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by Justin Velez-Hagan, National Executive Director

A recent article published here, discusses how an amendment to the recent tax extension bill could increase business investment and perhaps even hiring.

The crux of the tax provision allows businesses to fully write off capital expenditures that would normally depreciate over time.  As an example, if a company wants to buy a new piece of equipment, say a delivery truck, they would usually be able to deduct from their tax base (increase their cost) by the amount that the truck has lost value during that year (set at a GAAP accounting standard), which in effect reduces their tax bill at the end of the year by a portion of the investment, instead of all at once.  However, under the new amendment, companies can write off the entire amount immediately.

The administration believes that this extra tax deduction will allow a greater investment in human capital (increase in hiring) as well as to encourage companies to invest in expansion that they would otherwise have put off.   Read the rest of this entry »

Since we have relied quite heavily on Facebook as a tool for our growth,we thought it might be valuable to pass on some info that might help your small business.  In case you haven’t seen, we have a decent following on Facebook.  Facebook can be quite the valuable tool when trying to attract customers to your small business, blog, organization, etc., but understanding the value of Facebook is what is going to help you turn those “likes” into $’s.  Read the article below for more info:

David Hartstein is a partner at JG Visual, an Internet strategy company that works with organizations to develop and implement their online presence. You can connect with David on the JG Visual Facebook Page.

You’re a small business owner and you’ve decided to create aFacebookFacebook Page for your company. Or you’re an employee in an organization and, since you are the only one who “gets” social media, you’ve been charged with running a Facebook Page.

You set it up and make it look nice. You put up some photos and videos that you think represent the organization well. You e-mail a bunch of your friends and the page has almost 100 “Likes.” But one day, your boss comes in and asks you the question that you have been dreading: “Is this Facebook Page helping us or just eating away most of your time?”. . . Read the rest of the article here.

By: Marshall Kirby, Public Policy Analyst

In 2012 new 1099 IRS tax rules for the self-employed and small businesses are set to take effect.  Under the new system, a business will be required to issue 1099’s for purchases and sales to all suppliers, vendors, clients, and contractors paid over $600 in the course of the calendar year (Senator Baucus Wants).  The goal of the new tax law is to bring in those small businesses [including freelancers and individuals] not currently paying taxes on their services (Roth, Tanya).

First it may help to define what a 1099 is.  In the most general sense, 1099 is an IRS tax form which taxpayers and small businesses must file to report income not earned from salaried employment and not subject to Federal payroll tax.  More specifically, it includes stocks and securities, real estate, interest income, cancellation of debt, and, perhaps most pertinent to the small business person, short-term employment contracts and other services rendered.

Originally, this was an idea from the Bush Administration.  The new 1099 provisions have been enacted as part of the Health Care Reform law from earlier this year (Roth, Tanya).  This provision in the law is estimated to raise $17 billion dollars over 10 years, or an average of $1.7 billion a year (Smith, Ned).  Detractors of this amendment have gone on record saying that the changes will be a major detriment to the business environment for contractors, freelancers, and for small firms.

The National Taxpayer Advocate, Nina Olsen, has stated that the increased paperwork and administrative burden this legislation puts on firms “may turn out to be disproportionate” to any fiscal gain created by this policy (Roth, Tanya). Read the rest of this entry »

Although we already have a holiday created specifically for remembrance and giving thanks, Christmas is perhaps the time of year in which we should be most thankful, remembering that we were given so much, despite our unworthiness.

Most of us were simply born, gifted life without any free choice or influence of opinion, into a country where even the poorest of its citizens are considered wealthy in most of the rest of the world.

In this spirit, be thankful for what most of us have, which so many do not: a roof to protect us, food to feed us, clothing to keep us warm, family and friends to support us, soldiers to defend us, and the hand of Providence to guide us.

But the other half of giving thanks is showing gratitude.  Remembering our many Blessings and vast comparative wealth, we should thrive in the spirit of giving and remember those who are not so fortunate, both in our country and abroad. Read the rest of this entry »

Santa’s personal wish list is not that different from every other business owner’s.

A lot of Congressmen are going to have coal in their stockings this year.

(Make your opinion known here, or to the left of this blog post here.)

Narrowly passing a vote today, new internet regulations are set to take effect in the beginning of the new year, which will grant federal regulators the authority to regulate internet traffic.  Their intent is to prevent unfair market manipulation by large internet providers, however, is the real effect going to be an increasingly complicated and over-protected small business environment with higher end-consumer costs?  Read an article by the WSJ here.

by Juan Pablo Giometti:

Broadband is a medium that business owners are using to enhance productivity, expand markets, and attract new customers. This tool is of particular value to Hispanics, who are increasingly using it to launch small businesses and pursue other economic activities. According to the U.S. Census Bureau, minority-owned firms are growing four times faster than all U.S. firms and accounted for over half of the two million businesses started in the U.S. in the past decade. These trends are incredible and a testament to the entrepreneurial spirit inherent in all Hispanics. Equally as important, these new ventures are critical sources of new jobs. Small businesses represent 99.7 percent of all employers in the United States, employing half of the American labor force, and have produced between 60 and 80 percent of net new jobs in the economy over the past decade. Read the rest of this entry »

as posted by Cato:

Adam Thierer’s lead article in the most recent Cato Policy Report is called “The Sad State of Cyber-Politics.” It goes through so many ways tech and telecom companies are playing the Washington game to win or keep competitive advantage.

It’s a nice set-up to a Washington Post opinion piece from this weekend in which TownFlier CEO Morris Panner talks about the growing riches accruing to Washington influencers:

We are creating so much regulation – over tax policy, health care, financial activity – that smart people have figured out that they can get rich faster and more easily by manipulating rules on behalf of existing corporations than by creating net new activity and wealth. Gamesmanship pays better than entrepreneurship. Read the rest of this entry »

By: Marshall Kirby, Public Policy Analyst

Opti Manufacturing, based in Luquillo, Puerto Rico, won third place in the Latin American regions Entrepreneurial Spirit Award sponsored by UPS.  The contest was an initiative designed to recognize small and medium size enterprises (SME’s or PYME’s in Spanish) for innovation and success.  Opti Manufacturing received $10,000 from UPS and supplies from Hewlett-Packard.  More than 800 businesses entered the contest representing virtually every sector of industries. Read the rest of this entry »

What do you think?  Read the article below and let us know your opinion (some important points by the author are highlighted). . .

by Mike Gonzalez, posted at Politico.com:

The new freshman class in the House includes seven Latino Republicans — four from Western states (read non-Florida Cubans). Throw in two Latino governors in New Mexico and Nevada, and Sen.-elect Marco Rubio (R-Fla.), and looks like the 2010 midterms produced no clear read on where Latinos stand politically.

This ambivalence frustrates both parties — but especially Democrats. Their expectations that Latinos would become the new black — and reliably vote for Democrats at a better than 90 percent rate — were again thwarted.

For the time being, anyway.

Conservatives now need to communicate their message — for which Latinos are surprisingly ready, according to a poll commissioned by The Heritage Foundation.

An even more interesting churning is likely to take place as we move from politics to policy. The political choice Latinos make in individual elections may prove less important than the philosophy of government they eventually embrace — which helps predict their success in America. Read the rest of this entry »

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