Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers (“qualified employees”).
IRS HIRE Act Webinar Coming on July 8
Growing number of entrepreneurs using retirement savings to finance a small business
Many entrepreneurs are exploiting a tax law loophole by rolling over their 401(k) retirement accounts to help finance their new small business.
Small business lending rises in Massachusetts
Entrepreneurs looking to create a corporation in Massachusetts are now seeing some encouraging signs. Small business lending and new business formation is on the rise in the state, according to the Boston Globe.
Officials revive Alabama business incubator
A Decatur, Alabama, business incubator is now back open for business after city officials revamped what had been a largely stagnant project in recent years, according to the Decatur Daily.
Telephone credit card scam targets business owners
The Better Business Bureau says a new telephone-based scam abusing disability services is targeting many small businesses, including restaurants and other business types.
Increase in credit union cap could free up $10B in business loans
Credit union activists are trying to encourage lawmakers raise the credit union lending cap – a move that could allow credit unions to give out $10 billion in additional loans for business formation and other uses.
Idaho trying to lure more small businesses
The Idaho Department of Commerce has launched a website as part of its public relations campaign to try to encourage existing small businesses and aspiring entrepreneurs to create a corporation there.
Bank of America pledges to increase small business spending
Bank of America says it will increase the amount it spends on small, medium-sized and diverse businesses, and pledges to purchase $10 billion in products and services from them over the next five years.