News Across the Country
Minimum wage increases to $8.75
The Illinois Department of Revenue is reminding employers that the the temporary state income tax rate of 5% rolls back to 3.75%.
Michigan small business
Measure Includes Return To $500,000 Expensing Limit
Day after Shumlin concedes defeat to single payer healthcare, small business calls for abolishment of law
News Release--Comment on today’s release of his climate plan.
State Director Mike Durant comments on decision to ban fracking
Gov. Terry McAuliffe’s proposed state budget amendmentswould add up quickly and squeeze the very businesses the governor need...
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
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.
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.