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News Across the Country

New York

NY's Minimum Wage Increases December 31

Minimum wage increases to $8.75

Illinois

Illinois Income Tax Rollback Starts Jan. 1

The Illinois Department of Revenue is reminding employers that the the temporary state income tax rate of 5% rolls back to 3.75%.

Senate

Senate Passes Tax Extender Bill

Measure Includes Return To $500,000 Expensing Limit

Healthcare

NFIB CALLS ON VERMONT LEGISLATURE TO REPEAL ACT 48

Day after Shumlin concedes defeat to single payer healthcare, small business calls for abolishment of law

Washington

Governor Speeding Up What He Should Go Slow On

News Release--Comment on today’s release of his climate plan.

New York

Small Business Weighs in on Bad Fracking Call by Cuomo

State Director Mike Durant comments on decision to ban fracking

Virginia

STATEMENT: McAuliffe Trying to ‘Nickel-and-Dime Small Business to Death’

Gov. Terry McAuliffe’s proposed state budget amendmentswould add up quickly and squeeze the very businesses the governor need...

 

Small Business Headlines

Is This Ronald Reagan Speech More Applicable Today Than Ever Before? | TheBlaze.com

Date: December 17, 2014

“Well, wouldn’t it be nice to hear a little more about the forgotten heroes of America — those who create most of our new jobs?” — President Ronald Reagan, National Federation of Independent Business national conference, June 22, 1983

Expected Tax Breaks Don’t Go Far Enough for Some Small Firms - WSJ

Date: December 12, 2014

The Wall Street Journal highlights the difficulties that small businesses face with expiring tax provisions – such as small business expensing (Section 179). The higher expensing limit is “the most important provision” within the entire tax package for small firms, says Matt Turkstra, a manager of legislative affairs for the National Federation of Independent Business, a Washington small-business lobby group. “It has had a big impact on the purchasing decision of small-business owners,” he says, adding that many small firms held off on making significant investments, as they waited for lawmakers to act. Among other measures, the lobbying group and other small-business advocates are calling on Congress to make the $500,000 expensing limit permanent.

4 Things Every Business Owner Should do to Have a Financially Happy New Year

Date: December 11, 2014

Will 2015 be your year? The economy is slowly gaining speed, and according to the National Federation of Independent Business’ small business optimism index, owners are also becoming slightly more optimistic about the future. But optimism without planning and strategy is just a pipe dream. If you really want to achieve a banner year in 2015, you’ll need to attend to some basic financial aspects of your business. Here are four resolutions you can make to improve your chances of having a financially happy new year.

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