Ninety days after Hurricane Sandy struck the Northeast, the U.S. Small Business Administration crossed the $1 billion threshold of approved loans to more than 16,800 homeowners, renters and businesses. This makes Hurricane Sandy, in terms of SBA disaster lending, the third largest natural disaster in U.S. history, behind Hurricanes Katrina/Rita/Wilma ($10.8 billion), and the Northridge Earthquake ($4 billion).
You love your staff and want to show it by giving them more in a tangible way. Increasing their pay may not be the best strategy for you or your employees. Added pay is taxable to employees, so they net less (how much less depends on their tax bracket). And added pay has additional costs to you in the form of payroll taxes. What to do? Think about giving them fringe benefits.
Considering options for funding your start-up? Wondering if now is the right time to seek venture capital, but worried about losing control of your business?
Here are some tips for weighing your funding options, finding the right venture capital firm for your needs, and working with them once you’ve received your first injection of seed money.
Is Venture Capital Right for Your Small Business?
The Affordable Care Act will help small businesses by lowering premium cost growth and increasing access to quality, affordable health insurance. Depending on whether you’re a small employer or a larger employer, different provisions of the Affordable Care Act may apply to you as described below.
1. Businesses with Fewer than 25 Employees- Small Business Tax Credits
Think of basketball or soccer. In both of these popular sports, dribbling is what the players do to move the ball in the right direction. It's not the point of the game, it doesn't score baskets or goals, but it's an important skill, right? I think of dribbling as a great analogy for business planning. And here are some reasons why—and some lessons I suggest we can take from that.Read More
Thinking of becoming a freelancer or hoping to make this year’s freelancing more fiscally fruitful than last? Freelancing is a money game and cash flow is king. And while there may be times when your cup runs over, there will no doubt be other times when it looks ominously dry.
To be a successful freelancer—in addition to being good at what you do—you need to be agile, tenacious, a consummate planner and equipped to deal with fiscal downtimes.
Department’s Patent and Trademark Office was honored yesterday for its Patents
for Humanity initiative, a pilot program designed to encourage the use of patented
technology to address humanitarian challenges. USPTO Director Kappos launched
Patents for Humanity in February
2012 as part of a series of Obama administration initiatives to promote
game-changing innovations to solve long-standing development challenges. The
program is an awards competition recognizing patent owners and licensees who
Wisconsin SBA will have a representative from the CCI Surety Bonding Minnesota area in our Milwaukee office on January 24th to conduct a training session on the Surety Bonding Program and how the CCI Surety Bonding Office works with the SBA Programs.
Training will be for both small businesses and the SBA employees.
Surety Bonding: 1:00 – 2:00 p.m.
Location: Ruess Federal Plaza
Small Business Administration
310 W. Wisconsin Avenue, Suite 400 (West Tower)
Should you pay employees for rest and meal breaks? Are you even required to offer such breaks?
We all need rest and meals during work hours and the law stipulates standards for these breaks, including whether your employees should be paid for them. Here’s what you need to know:
Federal Wage and Hour Laws
January is the month when we promise ourselves we will change for the better…we say we will eat better, work out more and spend more time with our loved ones. And by February, we find ourselves right back into our old habits.
If you’re really lucky, the holidays may have provided a mental and physical break and rejuvenated your fervor for your business. Hopefully, you were able to spend time with family and friends and were reminded about what you work so hard for, and proved that time away from your work can do your work good.