In November 2011 a new tax credit program called VOW to Hire Heroes Act went into effect. Under this new law businesses can obtain an IRS tax credit of up to $9,600 per military veteran hired. The goal is to provide employment opportunities for our dedicated veterans. Here’s a quick summary of the criteria: If [...]
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What is a small business?
Effective March 12, 2012, the Small Business Administration (SBA) will enact 37 new small business size standards for 34 industries. This federal action has created quite a stir among various small business advocacy groups as well as individuals. You can read Federal Register for the details as well as review a table showing all the changes. [...]
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Managing Cash Flow Can Lead to Business Happiness
I recently read that only half of new business start-ups survive after the first five years of business. I think that not managing the finances of a small business wisely is often the reason for these unhappy endings. Cash flow is critical to operating any business – regardless of size because it drives daily operations, [...]
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