Government and Legality
Governor signs bill to cut taxes for small business owners
AUSTIN – Gov. Rick Perry today signed House Bill (HB) 4765 which lowers the tax burden for more than 40,000 small businesses across the state. The bill more than triples the small business franchise tax exemption from $300,000 to $1 million. Revisiting the business franchise tax was a priority the governor laid out before the [...]
Spike in Interest Rates Could Choke Recovery
Rising long-term interest rates are making it more expensive for home buyers, corporations and the U.S. government to borrow money, threatening to further stifle an already weak economy. In just the past two weeks, the rate on a 30-year, fixed-rate mortgage has risen to 5.6 percent from 4.9 percent, ending a boom in refinancing and [...]
California running out of $10,000 tax credits
A boon for new homebuyers, scheduled to last through next March, will be out of money long before that. Time is running out for California residents wanting to take advantage of a $10,000 tax credit. The state set aside $100 million to help home buyers purchasing newly built homes, hoping to jump start the moribund [...]
Small Biz Cracking Code For Federal Contracts
“The economy has been slip sliding away,” says Witcher, whose 75-man operation also sells and services big rigs and is the Northeast’s largest supplier of Pierce fire trucks. “We decided we wanted another place we could sell.” As the economy slows, this is a good time to take a closer look at the federal government, [...]
How to beat bankruptcy
It’s not impossible to get your business out of debt and heading towards profitability. Others have done it and you can too. Facing bankruptcy can be a terrifying experience for a franchisee or small business owner. But it’s not uncommon – and it’s not hopeless either. Not everyone comes back from the brink, but Jeff [...]
How to Get Your Share of Government Contracts
Looking to bring in new business? Then you’re probably on the watch for government contracts coming up to bid. If you’re not, you should be. Together, federal, state and local governments buy over a $1 trillion dollars in goods and services each year. A not-insignificant amount of that money gets funneled into multimillion-dollar constructions projects. [...]
Small-Business Leaders Top New Confidence Poll
As confidence in military and White House leadership continues sliding, Americans are gaining confidence in the country’s small business leaders. When asked how much confidence they have in leaders of a range of public and private institutions, 54% expressed a “great deal” of confidence in leaders of small business, a new Harris Interactive poll found. [...]
