Today, in conjunction with the
newly-launched BusinessUSA initiative,
the Department of Commerce announced the launch of their business app
challenge. The $10,000 contest challenges app developers to find
innovative ways to utilize Commerce and other publicly available data and information
to support American businesses. The business app challenge calls
on developers to utilize at least one Department of Commerce data set in
creating an application that assists businesses and/or improves the service
SBA employees had the opportunity to hear from Cathy Hughes, the founder of Radio One, who also serves as the Chair of the SBA’s Council on Underserved Communities.
Hughes, who herself started Radio One with the support of an SBA loan in 1979, now runs the largest black-owned media company in the country, and in 2004 launched TV One, a national cable and satellite television network.
Several blog posts on SBA.gov offer plenty of advice on how to hire, mentor, and motivate employees. We also frequently tackle the issue of dealing with difficult or disruptive employees. But what happens when you find yourself at the end of the road with no choice but to terminate an employee?
What steps must you take? What does the law require? What are the employee’s rights? What should you do about employee benefits and continuing health care coverage?
Once you have established a corporation or limited liability company you will need to obtain a Federal Tax Identification Number also known as an Employer Identification Number (EIN).
An EIN number is mandatory, because without one, your corporation will be ineffective for building business credit. A Federal Tax ID or EIN is the corporate equivalent to a social security number. It’s a nine-digit number assigned by the IRS to business entities operating in the U.S. in order to identify each company.
One of the lesser-known benefits of good business planning is collaboration. And it comes from the three r-words: review and revise regularly.
What’s collaboration? In business it’s about dividing tasks, optimizing use of resources, sharing information, and working together. Collaboration includes agreeing about what’s supposed to happen and then making it happen. It also includes tracking and sharing information about results, understanding and sharing what went right or wrong, and agreeing on course corrections.
Earlier today, Secretary Bryson spoke to the first-ever State Department Global Business Conference during an afternoon plenary session entitled, “What the Government Can Do for
Business.” He discussed his top priorities as Commerce Secretary: supporting advanced
manufacturing, increasing U.S. exports, and attracting more investment to the
U.S. Bryson highlighted efforts at making the Commerce Department an effective partner
and resource for American businesses.Secretary Bryson focused on the Administration's jobs effort, saying
We are tremendously excited by the recent reauthorization of the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) program. The program is an important one to small businesses, each year providing more than $2 billion of R&D funding to innovative small business across a broad range of technologies. After a long series of temporary reauthorizations, Congress voted to reauthorize the program and the President signed the bill into law on December 31, 2011.
According to a
recent industry study, cyber crimes cost the global economy $388 billion
annually in both direct financial losses and the value of lost time dealing
with the effects of cyber crime. The study found that about 431 million adults
are victims of cyber crime each year.
recent study found that annual cyber crime costs for larger U.S. companies
averaged about $5.9 million each with
a 44 percent increase in the number of successful cyber attacks compared to the
Collecting sales tax is one of the most confusing aspects of transacting business – online and off!
In fact, questions about sales tax are among the most frequently asked on the SBA.gov Community “Filing and Paying Taxes” discussion thread. Questions abound. When does sales tax apply? What transactions are exempt? What happens if you are selling online or to someone outside your sales tax jurisdiction?
Whether you’re starting a new business or expanding into e-commerce, here’s what you need to know about your sales tax obligations:
What is sales tax?
Today, SBA Deputy Administrator Marie Johns and Washington, DC Mayor Vincent Gray kicked off a new initiative – HUBDC -- to help District of Columbia small businesses participate in SBA’s HUBZone program. HUBDC is a partnership between the DC government and SBA designed to help small businesses in the District get access to federal procurement opportunities and set-asides.
Today’s announcement is the first of 68 HUBZone outreach events at SBA offices throughout the country.