Business charts and graphs

We’ve talked before here on the blog about how to address a planned price increase with your customers. But what about the rate hikes that weren’t your idea?

This comes to mind as Washington, DC prepares to implement a controversial new sales tax on wellness-related businesses in the District. The so-called “Yoga Tax” will add 5.75% sales tax onto the fees for businesses like gyms, yoga studios, tanning salons, and water delivery services starting October 1st, 2014. This, understandably, has business owners in DC concerned. Supporters of the new tax are quick to point out that DC is also lowering business income taxes at the same time, suggesting that what business owners may lose in memberships, they will make up for in tax savings. READ MORE

HelloWallet Logo

As a business in the Washington D.C. area that began as a startup, we are always happy here at Webs to hear about the growth and success of startups in our neck of the woods. It’s always an exciting time when a large, successful company recognizes the potential of a startup to have a great impact within their own business. Such is the case with yesterday’s announced acquisition of HelloWallet by on of its investors, Morningstar Inc.

In case you aren’t familiar, HelloWallet offers software that enables companies to provide their employees with advice for making better financial decisions. Bill Flook of the Washington Business Journal called HelloWallet “a sort of for the enterprise.” The company was founded in 2009 by Dr. Matt Fellowes, with the mission of democratizing access to independent financial guidance. READ MORE


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