declining markets has begun to stabilize, and inventory growth has also decelerated. Based on seasonally adjusted month-over-month prints, ResiClub expects the number of markets with year-over-year price declines to decrease more in the coming months. Home prices are still climbing a little, year over year, in many regions where active inventory remains well below pre-pandemic 2019 levels, such as pockets of the Northeast and Midwest. In contrast, some pockets in states like Texas, Florida, and Colorado—where active inventory exceeds pre-pandemic 2019 levels by a solid clip—are seeing modest home price pullbacks or flat pricing. Click here for an interactive version of the chart below. We should point out that it’s possible for a metro with falling year-over-year home prices to already be done seeing seasonally adjusted month-over-month home price declines (at least for the time being)—or to have turned the corner in some areas of the metro. For example, the core of San Francisco has seen notable pricing and buyer activity this spring, even while the broader metro remains down slightly, year over year, and weakness persists in Oakland. Many of the housing markets seeing the most softness, where homebuyers have gained the most leverage, are primarily located in Sunbelt regions, particularly the Gulf Coast and Mountain West. Many of these areas saw even greater price surges during the pandemic housing boom, with home price growth outpacing local income levels. As pandemic-driven domestic migration slowed and mortgage rates rose in 2022, markets like Austin and Tampa, Florida, faced challenges, relying on local income levels to support frothy home prices. That Sunbelt softening was further compounded by an abundance of new home supply in the Sunbelt. Builders are often willing to lower prices or offer affordability incentives to maintain sales, which also has a cooling effect on the resale market. As a result, some buyers who might have previously opted for existing homes are instead choosing new construction with more attractive deals—which added further upward pressure to resale inventory growth over the past few years. Of course, while 81 of the nation’s 300 largest metro-area housing markets are seeing year-over-year home price declines, another 219 are seeing year-over-year home price increases. Where are home prices still up on a year-over-year basis? See the map below. Below is a historical chart showing the year-over-year change in home prices across the 50 largest metro housing markets, with the yellow line representing the national aggregate, dating back to 2000. While the “range” [see chart above] between the strongest and weakest metro-area housing markets right now is fairly normal, historically speaking, the “bifurcation” (i.e., direction) itself—the share of markets with rising home prices versus those with falling prices—is wider than normal, given that national appreciation has stabilized into a softer market with growth barely above 0%. And the longer some markets remain in the “rising” camp while others stay in the “falling” camp, the wider the gulf can become between the relatively more resilient markets and the weaker ones. For example, home prices in the Hartford, Connecticut, metro area are now 24 % above their 2022 peak, while home prices in the Austin metro area sit 27.5% below their 2022 peak. Some of that “bifurcation” boils down to mean reversion, with many of the outright home price declines occurring in markets that overheated further during the pandemic housing boom. Note: For the historical chart below, we analyzed the 200 largest markets rather than the 300 used above, as some markets ranked 201 to 300 lack complete data going back to 2000. When weighted by population (not visualized), the housing market appears slightly weaker than the chart below suggests—which aligns with the fact that, among just the 50 largest housing markets, 24 (48%) are currently posting negative year-over-year price growth, and nationally aggregated home prices are up just 0.7% year over year using the Zillow Home Value Index. View the full article

I'm strongly in favor of using password managers to store your credentials, but, so far, I've resisted the prompts that ask me to switch to passkeys—even though passkeys are better than passwords in just about every way. You don't need to remember or store a long string of random characters if you use passkeys, because they don't actually use a password at all. Instead, you use your device's authentication method, such as a face scan, a device passcode, or fingerprint unlock, to log in to your accounts. Passkeys are also more resistant to phishing attacks because your password manager won't let you use a passkey to log in to dummy websites created by scammers. Despite these benefits, the big dealbreaker for me was that you could not move your passkeys from one app to another. If you want to change password managers, you can easily move your passwords from one to the other, but the same wasn't true for passkeys—at least, until now. The FIDO Alliance, an industry body focused on secure authentication, created a set of specifications that let you move your passkeys from one app to another, reducing this friction. As it happens, Apple was among the first to ship this feature with the release of iOS 26 late last year. An import/export option only truly works when all the big players support it, and in recent months, most of the big password management apps have integrated this feature. I tested it by moving my passkeys from Apple Passwords to 1Password, and the process worked well enough to convince me to finally embrace passkeys. If I choose to replace my password manager tomorrow, I won't have to worry about being locked in thanks to my passkeys. Here's how it works with Apple Passwords. How to export passkeys from Apple Passwords Credit: Pranay Parab To start, install and set up the new password manager on the same Apple device as the one with your Passwords app containing your passkeys. Then, open Passwords, navigate to the home screen, tap the three dots in the top-right corner, and select Export Data to Another App. Manually select all the login items that have a passkey, or select all of your passwords if you wish to. Tap Continue when you're done, and you'll reach the "Export Passwords" page. Select Continue on this page, too. You'll see a list of password management apps that support this feature, and you can select the one you want to export to. I chose 1Password, and my passkeys followed suit. In Passwords for Mac, you can find this feature under File > Export Selected Items to App. How to import passkeys into Apple Passwords Credit: Pranay Parab If you want to move your passkeys from other password management apps, you'll have to open those apps and use their export feature. This feature is often buried deep in settings pages, so you should check the user manuals or guides on your password manager's site to confirm how this is done. Some apps don't allow you to export select passkeys, and may instead force you to export all of your data from one app to another. Once you find the export feature in your password manager app, you'll come across the same "Export Passwords" page as Apple Passwords. Hit Continue, and the app will show you a list of password managers. Pick Passwords, then choose Continue once again. In Passwords for Mac, you can find this feature under File > Import Passwords from File. View the full article

Calculating estimated taxes as a self-employed individual can feel overwhelming, but it doesn’t have to be. First, you’ll need to estimate your annual income and identify your eligible deductions to find your adjusted gross income. Once you have that, you can determine your income tax liability and calculate your self-employment tax. Comprehending these steps is essential for managing your finances effectively. So, what comes next in the process? Let’s break it down further. Key Takeaways Estimate your annual income by summing all earnings from self-employment and record all deductible business expenses. Calculate your adjusted gross income (AGI) by subtracting eligible deductions from your total income. Determine your income tax liability by multiplying your AGI by the applicable income tax rate. Calculate self-employment tax by taking 92.35% of net profit and multiplying it by 15.3%. Combine your income tax liability and self-employment tax to find your total estimated tax for quarterly payments. Understanding Self-Employment Tax When you’re self-employed, comprehending self-employment tax is essential for managing your finances effectively. This tax combines Social Security and Medicare taxes, totaling 15.3% on your net earnings exceeding $400. The Social Security portion is 12.4%, applicable to net income up to $176,100 for 2025, whereas the Medicare portion is 2.9% without any income limit. To accurately determine your self-employment tax, you need to use IRS Schedule SE when filing your annual tax return. If your income surpasses certain thresholds, you might additionally face an Additional Medicare Tax of 0.9% on earnings over $200,000 for single filers and $250,000 for joint filers. Grasping these components helps you create a reliable estimate of total tax liability and plan for your estimated taxes for self-employed individuals. Being proactive about self-employment tax guarantees you’re prepared for your financial responsibilities. Estimating Your Annual Income and Expenses Estimating your annual income and expenses is crucial for effective financial management as a self-employed individual. To accurately assess your financial situation, consider the following: Sum all earnings from self-employment, including 1099 forms and other income sources. Keep detailed records of deductible business expenses, such as office supplies and travel. Regularly review your finances to avoid underpayment penalties. Utilize an estimated quarterly tax calculator to streamline your tax return estimate. Calculating Your Estimated Tax Liability Calculating your estimated tax liability is a key step in managing your finances as a self-employed individual. Start by estimating your annual income and subtracting eligible deductions to find your adjusted gross income (AGI). Next, multiply your AGI by the applicable income tax rate to determine your income tax liability. To calculate self-employment tax, take 92.35% of your net profit and multiply it by the self-employment tax rate of 15.3%. Combine your income tax liability and self-employment tax to get your total estimated tax liability for the year. Here’s a simple breakdown: Step Calculation Result Income Tax Liability AGI x Tax Rate Income Tax Self-Employment Tax 92.35% of Net Profit x 15.3% Self-Employment Tax Total Estimated Tax Income Tax + Self-Employment Tax Total Tax Liability To find your quarterly payment, divide your total estimated tax by four. Comprehending the meaning of quarterly payment will help you avoid penalties. So, how do I estimate my tax liability? Follow these steps! Making Quarterly Payments Making quarterly payments is vital for self-employed individuals who expect to owe $1,000 or more in taxes for the year. To avoid penalties, it’s important to pay quarterly on time. Here’s what you need to know: Payment Deadlines: Payments are due April 15, June 16, September 15, and January 15 of the following year. Payment Methods: You can pay online via the Electronic Federal Tax Payment System (EFTPS), by mail using Form 1040-ES, or through the IRS2Go app. Calculating Payments: Estimate your annual income, subtract deductions, and divide your total tax liability by four. Penalties: Missing payments can lead to an estimated payment penalty of 0.5% per month, potentially reaching 25% of the unpaid amount. Using an underpayment penalty calculator can help you gauge if you owe any penalties, ensuring you stay compliant during managing your taxes. Tips for Reducing Your Taxable Income Reducing your taxable income is crucial for self-employed individuals, as it can lead to considerable savings on your overall tax liability. To help you maximize your deductions, consider these strategies: Deduction Type Key Benefits Qualified Business Income (QBI) Deduct up to 20% of your qualified business income. Self-Employment Tax Claim half of your self-employment tax as an adjustment. Home Office Deduction Deduct a portion of your home expenses related to your workspace. Health Insurance Premiums Deduct premiums if you’re self-employed and not covered by an employer. Additionally, keep track of your business-related vehicle expenses and choose between the standard mileage rate or actual expenses. These deductions can greatly impact your state income estimated taxes and help you avoid underpayment penalties related to safe harbor tax withholding. Frequently Asked Questions How to Calculate How Much Tax to Pay Self-Employed? To calculate how much tax to pay as a self-employed individual, start by estimating your annual income and subtracting any deductions. This gives you your adjusted gross income. Next, find your income tax liability by applying the relevant tax rate to that figure. Don’t forget to calculate self-employment tax based on your net earnings. Finally, sum both tax amounts to determine your total liability for the year, then divide it by four for quarterly payments. Do You Have to Pay Estimated Taxes if You Are Self-Employed? Yes, you have to pay estimated taxes if you’re self-employed and expect to owe $1,000 or more in taxes for the year. These payments cover both self-employment and income taxes, due quarterly. If your net earnings exceed $400, you’ll likewise owe self-employment tax, calculated at 15.3% on 92.35% of your net profits. Failing to make these payments can lead to penalties, so it’s important to stay on top of your obligations. What Is the 90% Rule for Estimated Tax Payments? The 90% Rule allows you to avoid underpayment penalties by ensuring your estimated tax payments equal at least 90% of your total tax liability for the current year. This method helps you adjust for fluctuating income, as it lets you base payments on your current earnings. Nevertheless, if your actual tax owed is lower than expected, you might still face penalties if you didn’t meet the 90% threshold. Is Self-Employment Tax 15% or 30%? Self-employment tax is 15.3%, not 30%. This rate includes 12.4% for Social Security and 2.9% for Medicare. You only pay this tax on net earnings exceeding $400. It’s important to keep in mind that self-employment tax differs from personal income tax, which can vary based on deductions and income levels. Furthermore, high earners may face an extra 0.9% Medicare tax if their income exceeds specific thresholds. Comprehending these distinctions is essential for accurate tax planning. Conclusion To summarize, calculating estimated taxes as a self-employed individual involves several key steps, including estimating your income, determining deductions, and calculating both your income tax and self-employment tax. By comprehending these components, you’re better equipped to manage your finances and meet your tax obligations. Remember to make quarterly payments to avoid penalties, and consider strategies to reduce your taxable income. Staying organized and informed can lead to more effective tax management throughout the year. Image via Google Gemini This article, "How to Calculate Estimated Taxes for Self Employed Individuals" was first published on Small Business Trends View the full article

Calculating estimated taxes as a self-employed individual can feel overwhelming, but it doesn’t have to be. First, you’ll need to estimate your annual income and identify your eligible deductions to find your adjusted gross income. Once you have that, you can determine your income tax liability and calculate your self-employment tax. Comprehending these steps is essential for managing your finances effectively. So, what comes next in the process? Let’s break it down further. Key Takeaways Estimate your annual income by summing all earnings from self-employment and record all deductible business expenses. Calculate your adjusted gross income (AGI) by subtracting eligible deductions from your total income. Determine your income tax liability by multiplying your AGI by the applicable income tax rate. Calculate self-employment tax by taking 92.35% of net profit and multiplying it by 15.3%. Combine your income tax liability and self-employment tax to find your total estimated tax for quarterly payments. Understanding Self-Employment Tax When you’re self-employed, comprehending self-employment tax is essential for managing your finances effectively. This tax combines Social Security and Medicare taxes, totaling 15.3% on your net earnings exceeding $400. The Social Security portion is 12.4%, applicable to net income up to $176,100 for 2025, whereas the Medicare portion is 2.9% without any income limit. To accurately determine your self-employment tax, you need to use IRS Schedule SE when filing your annual tax return. If your income surpasses certain thresholds, you might additionally face an Additional Medicare Tax of 0.9% on earnings over $200,000 for single filers and $250,000 for joint filers. Grasping these components helps you create a reliable estimate of total tax liability and plan for your estimated taxes for self-employed individuals. Being proactive about self-employment tax guarantees you’re prepared for your financial responsibilities. Estimating Your Annual Income and Expenses Estimating your annual income and expenses is crucial for effective financial management as a self-employed individual. To accurately assess your financial situation, consider the following: Sum all earnings from self-employment, including 1099 forms and other income sources. Keep detailed records of deductible business expenses, such as office supplies and travel. Regularly review your finances to avoid underpayment penalties. Utilize an estimated quarterly tax calculator to streamline your tax return estimate. Calculating Your Estimated Tax Liability Calculating your estimated tax liability is a key step in managing your finances as a self-employed individual. Start by estimating your annual income and subtracting eligible deductions to find your adjusted gross income (AGI). Next, multiply your AGI by the applicable income tax rate to determine your income tax liability. To calculate self-employment tax, take 92.35% of your net profit and multiply it by the self-employment tax rate of 15.3%. Combine your income tax liability and self-employment tax to get your total estimated tax liability for the year. Here’s a simple breakdown: Step Calculation Result Income Tax Liability AGI x Tax Rate Income Tax Self-Employment Tax 92.35% of Net Profit x 15.3% Self-Employment Tax Total Estimated Tax Income Tax + Self-Employment Tax Total Tax Liability To find your quarterly payment, divide your total estimated tax by four. Comprehending the meaning of quarterly payment will help you avoid penalties. So, how do I estimate my tax liability? Follow these steps! Making Quarterly Payments Making quarterly payments is vital for self-employed individuals who expect to owe $1,000 or more in taxes for the year. To avoid penalties, it’s important to pay quarterly on time. Here’s what you need to know: Payment Deadlines: Payments are due April 15, June 16, September 15, and January 15 of the following year. Payment Methods: You can pay online via the Electronic Federal Tax Payment System (EFTPS), by mail using Form 1040-ES, or through the IRS2Go app. Calculating Payments: Estimate your annual income, subtract deductions, and divide your total tax liability by four. Penalties: Missing payments can lead to an estimated payment penalty of 0.5% per month, potentially reaching 25% of the unpaid amount. Using an underpayment penalty calculator can help you gauge if you owe any penalties, ensuring you stay compliant during managing your taxes. Tips for Reducing Your Taxable Income Reducing your taxable income is crucial for self-employed individuals, as it can lead to considerable savings on your overall tax liability. To help you maximize your deductions, consider these strategies: Deduction Type Key Benefits Qualified Business Income (QBI) Deduct up to 20% of your qualified business income. Self-Employment Tax Claim half of your self-employment tax as an adjustment. Home Office Deduction Deduct a portion of your home expenses related to your workspace. Health Insurance Premiums Deduct premiums if you’re self-employed and not covered by an employer. Additionally, keep track of your business-related vehicle expenses and choose between the standard mileage rate or actual expenses. These deductions can greatly impact your state income estimated taxes and help you avoid underpayment penalties related to safe harbor tax withholding. Frequently Asked Questions How to Calculate How Much Tax to Pay Self-Employed? To calculate how much tax to pay as a self-employed individual, start by estimating your annual income and subtracting any deductions. This gives you your adjusted gross income. Next, find your income tax liability by applying the relevant tax rate to that figure. Don’t forget to calculate self-employment tax based on your net earnings. Finally, sum both tax amounts to determine your total liability for the year, then divide it by four for quarterly payments. Do You Have to Pay Estimated Taxes if You Are Self-Employed? Yes, you have to pay estimated taxes if you’re self-employed and expect to owe $1,000 or more in taxes for the year. These payments cover both self-employment and income taxes, due quarterly. If your net earnings exceed $400, you’ll likewise owe self-employment tax, calculated at 15.3% on 92.35% of your net profits. Failing to make these payments can lead to penalties, so it’s important to stay on top of your obligations. What Is the 90% Rule for Estimated Tax Payments? The 90% Rule allows you to avoid underpayment penalties by ensuring your estimated tax payments equal at least 90% of your total tax liability for the current year. This method helps you adjust for fluctuating income, as it lets you base payments on your current earnings. Nevertheless, if your actual tax owed is lower than expected, you might still face penalties if you didn’t meet the 90% threshold. Is Self-Employment Tax 15% or 30%? Self-employment tax is 15.3%, not 30%. This rate includes 12.4% for Social Security and 2.9% for Medicare. You only pay this tax on net earnings exceeding $400. It’s important to keep in mind that self-employment tax differs from personal income tax, which can vary based on deductions and income levels. Furthermore, high earners may face an extra 0.9% Medicare tax if their income exceeds specific thresholds. Comprehending these distinctions is essential for accurate tax planning. Conclusion To summarize, calculating estimated taxes as a self-employed individual involves several key steps, including estimating your income, determining deductions, and calculating both your income tax and self-employment tax. By comprehending these components, you’re better equipped to manage your finances and meet your tax obligations. Remember to make quarterly payments to avoid penalties, and consider strategies to reduce your taxable income. Staying organized and informed can lead to more effective tax management throughout the year. Image via Google Gemini This article, "How to Calculate Estimated Taxes for Self Employed Individuals" was first published on Small Business Trends View the full article

Watch an exclusive 30-minute webinar for Modern CEO subscribers featuring Matt Fitzpatrick, CEO of Invisible Technologies, in conversation with Stephanie Mehta. Learn where AI is driving real business impact, how to separate hype from opportunity, and the key questions CEOs should be asking as AI adoption accelerates. View the full article

Female leveraged finance executive says allegations are concocted for ‘improper purpose of personal enrichment’View the full article

AI lab is preparing for $1tn listing with bankers Goldman Sachs and Morgan Stanley and lawyers at CooleyView the full article

And the layoffs continue: Intuit plans to axe 17% of its workforce, about 3,000 of its approximately 18,200 global employees (as of July 31, according to its annual report), Reuters reported Wednesday. The company said it will focus on accelerating integrating AI across the company and its services, while streamlining operations. The news is based on a an internal ‌memo sent to employees from CEO Sasan Goodarzi, which argued the move would help the software company behind TurboTax, QuickBooks, Credit Karma, and Mailchimp deliver better products. In an effort to restructure and streamline, Intuit is also reportedly closing key hubs in Reno, Nevada and Woodland Hills, California. The memo cites July 31 as the last day for impacted workers, who will reportedly receive a severance pay package that includes 16 weeks, plus two additional weeks for each year of employment. Fast Company has reached out to Intuit for comment. The move comes just hours before Intuit is due to report third-quarter earnings following Wednesday’s closing bell, and the same day Meta is notifying 8,000 employees of layoffs while canceling another 6,000 open roles. That’s amid a major wave of layoffs in the tech sector as Silicon Valley races to pivot toward AI-first restructuring. The tech industry has seen cuts at Cloudflare, Coinbase, and Upwork in just the last 10 days, and cuts at Amazon, Block, Microsoft, and Oracle already this year. But it’s not just tech workers that are being hit hard with layoffs. Since the beginning of May, Starbucks and retail giant Walmart have also confirmed layoffs. Shares of Intuit (Nasdaq: INTU) fell 5% in morning trading and were still down nearly 4% by midday Wednesday at the time of this writing. Intuit’s second-quarter earnings reported $4.7 billion in revenue, beating expectations of $4.53 billion, and up 17% year over year. Adjusted earnings per share (EPS) of $4.15 topped analyst estimates of $3.68. View the full article

The share of sellers dropping their asking price fell in April as buyer demand picked up, though Sun Belt markets — especially in Texas — still saw widespread price cuts. View the full article

Small business owners looking to thrive in a competitive landscape should take note of findings from Square’s recent 2026 Local Economy Report. The report reveals crucial insights into consumer behavior that can empower local businesses to turn infrequent visitors into loyal customers. A staggering 65% of customers rank affordability as the main reason for returning to local establishments. However, price is just part of the equation. High-quality products (54%) and exceptional service (44%) significantly enhance customer experiences, with 56% of consumers highlighting the importance of knowledgeable and attentive staff in making a local business memorable. “Lead with perceived value, and bolster the cost with an experience worth repeating,” the report suggests, indicating a clear path for operators regardless of their price point. Interestingly, the willingness of consumers to absorb price increases in exchange for added value is noteworthy. Seventy-two percent of surveyed individuals stated they would continue shopping at a local business, even if prices rose, as long as the increase came with improved quality and service. This trend reflects growing consumer loyalty toward businesses that prioritize value addition over mere cost-cutting. Frequent customers represent a substantial asset for small businesses. According to the report, customers who visit at least four times a year generate six times the annual revenue of a one-time visitor. This multiplier effect is even stronger in cities like Atlanta, where regular customers contribute seven times more in annual revenue. These loyal patrons also tend to tip 11% more than one-time visitors. In 2025, revenue from regular customers nationally saw a growth rate of 7.67%, which surpassed the overall revenue growth rate of 6.97%. The implications are immense for small business owners who are eager to cultivate a loyal customer base. With 24% of consumers expressing their intention to shop and dine locally more often in 2026, creating personalized and rewarding experiences can solidify these relationships and sustain businesses through economic fluctuations. Another positive indicator emerging from the report is the rise in tipping rates within the food and beverage sector. Average tips have steadily climbed from 14.85% in Q3 2025 to nearly 15% in Q1 2026. Bars have led this trend with tips averaging at 17.30%, while full-service restaurants garnered 14.82%. This growth signals that consumers are willing to express appreciation for memorable dining experiences, presenting an opportunity for businesses to enhance their service quality. Yet, challenges remain in leveraging these trends effectively. With an increase in local competition, small business owners must strike the right balance between affordability and experience. The challenge lies in ensuring that even while prices may rise in tandem with quality enhancements, the perception of value remains strong among consumers. To navigate these hurdles, focusing on training staff to be knowledgeable and attentive will be vital. As over half of consumers attribute memorable experiences to staff interactions, investing in employee development can amplify not only the customer experience but also overall business performance. Ultimately, the findings from Square’s report indicate that small business owners are well-positioned to harness emerging consumer trends. By emphasizing value, investing in quality, and prioritizing customer experiences, local businesses can turn transient visitors into loyal patrons. For more details, check out the full report at Square’s official site here. Image via Google Gemini This article, "Local Businesses Thrive as Consumers Seek Value and Connection, Says Square Report" was first published on Small Business Trends View the full article

Small business owners looking to thrive in a competitive landscape should take note of findings from Square’s recent 2026 Local Economy Report. The report reveals crucial insights into consumer behavior that can empower local businesses to turn infrequent visitors into loyal customers. A staggering 65% of customers rank affordability as the main reason for returning to local establishments. However, price is just part of the equation. High-quality products (54%) and exceptional service (44%) significantly enhance customer experiences, with 56% of consumers highlighting the importance of knowledgeable and attentive staff in making a local business memorable. “Lead with perceived value, and bolster the cost with an experience worth repeating,” the report suggests, indicating a clear path for operators regardless of their price point. Interestingly, the willingness of consumers to absorb price increases in exchange for added value is noteworthy. Seventy-two percent of surveyed individuals stated they would continue shopping at a local business, even if prices rose, as long as the increase came with improved quality and service. This trend reflects growing consumer loyalty toward businesses that prioritize value addition over mere cost-cutting. Frequent customers represent a substantial asset for small businesses. According to the report, customers who visit at least four times a year generate six times the annual revenue of a one-time visitor. This multiplier effect is even stronger in cities like Atlanta, where regular customers contribute seven times more in annual revenue. These loyal patrons also tend to tip 11% more than one-time visitors. In 2025, revenue from regular customers nationally saw a growth rate of 7.67%, which surpassed the overall revenue growth rate of 6.97%. The implications are immense for small business owners who are eager to cultivate a loyal customer base. With 24% of consumers expressing their intention to shop and dine locally more often in 2026, creating personalized and rewarding experiences can solidify these relationships and sustain businesses through economic fluctuations. Another positive indicator emerging from the report is the rise in tipping rates within the food and beverage sector. Average tips have steadily climbed from 14.85% in Q3 2025 to nearly 15% in Q1 2026. Bars have led this trend with tips averaging at 17.30%, while full-service restaurants garnered 14.82%. This growth signals that consumers are willing to express appreciation for memorable dining experiences, presenting an opportunity for businesses to enhance their service quality. Yet, challenges remain in leveraging these trends effectively. With an increase in local competition, small business owners must strike the right balance between affordability and experience. The challenge lies in ensuring that even while prices may rise in tandem with quality enhancements, the perception of value remains strong among consumers. To navigate these hurdles, focusing on training staff to be knowledgeable and attentive will be vital. As over half of consumers attribute memorable experiences to staff interactions, investing in employee development can amplify not only the customer experience but also overall business performance. Ultimately, the findings from Square’s report indicate that small business owners are well-positioned to harness emerging consumer trends. By emphasizing value, investing in quality, and prioritizing customer experiences, local businesses can turn transient visitors into loyal patrons. For more details, check out the full report at Square’s official site here. Image via Google Gemini This article, "Local Businesses Thrive as Consumers Seek Value and Connection, Says Square Report" was first published on Small Business Trends View the full article

My fellow Lifehacker writer Beth Skwarecki is a weightlifter. I'm a marathon runner. Together, we make one reasonably competent Hyrox athlete—and in a little over one week, we're going to find out if that's enough. Beth and I are competing together in a Hyrox doubles race on May 29. It's something of a joint experiment to see just how little training you can get away with before showing up to one of these things. Hopefully, we will each bring our respective strengths to the competition, cover for the other's weaknesses, and survive. But before we're put to the test, let's take a look at what proper Hyrox prep looks like, and the bare minimum you can (probably) get away with if you want to show up to a competition without a ton of training. What is Hyrox, exactly?Beth goes into more depth elsewhere, but here’s a quick primer on Hyrox. In brief, it's a running race combined with functional workout stations, repeated eight times. You run 1 km, hit a workout station, run another 1 km, hit another station, and so on. The stations include activities like sled pushes, rowing, burpee broad jumps, walking lunges, and wall balls. While each station may sound manageable on its own, they become far more difficult when your legs have already been tired out through multiple rounds. You can compete in Hyroc solo, in doubles, or as a relay team. Naturally, your strategy will depend on which format you’re attempting. For doubles specifically, both athletes run together, but you can split the functional movements however you want. That's where smart planning can make a real difference, and where Beth and I are currently scheming to the best of our ability. What does Hyrox training actually look like?You can sign up for a Hyrox-style class at your local gym and get a great hybrid workout without ever joining an official race. "A regular Hyrox class gives you a taste of the format and builds general fitness for the event," says Elaine Cotter, head trainer and manager at an F45 gym in Brooklyn. "A dedicated training plan is more structured and performance-focused—including specific running workouts, both endurance and interval focused, strength progression, race simulations, pacing, and recovery. Taking some classes here and there means 'I want to be ready.' A dedicated training plan means 'I want to race this well.'" If you're aiming to genuinely compete—that is, to push your time and finish strong—Cotter recommends starting at least 12 weeks out, and ideally, give yourself 16 weeks. That's enough runway to build a running base, develop muscular endurance across all the stations, and reduce injury risk. But what if you don't have 12 weeks? What if you have, say, one week? Can you do Hyrox without training at all?What’s the bare minimum of training a Hyrox athlete can hypothetically get away with? Well, in theory, "anyone with any running or strength training experience can complete a Hyrox," Cotter says. "Does that mean you may have to walk some of it or really take your time to recover in certain parts? Probably—but that's okay." Unlike Crossfit (to which it is constantly compared), Hyrox is fundamentally a running race. "The run is the limiting factor for most people, and it takes up the most time in the race," Cotter says. "So at bare minimum, you should be able to confidently run an 8K [about five miles] without getting super winded. Even a 10K [6.2 miles]...will help simulate the general endurance needed." Strength matters too, and you should be familiar enough with the movements to perform them safely. But at the end of the day, the run is where most people lose time and hit their wall. That said, Hyrox is far from a road race. You're doing things like heavy wall balls or sled pulls and then immediately going into a run. Running on such heavy legs is “the wildest feeling," Cotter says, "and it happens the entire time during the race." Practicing that sort of transition should be a priority leading up to race day. Can you prepare for Hyrox with studio classes alone?This one is relevant to Beth and me, since we've each taken about four or five Hyrox-specific classes in the lead-up to our race. Can our class attendance substitute for a dedicated 12-week training plan? Well, sort of—but only if you're also running. "F45 classes and Hyrox-focused training are awesome for building the strength, endurance, and engine needed for the race," Cotter says, "but in a class setting, you aren't necessarily getting the running required. If you are just taking classes with no running outside of that, I fear you will find the race quite challenging." Luckily, I was independently training for a half-marathon before we started this Hyrox journey, so I feel solid about my cardio. I know Beth has been prioritizing her runs the past few weeks, too. Anyone relying purely on studio classes without additional running should temper their expectations for race day. How long should you taper before a Hyrox race?I’m no stranger to taper madness. Especially if you know you've undertrained, the temptation is to keep cramming right up until race day. Unfortunately, that’s almost always a mistake. "The trap people fall into is thinking 'I'm underprepared, so I need to cram fitness until the last second,'" Cotter says. "But realistically, in the final week or two you're not building much new fitness—you're mostly deciding whether you show up tired or fresh." Her recommendation for someone who started training late is to lean toward a shorter taper. The focus should be on maintaining confidence and rhythm, rather than gaining fitness. In the final days, aim for shorter sessions of 20–30 minutes with some intensity and running, but avoid anything that will leave your legs sore. "Showing up slightly undertrained but recovered is usually better than showing up technically fitter but cooked." Her taper guidelines by length: 7 days: Ideal for most recreational athletes. 4–5 days: Probably fine, if training volume wasn't super high. 2–3 days: Survivable, but she wouldn't recommend going shorter than this. The bottom lineIf you're starting from scratch and want to do Hyrox well, give yourself 12 to 16 weeks to train, and build up your running base first. If you're doing a doubles race and already have some general fitness under your belt, you can probably survive on much less—provided you can handle an 8K and you know what you're getting into with the workout stations. (For Beth and me, there’s reason to hope that our complementary weaknesses and strengths will be well-suited to the doubles format. Beth will likely handle more of the heavy strength pieces—sled push, sled pull, lunges—while I keep us moving on the runs.) The final piece of advice is to have a plan for how you'll split each station before you arrive. Reps of 10? Reps of 5? Splits of 150 meters? Figure it out ahead of time so you're not negotiating mid-station with burning legs—and have the stronger runner finish each station so the person who struggles more on the run can get a little extra rest before the next one. (Plus, sitting down and strategizing is a great hack to distract yourself from the temptation to sabotage your taper.) How will all this theory work out in practice? We'll report back soon. View the full article

Airbnb is becoming Airb-n-bigger. In an attempt to become what is something of an all-encompassing trip platform, Airbnb announced several new features and offerings on Wednesday, including a redesigned homepage, new service categories (such as airport pickups, grocery-delivery options, luggage-storage, and car rentals, along with new experiences), and even the ability to book rooms at boutique or independent hotels. That’s right: the company that built a name for itself offering alternatives to hotels is now folding some of them into its platform. Airbnb inflates The new features are wide-ranging, and users can even take advantage of social elements, like the ability to add friends or family members as connections to see their previous itineraries. There’s a new AI assistant feature, too, and later this year, the platform will incorporate a travel map, which will allow users to see nearby points of interest, among other things. In all, Airbnb is making it easy to plan an entire trip on its platform—far beyond merely finding a place to stay. “It’s funny how it comes full circle,” says Jud Coplan, Airbnb’s VP of product marketing. “We’re adding boutique hotels, and Airbnb all started with an air bed.” Coplan says that the main idea behind the new upgrades and updates was to make it as easy as possible to organize and plan a trip, and to get inspired for future trips. The new features—such as the ability to book a private car for airport transfers, or finding a place to store luggage—were added in response to user feedback, as more and more people wanted to use the Airbnb platform for other aspects of their trip, not just finding and booking lodging. “Our expansion started last year in a big way,” says Coplan, referring to when Airbnb introduced Services and Experiences to the platform. “And we’re going much further this year. The idea remains the same, though: the things we offer, we have a very unique perspective on them, in that they’re provided by people, by hosts, and you can’t get the same experience anywhere else.” Creating separation from the other “everything” apps That’s an important detail, too, as Airbnb is facing other platforms that are likewise expanding into “everything” apps. Uber, for instance, recently announced a host of similar upgrades and new features—such as hotel bookings, Travel Mode, and more—taking it far beyond its original ride-hailing services. Coplan says that it’s the unique offerings made by hosts—and the company’s focus on curated experiences and other services—that will allow it to stand out among the competition going forward. “The thing that we do, that nobody else does, is put everything together in a travel app that feels different. We have a clear perspective on how to bring you on a journey,” he says, noting that each Airbnb host offers an experience that differs from the others, unlike most hotels or tourist-focused attractions. “We’re offering a thoughtful, well-designed journey through the app,” he says. “We’re not just trying to pipe in an API and get as many hotels on the platform as possible.” View the full article

Google’s new Lighthouse “Agentic Browsing” audits now check for the presence of an llms.txt file. The new experimental Lighthouse documentation frames llms.txt as a discoverability and efficiency signal for AI agents, not a traditional crawling directive. The audits are part of Chrome’s emerging “Agentic Browsing” category, which evaluates whether sites are structured for machine interaction. This document comes less than a week after Google published new guidance on optimizing for AI search features like AI Overviews and AI Mode, in which it said you don’t need llms.txt files in a mythbusting section of its new guide on optimizing for generative AI features. What Lighthouse now checks. Lighthouse’s Agentic Browsing category evaluates “how well your site is constructed for machine interaction” using deterministic audits, according to Google’s documentation. Among the checks: WebMCP integration. Accessibility tree integrity. Layout stability through CLS. Presence of an llms.txt file. Lighthouse checks for “the presence of a machine-readable summary at the domain root.” Google also explained why the file matters for agents: “Without llms.txt, agents may spend more time crawling the site to understand its high-level structure and primary content.” The audit category doesn’t produce a traditional Lighthouse score (0-100). Instead, Google surfaces a fractional pass ratio along with pass/fail checks tied to agentic readiness signals. The tension. The new Lighthouse documentation doesn’t directly conflict with Google’s advice on optimizing your website for generative AI features because these audits focus on AI agents and browser tools, not Google Search rankings. Still, seeing llms.txt mentioned in Chrome’s own readiness checks may cause some SEOs to rethink earlier doubts about the file. Agentic engine optimization. The Lighthouse audits also align with ideas Google Cloud AI engineering director Addy Osmani outlined in April around Agentic Engine Optimization. Osmani said AI agents with limited context windows may cut off long pages or miss important information buried too deep in content. Among his recommendations: Cleaner semantic structure. Token-efficient content. Markdown delivery. llms.txt discovery layers. Capability signaling files like AGENTS.md. SEO vs. llms.txt. Here’s exactly what Google recommends in Mythbusting generative AI search: what you don’t need to do: LLMS.txt files and other “special” markup: You don’t need to create new machine readable files, AI text files, markup, or Markdown to appear in generative AI search. Note that Google may discover, crawl, and index many kinds of files in addition to HTML on a website: this doesn’t mean that the file is treated in a special way. Here’s what Google’s John Mueller said about Google using llms.txt, in response to Lily Ray asking him on Bluesky “Hey @johnmu.com – if you can answer, many folks are pointing out the irony that Google uses LLMs.txt files, plus markdown pages, despite also saying these things are not needed for performance in search. Could you share why Google might publish these files, if not to make crawling those pages/sites easier for agents? (I’m sure I’ll be getting this question a ton soon!)”: The short answer is that it’s not done for search. There’s more to websites than just SEO :-). The longer & nuanced version is that it’s worth separating “discovery” (finding the website or pages with a global search engine) vs “functionality” (there’s probably a more accurate term for this, but basically: once someone has found the page, helping them to best do the task they want to do). Perhaps that’s similar to CTA’s on traditional pages? You don’t “do them” for SEO (to be found), but if you’re responsible for the website overall, ensuring a high “discovery rate” (SEO) together with a high conversion rate is useful to justify your work. To get back to the developers.google.com site, AI coding has gotten very popular, and these coding systems can be (I think) efficient and accurate with the code they produce if they can easily read / parse reference material, such as developer documentation. In those cases, it can help to give them a way to understand the context of the documentation they’re looking at, as well as a simplified version of the reference page (eg, in markdown). OF COURSE they can read HTML just fine, so this is imo more of a temporary crutch, perhaps to save some tokens. For non-developer sites, I don’t think this makes much sense, even with more agentic traffic in the future (and if you check your logs, you’re not getting a lot of that at the moment). Making a markdown version of a shoe’s specs is not going to get you more sales (competitors appreciate it tho). And (I know, nobody reads this far), if you think this is important to prepare for when agents are everywhere: your site (all sites) have much more important things to do for SEO than to prepare for a potential future situation that may or may not come. Prioritize needs before dreams. What Google says agents rely on. Beyond llms.txt, Google’s new Lighthouse category strongly emphasizes accessibility and interface stability. The documentation says agents rely on the accessibility tree as their “primary data model.” Lighthouse specifically evaluates: Programmatic labels for interactive elements. Valid accessibility tree structure. Whether interactive content is hidden from assistive systems. Layout stability through CLS. Google also warns that dynamically registered WebMCP tools and large DOM changes can affect audit results. Why we care. Google says you don’t need llms.txt for Search, but Chrome is now checking whether the file exists. At the same time, Google’s agentic tools appear to favor sites that are easier for machines to read and use, especially sites with strong accessibility, stable layouts, and clear agent access. Google’s help document. Lighthouse agentic browsing scoring Dig deeper. Meet llms.txt, a proposed standard for AI website content crawling llms.txt isn’t robots.txt: It’s a treasure map for AI Does llms.txt matter? We tracked 10 sites to find out View the full article

The real estate investment trust, while reporting a first quarter net loss, benefitted from growth and stable margins in its three mortgage production units. View the full article

The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died. View the full article

When considering financing options for your business, comprehending the differences between SBA 504 and SBA 7(a) loans is crucial. Each loan serves unique purposes, with varying amounts, usage, and other critical factors. For instance, the SBA 504 is typically used for purchasing fixed assets, whereas the SBA 7(a) can fund working capital needs. By exploring these distinctions, you can make an informed decision that aligns with your business goals and financial situation. What will you choose? Key Takeaways Loan Purpose: SBA 504 loans are primarily for purchasing fixed assets, while SBA 7(a) loans offer broader uses like working capital and debt refinancing. Down Payment: SBA 504 loans typically require a lower down payment (around 10%) compared to SBA 7(a) loans, which generally require at least 15%. Interest Rates: SBA 504 loans feature fixed interest rates tied to U.S. Treasury bonds, whereas SBA 7(a) loans often have variable rates linked to the prime rate. Repayment Terms: SBA 504 loans offer longer repayment terms (10, 20, or 25 years) compared to the maximum of 10 years for working capital under SBA 7(a) loans. Eligibility Criteria: SBA 504 loans require a tangible net worth of less than $20 million, while SBA 7(a) loans allow for a slightly higher average net income limit of $6.5 million. Loan Amounts and Usage When considering financing options for your business, grasp of the differences in loan amounts and usage between the SBA 504 and SBA 7(a) loans is vital. The SBA 504 loan permits amounts ranging from $250,000 to $30 million, particularly aimed at purchasing commercial real estate or heavy equipment. Conversely, the SBA 7(a) loan caps at $5 million and offers broader utility, covering working capital, debt refinancing, and inventory purchases. You can only use 504 loans for fixed asset acquisitions, concentrating on long-term investments, whereas 7(a) loans provide the flexibility to address immediate cash flow needs and operational expenses. Comprehension of the differing uses and limits of these loans is significant in determining which option aligns with your business goals. Moreover, both loan types are subject to particular SBA 504 interest rates and SBA 504 loan rates that can impact your financing choice in the long run. Down Payment Requirements When you’re considering financing options, comprehending the down payment requirements for SBA loans is crucial. The SBA 504 loan typically needs a down payment of around 10%, which is lower than many conventional loans. Whereas the SBA 7(a) usually demands 15% or more, depending on how you plan to use the funds. Keep in mind that these percentages can change based on the type of property and your creditworthiness, so it’s important to review your specific situation. SBA 504 Down Payment The SBA 504 loan typically requires a down payment of about 10%, making it an attractive option for small businesses seeking to finance commercial real estate or heavy equipment. For loans exceeding $1 million, the down payment can increase to 15% or 20%, depending on the project’s specifics and the lender’s criteria. This lower down payment is advantageous compared to the SBA 7(a) loan, which usually requires a higher down payment of at least 15%. The down payment demonstrates your commitment to the project and helps reduce the lender’s risk. You can likewise use personal assets as collateral in some cases. To better understand your financial commitment, consider using an SBA 504 loan calculator to estimate your down payment based on current SBA 504 rates. SBA 7(a) Down Payment A down payment of at least 15% is usually required for SBA 7(a) loans, though this can vary depending on the specific use of funds and the lender’s guidelines. For certain loans, especially those involving real estate, you might qualify for a lower down payment of just 10% if you meet specific criteria. Unlike the fixed down payment for SBA 504 loans, SBA 7(a) loans offer some flexibility based on factors such as: Your creditworthiness The purpose of the loan The overall financial strength of your business The total loan amount requested Understanding these down payment requirements is essential, as they impact your overall borrowing costs and the equity you need to invest in your business. Interest Rate Structures In terms of interest rate structures, SBA 504 and SBA 7(a) loans present different options that can impact your financing decisions. SBA 504 loans offer fixed interest rates linked to U.S. Treasury bonds, ensuring consistent payments over time. Conversely, SBA 7(a) loans typically feature variable rates that can fluctuate based on the prime interest rate, potentially leading to unexpected changes in your monthly payments. Fixed vs. Variable Rates Interest rate structures play a crucial role in determining the overall cost and predictability of a loan. With SBA 504 loans, you benefit from fixed interest rates, which provide stability for long-term financial planning. Conversely, SBA 7(a) loans offer flexibility, allowing you to choose between fixed and variable rates. Keep in mind: SBA 504 loans have fixed rates that are typically lower than market rates. These rates provide consistent monthly payments over terms of 10, 20, or 25 years. SBA 7(a) loans can have variable rates tied to the prime interest rate, leading to fluctuating payments. Rising interest rates can increase overall costs for variable rate loans, whereas fixed rates shield you from such fluctuations. Rate Determination Factors Grasping the factors that determine interest rates for SBA loans is important for making informed borrowing decisions. SBA 504 loans typically offer fixed rates linked to U.S. Treasury bonds, ensuring consistent payments over time. Conversely, SBA 7(a) loans feature variable rates often tied to the prime rate, which can lead to fluctuating repayment costs. Here’s a quick comparison of their interest rate structures: Loan Type Rate Structure SBA 504 Fixed rates (U.S. Treasury) SBA 7(a) Variable or fixed options Additionally, your creditworthiness, current market conditions, and the loan amount influence the rates. Comprehending these factors will help you choose the best loan for your needs. Repayment Terms Grasping the repayment terms of SBA loans is vital for businesses looking to make informed financial decisions. The repayment structures differ greatly between SBA 504 and SBA 7(a) loans. SBA 504 loans offer terms of 10, 20, or 25 years, providing long-term stability for fixed asset investments. SBA 7(a) loans have a maximum term of 10 years for working capital, but real estate loans can extend to 25 years. Payments for SBA 504 loans are typically fixed, ensuring predictable budgeting, whereas SBA 7(a) loans may have both fixed and variable rates. Longer terms in SBA 504 loans often lead to lower monthly payments compared to the shorter terms of SBA 7(a) loans for working capital. Both loan types allow for amortization, which helps businesses manage cash flow effectively throughout the repayment period. This makes it vital to evaluate these factors when choosing the right option for your needs. Eligibility Criteria When considering SBA loans, comprehension of the eligibility criteria is crucial for ensuring your business qualifies for the funding you need. For SBA 504 loans, your business must have a tangible net worth of less than $20 million and an average net income of $5 million or less over the past two years. On the other hand, SBA 7(a) loans allow a maximum net worth of $20 million and an average net income limit of $6.5 million. Both loan types require your business to operate as a for-profit entity in the U.S. or its territories. Moreover, SBA 504 loans necessitate that your business meets specific job creation or public policy goals, whereas SBA 7(a) loans don’t impose such requirements. Nevertheless, you must demonstrate attempts to utilize alternative financial resources before applying for an SBA 7(a) loan. Finally, both loans are only available to businesses classified as “small” by the SBA. Collateral Requirements Comprehending collateral requirements is essential when evaluating SBA loans, as these can greatly influence your financing options. For SBA 504 loans, collateral typically consists of fixed assets like real estate or equipment, without the need for additional UCC filings. Alternatively, SBA 7(a) loans may demand collateral at 90%, covering a broader range of assets. Here are some key points to reflect on: SBA 504 loans usually involve a conventional lender covering 50% and a CDC covering up to 40%, reducing your collateral burden. SBA 7(a) loans may require personal guarantees on your residence if not fully secured. Both loan types need personal guarantees from anyone owning 20% or more of the business. SBA 7(a) collateral requirements can be more extensive, encompassing various business assets beyond just real estate and equipment. Understanding these differences helps you make an informed decision about which loan option suits your needs best. Application Process and Fees Maneuvering the application process for SBA loans can be challenging, particularly when comparing the SBA 504 and 7(a) programs. The timelines and documentation requirements differ markedly, impacting your decision. Loan Type Application Time Documentation Complexity SBA 504 60-90 days High SBA 7(a) 30-60 days Moderate Both loans require you to work with an SBA-approved lender, but the SBA 504 program adds complexity by involving a Certified Development Company (CDC). The SBA 504 likewise has structured fees that can be lower for larger loans, particularly those above $1 million. Conversely, the SBA 7(a) may come with a wider range of fees, which can increase your overall financing costs. Comprehending these differences is vital for selecting the right loan for your business needs. Frequently Asked Questions What Is the Difference Between SBA 7A and SBA 504? The difference between SBA 7(a) and SBA 504 loans lies in their purposes and terms. SBA 7(a) loans can fund various needs, like working capital or refinancing, whereas SBA 504 loans are particularly for purchasing real estate or equipment. You’ll find that 504 loans require a lower down payment of 10%, compared to the 15% or more for 7(a) loans. Furthermore, 504 loans feature fixed interest rates, whereas 7(a) loans can have variable rates. What Can an SBA 7 a Loan Be Used For? An SBA 7(a) loan can be used for a variety of business needs. You can purchase real estate, acquire an existing business, or secure working capital for operational expenses. It furthermore allows for refinancing existing debt, enabling you to consolidate loans into one with potentially lower payments. In addition, you can buy equipment, inventory, and supplies, making it a flexible financing option for both short-term and long-term business goals. What Are the Disadvantages of a 504 Loan? The disadvantages of a 504 loan include a lengthy application process that can take 60 to 90 days because of complex documentation and the involvement of a Certified Development Company. Furthermore, these loans can only be used for fixed asset acquisitions, limiting their versatility. You’ll likewise face strict eligibility criteria, including a tangible net worth limit of $20 million and paperwork requirements, which can complicate and delay access to funding for your business. Can SBA 504 Be Used to Buy a Business? No, you can’t use an SBA 504 loan to buy a business. These loans are particularly meant for financing fixed assets like real estate or heavy machinery, not for acquiring operational businesses. If you’re looking to purchase a business, you’ll need to explore SBA 7(a) loans instead, which provide more flexible funding options for that purpose. Conclusion In conclusion, comprehending the differences between the SBA 504 and SBA 7(a) loans is crucial for making informed financing decisions. The SBA 504 is ideal for acquiring fixed assets with larger loan amounts and lower down payments, whereas the SBA 7(a) offers flexibility for various business needs, albeit with higher down payments and variable rates. By evaluating your specific financial requirements and eligibility, you can choose the right loan product that aligns with your business goals. Image via Google Gemini This article, "SBA 504 Vs SBA 7(A) – 7 Key Differences Explained" was first published on Small Business Trends View the full article

When considering financing options for your business, comprehending the differences between SBA 504 and SBA 7(a) loans is crucial. Each loan serves unique purposes, with varying amounts, usage, and other critical factors. For instance, the SBA 504 is typically used for purchasing fixed assets, whereas the SBA 7(a) can fund working capital needs. By exploring these distinctions, you can make an informed decision that aligns with your business goals and financial situation. What will you choose? Key Takeaways Loan Purpose: SBA 504 loans are primarily for purchasing fixed assets, while SBA 7(a) loans offer broader uses like working capital and debt refinancing. Down Payment: SBA 504 loans typically require a lower down payment (around 10%) compared to SBA 7(a) loans, which generally require at least 15%. Interest Rates: SBA 504 loans feature fixed interest rates tied to U.S. Treasury bonds, whereas SBA 7(a) loans often have variable rates linked to the prime rate. Repayment Terms: SBA 504 loans offer longer repayment terms (10, 20, or 25 years) compared to the maximum of 10 years for working capital under SBA 7(a) loans. Eligibility Criteria: SBA 504 loans require a tangible net worth of less than $20 million, while SBA 7(a) loans allow for a slightly higher average net income limit of $6.5 million. Loan Amounts and Usage When considering financing options for your business, grasp of the differences in loan amounts and usage between the SBA 504 and SBA 7(a) loans is vital. The SBA 504 loan permits amounts ranging from $250,000 to $30 million, particularly aimed at purchasing commercial real estate or heavy equipment. Conversely, the SBA 7(a) loan caps at $5 million and offers broader utility, covering working capital, debt refinancing, and inventory purchases. You can only use 504 loans for fixed asset acquisitions, concentrating on long-term investments, whereas 7(a) loans provide the flexibility to address immediate cash flow needs and operational expenses. Comprehension of the differing uses and limits of these loans is significant in determining which option aligns with your business goals. Moreover, both loan types are subject to particular SBA 504 interest rates and SBA 504 loan rates that can impact your financing choice in the long run. Down Payment Requirements When you’re considering financing options, comprehending the down payment requirements for SBA loans is crucial. The SBA 504 loan typically needs a down payment of around 10%, which is lower than many conventional loans. Whereas the SBA 7(a) usually demands 15% or more, depending on how you plan to use the funds. Keep in mind that these percentages can change based on the type of property and your creditworthiness, so it’s important to review your specific situation. SBA 504 Down Payment The SBA 504 loan typically requires a down payment of about 10%, making it an attractive option for small businesses seeking to finance commercial real estate or heavy equipment. For loans exceeding $1 million, the down payment can increase to 15% or 20%, depending on the project’s specifics and the lender’s criteria. This lower down payment is advantageous compared to the SBA 7(a) loan, which usually requires a higher down payment of at least 15%. The down payment demonstrates your commitment to the project and helps reduce the lender’s risk. You can likewise use personal assets as collateral in some cases. To better understand your financial commitment, consider using an SBA 504 loan calculator to estimate your down payment based on current SBA 504 rates. SBA 7(a) Down Payment A down payment of at least 15% is usually required for SBA 7(a) loans, though this can vary depending on the specific use of funds and the lender’s guidelines. For certain loans, especially those involving real estate, you might qualify for a lower down payment of just 10% if you meet specific criteria. Unlike the fixed down payment for SBA 504 loans, SBA 7(a) loans offer some flexibility based on factors such as: Your creditworthiness The purpose of the loan The overall financial strength of your business The total loan amount requested Understanding these down payment requirements is essential, as they impact your overall borrowing costs and the equity you need to invest in your business. Interest Rate Structures In terms of interest rate structures, SBA 504 and SBA 7(a) loans present different options that can impact your financing decisions. SBA 504 loans offer fixed interest rates linked to U.S. Treasury bonds, ensuring consistent payments over time. Conversely, SBA 7(a) loans typically feature variable rates that can fluctuate based on the prime interest rate, potentially leading to unexpected changes in your monthly payments. Fixed vs. Variable Rates Interest rate structures play a crucial role in determining the overall cost and predictability of a loan. With SBA 504 loans, you benefit from fixed interest rates, which provide stability for long-term financial planning. Conversely, SBA 7(a) loans offer flexibility, allowing you to choose between fixed and variable rates. Keep in mind: SBA 504 loans have fixed rates that are typically lower than market rates. These rates provide consistent monthly payments over terms of 10, 20, or 25 years. SBA 7(a) loans can have variable rates tied to the prime interest rate, leading to fluctuating payments. Rising interest rates can increase overall costs for variable rate loans, whereas fixed rates shield you from such fluctuations. Rate Determination Factors Grasping the factors that determine interest rates for SBA loans is important for making informed borrowing decisions. SBA 504 loans typically offer fixed rates linked to U.S. Treasury bonds, ensuring consistent payments over time. Conversely, SBA 7(a) loans feature variable rates often tied to the prime rate, which can lead to fluctuating repayment costs. Here’s a quick comparison of their interest rate structures: Loan Type Rate Structure SBA 504 Fixed rates (U.S. Treasury) SBA 7(a) Variable or fixed options Additionally, your creditworthiness, current market conditions, and the loan amount influence the rates. Comprehending these factors will help you choose the best loan for your needs. Repayment Terms Grasping the repayment terms of SBA loans is vital for businesses looking to make informed financial decisions. The repayment structures differ greatly between SBA 504 and SBA 7(a) loans. SBA 504 loans offer terms of 10, 20, or 25 years, providing long-term stability for fixed asset investments. SBA 7(a) loans have a maximum term of 10 years for working capital, but real estate loans can extend to 25 years. Payments for SBA 504 loans are typically fixed, ensuring predictable budgeting, whereas SBA 7(a) loans may have both fixed and variable rates. Longer terms in SBA 504 loans often lead to lower monthly payments compared to the shorter terms of SBA 7(a) loans for working capital. Both loan types allow for amortization, which helps businesses manage cash flow effectively throughout the repayment period. This makes it vital to evaluate these factors when choosing the right option for your needs. Eligibility Criteria When considering SBA loans, comprehension of the eligibility criteria is crucial for ensuring your business qualifies for the funding you need. For SBA 504 loans, your business must have a tangible net worth of less than $20 million and an average net income of $5 million or less over the past two years. On the other hand, SBA 7(a) loans allow a maximum net worth of $20 million and an average net income limit of $6.5 million. Both loan types require your business to operate as a for-profit entity in the U.S. or its territories. Moreover, SBA 504 loans necessitate that your business meets specific job creation or public policy goals, whereas SBA 7(a) loans don’t impose such requirements. Nevertheless, you must demonstrate attempts to utilize alternative financial resources before applying for an SBA 7(a) loan. Finally, both loans are only available to businesses classified as “small” by the SBA. Collateral Requirements Comprehending collateral requirements is essential when evaluating SBA loans, as these can greatly influence your financing options. For SBA 504 loans, collateral typically consists of fixed assets like real estate or equipment, without the need for additional UCC filings. Alternatively, SBA 7(a) loans may demand collateral at 90%, covering a broader range of assets. Here are some key points to reflect on: SBA 504 loans usually involve a conventional lender covering 50% and a CDC covering up to 40%, reducing your collateral burden. SBA 7(a) loans may require personal guarantees on your residence if not fully secured. Both loan types need personal guarantees from anyone owning 20% or more of the business. SBA 7(a) collateral requirements can be more extensive, encompassing various business assets beyond just real estate and equipment. Understanding these differences helps you make an informed decision about which loan option suits your needs best. Application Process and Fees Maneuvering the application process for SBA loans can be challenging, particularly when comparing the SBA 504 and 7(a) programs. The timelines and documentation requirements differ markedly, impacting your decision. Loan Type Application Time Documentation Complexity SBA 504 60-90 days High SBA 7(a) 30-60 days Moderate Both loans require you to work with an SBA-approved lender, but the SBA 504 program adds complexity by involving a Certified Development Company (CDC). The SBA 504 likewise has structured fees that can be lower for larger loans, particularly those above $1 million. Conversely, the SBA 7(a) may come with a wider range of fees, which can increase your overall financing costs. Comprehending these differences is vital for selecting the right loan for your business needs. Frequently Asked Questions What Is the Difference Between SBA 7A and SBA 504? The difference between SBA 7(a) and SBA 504 loans lies in their purposes and terms. SBA 7(a) loans can fund various needs, like working capital or refinancing, whereas SBA 504 loans are particularly for purchasing real estate or equipment. You’ll find that 504 loans require a lower down payment of 10%, compared to the 15% or more for 7(a) loans. Furthermore, 504 loans feature fixed interest rates, whereas 7(a) loans can have variable rates. What Can an SBA 7 a Loan Be Used For? An SBA 7(a) loan can be used for a variety of business needs. You can purchase real estate, acquire an existing business, or secure working capital for operational expenses. It furthermore allows for refinancing existing debt, enabling you to consolidate loans into one with potentially lower payments. In addition, you can buy equipment, inventory, and supplies, making it a flexible financing option for both short-term and long-term business goals. What Are the Disadvantages of a 504 Loan? The disadvantages of a 504 loan include a lengthy application process that can take 60 to 90 days because of complex documentation and the involvement of a Certified Development Company. Furthermore, these loans can only be used for fixed asset acquisitions, limiting their versatility. You’ll likewise face strict eligibility criteria, including a tangible net worth limit of $20 million and paperwork requirements, which can complicate and delay access to funding for your business. Can SBA 504 Be Used to Buy a Business? No, you can’t use an SBA 504 loan to buy a business. These loans are particularly meant for financing fixed assets like real estate or heavy machinery, not for acquiring operational businesses. If you’re looking to purchase a business, you’ll need to explore SBA 7(a) loans instead, which provide more flexible funding options for that purpose. Conclusion In conclusion, comprehending the differences between the SBA 504 and SBA 7(a) loans is crucial for making informed financing decisions. The SBA 504 is ideal for acquiring fixed assets with larger loan amounts and lower down payments, whereas the SBA 7(a) offers flexibility for various business needs, albeit with higher down payments and variable rates. By evaluating your specific financial requirements and eligibility, you can choose the right loan product that aligns with your business goals. Image via Google Gemini This article, "SBA 504 Vs SBA 7(A) – 7 Key Differences Explained" was first published on Small Business Trends View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. The Sony WH-1000XM6 are one of the best premium headphones of 2026, and right now, Amazon is offering them with a $60 discount and a $30 Amazon gift card. You're not likely to see these headphones drop any further in price anytime soon, even with Prime Day around the corner. So if you've had your eyes on the XM6, this is likely the best deal you'll get for a while. Sony WH-1000XM6 Noise Canceling Headphones $30 Amazon Gift Card $398.00 at Amazon Get Deal Get Deal $398.00 at Amazon The XM6 headphones came out three years after the XM5, the longest gap in the WH-1000XM series. The release was much anticipated, so I expected more than just a few tweaks to features and hardware—but they're still one of the best premium headphones you can get in 2026. The active noise cancellation (ANC) on the XM6 are impressive. I flew with them and they managed to cancel out 90% of the noise in an airplane (including crying babies). With the LDAC codec, the audio is crystal clear for Android phones, but they use the same AAC codec you find in regular AirPods. It has 12 microphones (four more than the XM5), and the Spatial Audio, AI noise suppression feature, Adaptive Sound Control, and Ambient sound are much better than the XM5s. The XM6 can now fold into themselves, making them much easier to throw in a backpack, and making the carrying case more compact. I love that you can charge and listen to the headphones at the same time as well. If you want one of the best premium headphones of 2026 with a $30 gift card, take advantage of this deal while you can. Our Best Editor-Vetted Tech Deals Right Now Apple AirPods 4 Active Noise Cancelling Wireless Earbuds — $148.99 (List Price $179.00) Apple Watch Series 11 (GPS, 42mm, S/M Black Sport Band) — $329.00 (List Price $399.00) Apple iPad 11" A16 128GB Wi-Fi Tablet (Silver, 2025) — $299.00 (List Price $349.00) Fire TV Stick 4K Plus Streaming Player With Remote (2025 Model) — $29.99 (List Price $49.99) Sonos Move 2 — $399.00 (List Price $499.00) Sony WH1000XM6- Best Wireless Noise Canceling Headphones — $398.00 (List Price $459.99) Ring 2nd Gen 2K Wired Video Doorbell (2026 Release) — $49.99 (List Price $79.99) Deals are selected by our commerce team View the full article

A reader asks: I was on a Zoom call recently with the president of our company and two junior staff members who I do not manage directly. I made a comment during the meeting, and suddenly a snarky Slack message about me from one of the junior members of my team came across my screen. (She said, “Uhhh, that’s literally what I said a minute ago,” seemingly about a suggestion I made to the president.) She had accidentally sent it to the entire team when it was meant for one of the other junior employees. All of the team members looked first confused then horrified, but didn’t say anything. When she realized her mistake, she quickly deleted it, and then the meeting progressed awkwardly as if nothing happened. When the president asked her about it in a meeting a few days later, she completely denied it. There is no proof of it because it was deleted but everyone on the call saw it. I’m not sure how to move forward with her, as it’s a she said-she said situation without photo evidence. I answer this question over at Inc. today, where I’m revisiting letters that have been buried in the archives here from years ago (and sometimes updating/expanding my answers to them). You can read it here. The post my coworker sent a rude message about me and I saw it appeared first on Ask a Manager. View the full article

First there was nutrient timing, then proteinmaxxing—now, fibermaxxing is the latest viral wellness trend everyone is talking about. On TikTok, social media influencers can be seen extolling the virtues of fiber (hashtag #fibermaxxing). One such influencer is @shanny_do, a self-proclaimed “fiber-obsessed gastroenterologist,” who posted with gusto about what she packs each day for work at the hospital. (For the curious, that’s a bowl that includes: Ethiopian spicy lentils, some plain black beans straight from the can, baba ganoush and carrots; a second small bowl of berries—black, blue and raspberries; a Z bar—a kid’s protein snack bar made of oats—and an apple.) And it’s not just your health that’s impacted by fibermaxxing. What’s trending on social media isn’t just a fad, it’s big business: Wellness is a $6.3 trillion global industry, one that’s forecast to hit $9 trillion by 2028, according to the Global Wellness Institute. Here’s what to know about the latest trend. What is fibermaxxing? In short, fibermaxxing is exactly what it sounds like—eating a high amount of fiber at every meal, throughout the day. That’s as the Department of Health and Human Services recommends 25 grams for women, 38 for men a day. Most Americans, however, are woefully fiber deficient, with 95% failing to consume the recommended amount, instead averaging a mere 16 grams daily. The recent popularity of gluten-free products, along with fiber-and-nutrient poor cereals and breads has only made that problem worse. Why do I need fiber? “Fiber is a type of carbohydrate that’s beneficial for gut health,” Monica Kelly, associate health and wellbeing manager at Montefiore Einstein, explains. Consuming enough fiber not only helps regulate weight, but also “reduces your risk of cardiovascular disease, type two diabetes, [and] lowers your risk for certain types of cancer, especially colorectal cancer,” says Hannah Holscher, a professor of nutrition at the University of Illinois Urbana-Champaign. There are two types of fiber, soluble and insoluble. Each helps maintain our health in different ways. The former helps to regulate blood sugar, lower cholesterol levels, and reduce the risk of heart disease; while insoluble fiber helps regulate bowel movements, removing bodily waste and and preventing constipation, according to a Harvard Medical School article. Soluble fiber is in fruits, vegetables, beans, and seeds. Insoluble fiber is what we traditionally think of as fiber—foods like oats, whole grains, and some fruits. What should I eat if I want to consume more fiber? Soluble fiber is found in beans (black and lima), broccoli, Brussels sprouts, apples and carrots. To eat more insoluble fiber, try potatoes, whole wheat flour, wheat bran—plus brown rice, nuts and seeds, according to UCLA Health. View the full article

Google unveils Conversational Discovery ads and Highlighted Answers in AI Mode, signaling how advertising may evolve inside conversational, AI-powered Search experiences. The post Google Introduces New Ad Formats In AI Mode appeared first on Search Engine Journal. View the full article