Andrew F. Puzder, who rose to prominence as a fast food executive, recently withdrew from consideration to be President Donald Trump’s Secretary of Labor. Puzder had been the subject of a great deal of debate and scorn since his announcement in December, particularly among progressive groups and labor unions. After records of spousal abuse from
Puerto Rico Looks to Entrepreneurism to Ease Financial Problems
With its current debt at more than $70 billion, Puerto Rico has been forced to consider new ways to balance its budget and meet its financial obligation. The territory no longer controls its own finances as of June 30, 2016, when then-President Barack Obama signed the Puerto Rico Oversight, Management and Economic Stability Act (
The Economic Impact of President Trump’s Proposed Tax Plan on the US Virgin Islands
During his campaign, President Donald Trump put forth a tax plan that would cap itemized deductions, barring single people from deducting more than $100,000 and preventing couples from deducting more than $200,000. This proposal would help raise more than $1 trillion over the course of a decade.
However, according to the Tax Policy Center
Legislators Look at ‘Sin Taxes’ to Address USVI Financial Situation
Members of the U.S. Virgin Islands Senate recently met to discuss a variety of issues, including the financial affairs of the Government of the Virgin Islands. Of particular interest were the opinions of senators on Gov. Kenneth Mapp’s proposed “sin taxes” for the territory.
These taxes would include new levies on cigarettes, alcohol, carbonated sugar
Replacing Lost or Damaged Documents After Hurricanes Irma and Maria
Natural disasters like hurricanes and floods do not just damage or destroy buildings and utilities. They could also result in the loss of some extremely important documents, such as mortgage information, estate planning documents, green cards and birth certificates.
As you recover from the losses you have suffered in the recent hurricanes in the U.S.
What to Do if Your Business is a Victim of Cybersquatting
Imagine you have a great idea for a business and have picked out the perfect name. You rush to GoDaddy to register it, only to find that some other party has already purchased it and is apparently doing nothing with it. Unfortunately, it’s an issue many entrepreneurs face across the globe.
Known as cybersquatting
How to Best Protect Your Customers’ Data and Other Sensitive Information
In an age when so much happens online, businesses must be willing to commit to digital security to best protect the sensitive data and information of themselves and their customers. In fact, some estimates indicate that the global market for cybersecurity will surpass $80 billion next year, indicating just how important this issue has become.
The Different Types of Commercial Insurance and How They May Apply to Your Business
With all the risks that come with running a small business, it’s critically important for owners and entrepreneurs to have proper insurance coverage to protect against unexpected catastrophes. There are many different forms of commercial insurance available to cover a variety of risks.
Property insurance policies
Property insurance is a category encompassing a variety of
Cybersecurity: What Today’s Business Owners Need to Know
When you own or operate a small business, you may feel as if you need to understand and manage a never-ending list of issues and concerns just to ensure the safe, secure and effective operation of your business.
There may be one more you need to add to the list: cybersecurity. As technology continues to
Legislature Approves Bill that Would Eliminate Customs Duties in US Virgin Islands
The Legislature of the Virgin Islands recently approved Bill No. 31-0398, a new bill eliminating customs duties in the Territory. These duties generate approximately $12 million every year, but for more than 10 years, the U.S. Customs and Border Protection has taken almost all of it to cover the costs of collecting it. As a