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  • U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors

    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors to Increase Small Business Eligibility for Contracting and Loan Programs | site |

    ​​​​​​

    Public Comments Due by Dec. 1



    (October 2, 2020) - - Today, October 2, 2020, the U.S. Small Business Administration published the following information: The U.S. Small Business Administration is seeking public comments on two proposed rules that would revise the small business size standards for businesses in eight North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs. The NAICS sectors reviewed in the first proposed rule are: Agriculture, Forestry, Fishing, and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; and Construction. The NAICS sectors reviewed in the second proposed rule are: Transportation and Warehousing; Informatio
    ...
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  • Redesigned IRS.gov page helps People Closing a Business

    Redesigned IRS.gov page helps People Closing a Business

    Redesigned IRS.gov page helps People Closing a Business| site |


    The page features steps to navigate final tax actions


    (September 30, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON – The Internal Revenue Service today launched a redesigned page on IRS.gov to help business owners navigate the federal tax steps when closing a business. During this difficult and challenging time, the IRS streamlined the "Closing a Business" page into simple steps, so business owners and self-employed individuals can quickly find the information they need. "The IRS realizes small businesses and self-employed individuals are facing challenges in their personal and business lives during these uncertain times," said Eric Hylton, Commissioner, Small Business/Self-Employed Division. "Closing a business is a difficult decision and we want to help ease the burden for people making this tough choice. We r
    ...
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  • American Hotel and Lodging Association Joins Business Leaders to Discuss Response to Coronavirus

    American Hotel & Lodging Association Joins Business Leaders to Discuss Response to Coronavirus| site |



    (March 4, 2020) - - Today, the American Hotel & Lodging Association published the following information: WASHINGTON (March 4, 2020) – Chip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA), today joined leaders from the U.S. Chamber of Commerce, U.S. Travel Association, Airlines for America, and the National Retail Federation to discuss the potential impact of COVID-19 and the business community is responding. Rogers underscored the hotel industry’s commitment to the health and safety of our employees and guests, and encouraged travelers to follow CDC guidance on COVID-19 while recognizing that domestic travel is still possible. “I want to reiterate how critically important the health and safety of our guests and employees is to us as an association and to each and every one of our members,” said Rogers. “As someone who is o...
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  • Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator

    Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator | site |




    Administrator Carranza: “Entrepreneurship is a powerful vehicle for economic mobility, particularly when it is supported by pro-growth policies”


    Ceremonial Swearing-in of SBA Administrator Jovita Carranza. (U.S. Government photo)

    (January 27, 2020) - - The U.S. Small Business Administration (SBA) released (today, January 27, 2020) the following information:

    WASHINGTON – Today, President Donald J. Trump and Vice President Mike Pence conducted the formal ceremonial swearing-in of Jovita Carranza, the 26th Administrator of the U.S. Small Business Administration. Administrator Carranza issued the following statement after her swearing-in ceremony: “It is truly the honor of a lifetime to lead the SBA. I would like to acknowledge the many family members, as...
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  • U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs

    U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs| site |



    Deadline to comment on the Proposed Rule is February 7, 2020


    (January 10, 2020) - - Today (January 10, 2020), the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration is extending the comment period for the proposed rule in the Federal Register to consolidate its Mentor Protégé Programs an additional 21 days in response to the significant level of interest and requests from multiple stakeholders for an extension. The comment period has now been extended to Feb. 7, 2020.

    The SBA is proposing to merge the 8(a) Business Development (BD) Mentor-Protégé Program and the All Small Mentor-Protégé Program to eliminate confusion and remove unnecessary duplication of functions within the SBA. This proposed rule will:
    • Eliminate the requirement
    ...
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  • U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum

    U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum | site |



    (December 5, 2019) - - Today (December 5, 2019), the U.S. Securities and Exchange Commission (SEC) published the following information:

    The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation. The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors gather to craft suggestions for securities policy impacting emerging businesses and their investors. The 2019 Forum was hosted in partnership with the Heider College of Business at Creighton University in Omaha, Nebraska, on Aug. 14, 2019, and marks the first year that the Forum was organized by the SEC’s new Office of the Advocate for Small Business Capital Formation. The report provides an executive summary of the Forum proceedings, the recommendations made by the
    ...
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  • National Tax Security Awareness Week, Day 4 - - - IRS, Security Summit warns Business Owners about being Targets for Identity Thieves

    National Tax Security Awareness Week, Day 4: IRS, Security Summit warns Business Owners about being Targets for Identity Thieves | site |



    (December 5, 2019) - - Today, the U.S. Internal Revenue Service (IRS) published the following information: WASHINGTON — Amid threats from cybercriminals, the IRS, state tax agencies and the tax industry urged employers large and small to step up cybersecurity protections against business identity theft. Identity thieves are displaying a sophisticated knowledge of the tax code and industry filing practices as they attempt to obtain valuable data to help file fraudulent returns. To address this and protect taxpayers and their business returns, the IRS has taken steps to identify and prevent business identity theft. "As the IRS and the Security Summit partners have strengthened our protections against tax-related identity theft, cybercriminals increasingly look for other places to find data to file fraudulent returns," s...
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  • U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum

    U.S. Securities and Exchange Commission Releases Report on 38th Annual Small Business Forum | site |



    (December 5, 2019) - - Today, the U.S. Securities and Exchange Commission (SEC) published the following information:

    Washington D.C., Dec. 5, 2019 — The Securities and Exchange Commission today released a report on the 38th Annual Government-Business Forum on Small Business Capital Formation. The Forum is a unique event attended by SEC Commissioners and staff in which members of the public and private sectors gather to craft suggestions for securities policy impacting emerging businesses and their investors. The 2019 Forum was hosted in partnership with the Heider College of Business at Creighton University in Omaha, Nebraska, on Aug. 14, 2019, and marks the first year that the Forum was organized by the SEC’s new Office of the Advocate for Small Business Capital Formation. The report provides an executive summary of the Forum proceedings, the recomme
    ...
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  • SEC Proposes to Modernize Regulation of the Use of Derivatives by Registered Funds and Business Development Companies

    U.S. Securities and Exchange Commission Proposes to Modernize Regulation of the Use of Derivatives by Registered Funds and Business Development Companies | site |




    (November 25, 2019) - - Today, the U.S. Securities and Exchange Commission (SEC) published the following information:

    Washington D.C., Nov. 25, 2019 — The Securities and Exchange Commission has voted to propose a new rule designed to enhance the regulation of the use of derivatives by registered investment companies, including mutual funds, exchange-traded funds (ETFs) and closed-end funds, as well as business development companies. The proposed rule would provide an updated and more comprehensive approach to the regulation of funds’ derivatives use. “The Commission’s proposal recognizes the extensive changes that have taken place in our capital markets and the fund industry over the past several decades, including the importance of derivatives in effective portfolio management,
    ...
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  • IRS Updates Guidance for Deductible Business, Charitable, Medical and Moving Expenses

    IRS Updates Guidance for Deductible Business, Charitable, Medical and Moving Expenses| site |



    (November 14, 2019) - - Today (November 14, 2019), the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON — The Internal Revenue Service today issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act (TCJA).

    Revenue Procedure 2019-46 , posted today on IRS.gov, updates the rules for using the optional standard mileage rates in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes. The guidance also provides rules to substantiate the amount of an employee's ordinary and necessary travel expenses reimbursed by an employer using the optional standard mileage rates. Taxpayers are not required to use a method described in this revenue procedure and may instead substantiate actual allo
    ...
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  • Federal Election Commission Remains Open for Business, Despite Lack of Quorum

    Federal Election Commission Remains Open for Business, Despite Lack of Quorum

    Federal Election Commission Remains Open for Business, Despite Lack of Quorum | site |



    (September 1, 2019) - - Today (September 1, 2019), the Federal Election Commission (FEC) published the following information:

    WASHINGTON–On September 1, 2019, the Federal Election Commission began working without a quorum of four Commissioners. While the Federal Election Campaign Act of 1971, as amended (the Act), requires an affirmative vote by four Commissioners to make decisions in many areas, including regulations, advisory opinions, audit matters and enforcement, the Commission remains open for business. Staff continues to further the agency’s vital mission of administering the nation’s campaign finance laws.

    The requirements of the Act and Commission regulations remain in effect, and political committees and other filers must continue to disclose their campaign finance activity to the Commission on the regular schedule. FEC staff remains ready
    ...
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  • U.S. Small Business Administration Kicks off National Veterans Small Business Week Nov. 5-9

    U.S. Small Business Administration Kicks off National Veterans Small Business Week Nov. 5-9


    Washington, DC - - (October 29, 2018) - - The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 5-9. “National Veterans Small Business Week is another opportunity for us not only to highlight the success of our nation’s 2.5 million veteran-owned businesses, but also to recognize the areas where there is still work to be done,” SBA Administrator Linda McMahon said. “Entrepreneurship is not a solo mission. I’m proud to be a part of a network that serves the needs of our veteran and military business owners.” SBA district offices and resource partners nationwide, as well as local organizations, will be hosting National Veterans Small Business Week eve...
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  • U.S. Small Business Administration Small Business Lending Momentum Continues in FY18

    U.S. Small Business Administration Small Business Lending Momentum Continues in FY18


    SBA FY18 total loan volume reaches more than $30 billion with more than 72,000 approved loans



    Washington, DC - - (October 15, 2018) - - The U.S. Small Business Administration (SBA) announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. “We are providing tools, resources and access to capital for America’s 30 million small businesses, and our FY18 numbers bear that out,” SBA Administrator Linda McMahon said. “SBA’s 7(a) and 504 loan programs have never been more dynamic, easy to use and accessible—helping small businesses succeed and thrive. Our loan programs in FY18 continue to show strong performance, and we believe the President’s tax cuts and deregulatory actions will help more s
    ...
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  • U.S. Small Business Administration Head says President Trump’s Gift Underscores His Commitment to a Strong, Growing Economy

    U.S. Small Business Administration Head says President Trump’s Gift Underscores His Commitment to a Strong, Growing Economy




    Washington, DC - - (October 3, 2018) - - Today, Linda E. McMahon, head of the U.S. Small Business Administration (SBA), made the following statement upon receiving President Donald J. Trump’s salary donation to boost programs aimed at partnering with veterans and growing our nation’s workforce: “President Trump understands the needs of our nation’s small businesses, and he is committed to putting forward strong policies that promote meaningful and innovative economic growth. The SBA is proud to use this generous gift to further our programs that focus on partnering with small businesses, so they may confidently create or expand their business. Specifically, this gift will assist the SBA with creating a seven-month intensive entrepreneur training program for...
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  • Federal Deposit Insurance Corporation Releases Report on Small Business Lending Survey

    Federal Deposit Insurance Corporation Releases Report on Small Business Lending Survey




    (October 1, 2018) - - The Federal Deposit Insurance Corporation (FDIC) today published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses. The report found that banks of different sizes approach small business lending differently, but that, overall, relationships are important for both small and large banks. Small banks, defined in the report as those with assets of less than $10 billion, are more likely to focus on relationship-based practices to conduct small business lending. Large banks, those with assets of $10 billion or more, are more likely to rely on transaction-based methods. However, both small and large banks place importance on relationships with their small business borrowers, and small business le...
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  • Staff Reporter 1
    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors
    by Staff Reporter 1
    U.S. Small Business Administration Proposes Small Business Size Standard Revisions in Eight Industrial Sectors to Increase Small Business Eligibility for Contracting and Loan Programs | site |

    ​​​​​​

    Public Comments Due by Dec. 1



    (October 2, 2020) - - Today, October 2, 2020, the U.S. Small Business Administration published the following information: The U.S. Small Business Administration is seeking public comments on two proposed rules that would revise the small business size standards for businesses in eight North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs. The NAICS sectors reviewed in the first proposed rule are: Agriculture, Forestry, Fishing, and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; and Construction. The NAICS sectors reviewed in the second proposed rule are: Transportation and Warehousing; Informatio
    ...
    10-07-2020, 03:41 AM
  • Staff Reporter 1
    Redesigned IRS.gov page helps People Closing a Business
    by Staff Reporter 1
    Redesigned IRS.gov page helps People Closing a Business| site |


    The page features steps to navigate final tax actions


    (September 30, 2020) - - Today, the U.S. Internal Revenue Service (IRS) published the following information:

    WASHINGTON – The Internal Revenue Service today launched a redesigned page on IRS.gov to help business owners navigate the federal tax steps when closing a business. During this difficult and challenging time, the IRS streamlined the "Closing a Business" page into simple steps, so business owners and self-employed individuals can quickly find the information they need. "The IRS realizes small businesses and self-employed individuals are facing challenges in their personal and business lives during these uncertain times," said Eric Hylton, Commissioner, Small Business/Self-Employed Division. "Closing a business is a difficult decision and we want to help ease the burden for people making this tough choice. We r
    ...
    10-01-2020, 11:03 AM
  • Staff Reporter 1
    American Hotel and Lodging Association Joins Business Leaders to Discuss Response to Coronavirus
    by Staff Reporter 1
    American Hotel & Lodging Association Joins Business Leaders to Discuss Response to Coronavirus| site |



    (March 4, 2020) - - Today, the American Hotel & Lodging Association published the following information: WASHINGTON (March 4, 2020) – Chip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA), today joined leaders from the U.S. Chamber of Commerce, U.S. Travel Association, Airlines for America, and the National Retail Federation to discuss the potential impact of COVID-19 and the business community is responding. Rogers underscored the hotel industry’s commitment to the health and safety of our employees and guests, and encouraged travelers to follow CDC guidance on COVID-19 while recognizing that domestic travel is still possible. “I want to reiterate how critically important the health and safety of our guests and employees is to us as an association and to each and every one of our members,” said Rogers. “As someone who is o...
    03-05-2020, 10:23 PM
  • Staff Reporter 1
    Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator
    by Staff Reporter 1
    Jovita Carranza Sworn in as 26th U.S. Small Business Administration Administrator | site |




    Administrator Carranza: “Entrepreneurship is a powerful vehicle for economic mobility, particularly when it is supported by pro-growth policies”


    Ceremonial Swearing-in of SBA Administrator Jovita Carranza. (U.S. Government photo)

    (January 27, 2020) - - The U.S. Small Business Administration (SBA) released (today, January 27, 2020) the following information:

    WASHINGTON – Today, President Donald J. Trump and Vice President Mike Pence conducted the formal ceremonial swearing-in of Jovita Carranza, the 26th Administrator of the U.S. Small Business Administration. Administrator Carranza issued the following statement after her swearing-in ceremony: “It is truly the honor of a lifetime to lead the SBA. I would like to acknowledge the many family members, as...
    02-11-2020, 04:42 AM
  • Staff Reporter 1
    U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs
    by Staff Reporter 1
    U.S. Small Business Administration Extends Comment Period for Consolidation of Mentor Protégé Programs| site |



    Deadline to comment on the Proposed Rule is February 7, 2020


    (January 10, 2020) - - Today (January 10, 2020), the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration is extending the comment period for the proposed rule in the Federal Register to consolidate its Mentor Protégé Programs an additional 21 days in response to the significant level of interest and requests from multiple stakeholders for an extension. The comment period has now been extended to Feb. 7, 2020.

    The SBA is proposing to merge the 8(a) Business Development (BD) Mentor-Protégé Program and the All Small Mentor-Protégé Program to eliminate confusion and remove unnecessary duplication of functions within the SBA. This proposed rule will:
    • Eliminate the requirement
    ...
    01-14-2020, 01:01 PM

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