According to the Small Business Administration, SMBs are responsible for 64 percent of the net new jobs created over the past 15 years. With this in mind, government leaders are looking to increase small business formation with the hopes of recovering the economy.
While many people are waiting to see the impact of the new national healthcare plan on medical coverage, it’s already clear that the bill is giving some healthy tax credits to small businesses. Business formation rates may soon spike as entrepreneurs will likely want to take advantage of these credits.
Economists debate the extent to which the recession is over in the United States, but they seem to agree on one thing – small businesses will be key to recovery.
Many business owners are gauging how the new healthcare bill will impact their abilities to provide medical coverage to employees, but it is also important to consider how the bill will impact tax reporting.
A recent study from the Kauffman Foundation showed that the nation’s top-performing, young businesses create 40 percent of new jobs in the U.S. in any given year. In light of this, Dane Stangler, author of High Growth Firms and the Future of the American Economy spoke with BusinessWeek about how entrepreneurs might benefit from these […]
In light of the recently passed Small Business and Infrastructure Jobs Tax Act – which offers new tax credits to small businesses with the hopes of promoting job generation – entrepreneurs may consider business incorporation to maximize their tax savings. Perhaps an S corporation would be the best choice for this.
In light of the recently passed Small Business and Infrastructure Jobs Tax Act – which offers new tax credits to small businesses with the hopes of promoting job generation – entrepreneurs may consider business incorporation to maximize their tax savings. Perhaps an S corporation would be the best choice for this.
Even in light of recent announcements that the government will allocate $30 billion to banks to make loans to small businesses, entrepreneurs are reportedly struggling to find startup funds. One business consulting company offers some tips for businesses to gain loans in trying times.