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March 17.2025
2 Minutes Read

How Town’s $18 Million Funding Supports Small Businesses with Tax Savings

Woman using laptop in a flower garden, small business tax platform.

Town Secures $18 Million to Aid Small Businesses

In an exciting development for small businesses, Town, a startup founded by former employees of tech giants like Google, Plaid, and OpenAI, has successfully raised $18 million in funding. This announcement on March 14 marks a significant step toward leveling the financial playing field between small and big corporations. Town’s newly introduced tax platform aims to provide the same tax advantages that large companies enjoy.

A Response to Unequal Taxation

In its blog post, Town highlighted the disparity in tax compliance costs between big corporations and small businesses. The company pointed out that while larger companies exploit every legal loophole using dedicated tax departments, small businesses often lack the resources to maximize their deductions, resulting in compliance costs that can be 30% higher per employee. This hurdle persists despite small businesses representing a vital part of the economy.

Addressing Professional Shortages

Moreover, Town's initiative comes as small businesses face signs of declining service quality due to an ongoing shortage of qualified tax professionals. To resolve this issue, Town plans to offer dedicated tax advisers alongside automated tools finely tuned to uncover relevant deductions for each unique business circumstance. This strategy not only promises to enhance tax preparation but offers crucial support to small businesses navigating today’s economic challenges.

Optimism Among Small Business Owners

Despite the myriad challenges, small business owners are displaying increased resilience and optimism. Recent research by PYMNTS Intelligence shows a growing confidence among small and medium-sized businesses (SMBs). The percentage of SMBs reporting a drop in revenue decreased from 17% to 15% within a month. This trend is encouraging and signifies ongoing recovery compared to previous years when many reported heightened concerns about survival.

The Broader Impact of Town’s Initiative

By bridging the resource gap for tax management, Town's platform could usher in a new era of financial health for small enterprises, providing them the tools necessary for sustainability and growth. As more businesses embrace these advancements, the potential for economic uplift in the SMB sector is substantial. In an environment where service quality and professional expertise are crucial, Town’s approach could lead the charge in ensuring smaller businesses not only survive but thrive.

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09.29.2025

Howard County Small Business Expo: Honoring Veteran Entrepreneurs and Their Legacies

Update Celebrating Veteran Entrepreneurs: A Howard County TraditionThe Howard County Small Business Expo recently shone a spotlight on veteran entrepreneurs, showcasing numerous businesses run by those who have served in the military. With an array of offerings from food vendors to service providers, this expo celebrated not just entrepreneurial spirit but also the enduring legacies of these veterans.Building Family Legacies Through BusinessAmong the standout participants was Victor Terry, an Army veteran and proud owner of Slam Snow Cones. For Terry, this business goes beyond serving refreshing treats; it's about building a family legacy. “My idea was to start something that I could pass down to even my son,” Terry stated, highlighting the importance of family and continuity in the entrepreneurial journey.The Importance of Community ConnectionThe expo serves as a crucial platform for connection, recognition, and support for veterans as they transition into civilian life. Organizers emphasized that it is vital for veterans to remain visible and actively involved in their communities. By fostering environments where veterans can thrive, events like the Howard County Small Business Expo prove essential for their ongoing success.Veteran Entrepreneurship as a Force for ChangeIn addition to building personal legacies, veteran-led businesses contribute significantly to local economies. These entrepreneurs bring unique perspectives and resilient spirits, often reflected in their business practices. Their experiences enable them to create solutions and job opportunities that uplift the community as a whole.Encouragement for Future GenerationsBy attending the expo, visitors experienced firsthand the impact veterans have on small businesses. As Terry hopes to pass his endeavors down to his children, it serves as a powerful reminder of the stewardship veterans can have on future generations, not only keeping their legacies alive but also inspiring others to follow in their footsteps.As we celebrate these veterans and their contributions, it is clear that their entrepreneurial journeys enrich our communities and reinforce the fabric of our society.

09.28.2025

Restoring Hope: Nonprofit Donates Vehicles to Rebuild Small Businesses After Eaton Fire

Update A Community Comes Together for RecoveryIn a heartwarming display of community support, local nonprofit The Change Reaction teamed up with Galpin Ford to donate vehicles to small business owners affected by the devastating Eaton Fire in Altadena. This generous gesture not only aids in the recovery of their businesses but also offers a much-needed boost of hope. The ceremony took place at the Grocery Outlet on Lake Avenue, where families gathered to celebrate resilience and renewal.Overcoming Loss and Building New FuturesAmong the beneficiaries was the Linares family, who received a work van for their landscaping business. They experienced profound losses when the fire destroyed their home and multiple vehicles that were essential for their livelihood. "With The Change Reaction and Galpin Ford pushing us forward, we're not just surviving, we're thriving," said Michael Linares, reflecting the hopeful spirit of the event. This sentiment was echoed by Truvonna Cole, who lost her home as well. "We lost everything, but we've built closer in spirit, faith, and love," she remarked, demonstrating the strength and unity that often emerges from adversity.The Impact of Community SupportThe donations of vehicles serve not just as material gifts, but as symbols of resilience and community solidarity. The Change Reaction aims to empower small business owners, helping them regain not just their vehicles, but their paths to success as well. Project manager Kandice Horton-Gomez articulated the spirit of the occasion, stating, "This event is about giving back hope and joy during a time of sorrow." With these new vehicles, these business owners can get back on the road, quite literally, while also reconnecting with their dreams.

09.27.2025

East San Jose Residents Unite to Call for More Police Amid Rising Smash-and-Grab Crimes

Update Confronting the Rising Crime Wave in East San Jose The residents of East San Jose are united in their call for increased police presence due to a disturbing trend of smash-and-grab robberies. Among the most affected is Antipasto's, a beloved family-run restaurant that has faced significant challenges after multiple break-ins in a short span. As small businesses grapple with rising repair costs and insurance premiums, the emotional toll on owners and their communities becomes increasingly evident. Community Voices Demand Action After three break-ins within three months, brothers Gino and Nick DeRose express their frustrations. The relatively small losses of wine translate into hefty bills for repairs, with each incident costing the family around $5,000. Gino shares, "People are, unfortunately, coming for the wine, but it's the aftermath that crushes us financially. It’s not just the cash; it’s about keeping our doors open." Their determination reflects a community-wide hope to reverse the tide of crime and uphold local businesses. A Call for Increased Police Visibility Councilmember Peter Ortiz has taken notice of the community's woes and has pledged to advocate for better police recruitment and funding. Ortiz emphasizes the critical relationship between the number of law enforcement officers and community engagement: "Do not hesitate to call. The more reports we generate, the clearer the picture becomes of what's happening in our neighborhoods." This proactive call is meant to empower citizens, encouraging them to play an active role in shaping the safety of their community. Resilience Amidst Fear Despite the troubling circumstances, the DeRose family remains committed to their mission of serving East San Jose. "We are going to continue to do what we do until we don’t want to do it anymore," Nick asserts, signifying a refusal to be intimidated by crime. Their story is a testament to the resilience of small business owners who play a vital role in the cultural fabric of their neighborhoods. As East San Jose grapples with these challenges, the community’s collective voice becomes clearer. Residents and local leaders intertwine their efforts, advocating for enhanced safety measures while nurturing the small businesses that bless their streets. This alliance presents a hopeful narrative amidst a backdrop of adversity, showcasing the power of community spirit in confronting and overcoming challenges.

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