Small Businesses Continue to Get Screwed by Credit Cards
Emily Maltby of the Wall Street Journal wrote a great story today about how little the new federal protections for credit cards do for business cards. *ahem* My saying that the laws even do a “little,” does the legislators too much justice as, simply put, small business owners, those of us who rely on [...]
What you going to do when the IRS comes for you?
The US Federal government maintains a website called FedBizOpps.gov. It is designed to allow federal agencies to solicit bids from small companies for items they wish to purchase. I thought I would share a request for bid from Feb 2, 2010:
Acquiring Shotguns
Solicitation Number: TIRWR-10-Q-00023
Agency: Department of the Treasury
Office: Internal Revenue Service (IRS)
Location: Field [...]
End the Telecommuter Tax Penalizing Out of State Employees
With the success of contract and freelance services such as oDesk, the idea of remote or telework is increasingly on the minds of businesses both large and small. Telecommuting often reduces resources costs in addition to helping entrepreneurs avoid HR issues such as hiring AND letting people go. Telecommuting helps millions achieve a better work/life [...]
The Small Business Job Creating and Access to Capital Act of 2009
In Support of Small Business Growth: S.2869
Elimination of fees that accompany Small Business Administration (SBA) backed loans, extension of government guarantees, and increased SBA loan limits; the trifecta for small business growth, and—if passed—a brilliant strategy for stimulating our economy by providing easier access to credit to the millions of small businesses (and their employees) [...]
2010 Mileage Rate – Government Cuts Cost Reducing Benefit to Businesses
The mileage rate to apply to your tax deductions for 2010 was recently announced at 50 cents per mile for business miles driven.
You heard right; 50 cents per mile, down from $.55
In defense of the IRS, fixed and variable automobile operating costs determine the rates; gasoline certainly the greatest of the variable costs is considered [...]