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Bloomberg Business Week: Small Business: Still Waiting for Recovery
Nov 19, 2010
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By John Tozzi; Bloomberg Business Week
The recovery that began in the middle of last year hasn't reached small businesses yet. While corporate profits approach pre-recession levels, income at small private companies is recovering much more slowly, according to data from the Bureau of Economic Ana...
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Wall Street Journal: Tax Hikes and the Small Business Job Machine
Nov 17, 2010
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By John Engler and Jerry Howard; Wall Street Journal
Speaking at his first cabinet meeting after the midterm election, President Obama repeated his familiar call for extending the current tax rates for middle-class families. He also vowed to support business. "We've got to provide businesses som...
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Portfolio: It's Main Street vs. Wall Street at the Fed
Nov 16, 2010
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By Steve Rosenbush; Portfolio
Conservative lawmakers and economists are pressing the Federal Reserve to drop its monetary-driven agenda for promoting economic growth in favor of the small-business platform of lower taxes and less regulation. The Wall Street Journal reported Monday that a growing ...
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Financial Times: US Banks See Demand for Business Loans Drop
Nov 9, 2010
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By Robin Harding; Financial Times
Bank loan officers say that demand for loans from small US companies fell in the past three months, casting doubt on how much the Federal Reserve can stimulate the economy.
Twenty-nine per cent of banks said that demand for loans from companies with sales belo...
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Fox Business: How Higher Taxes Will Impact Your Small Business
Oct 28, 2010
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By Gail Buckner; Fox Business
What’s the most common form of business in this country? (Hint: it’s not “corporation.”) In fact, the United States is the only developed nation in the world where the majority of companies are not what the IRS calls “C” corporations -- the kind that make up the S&...
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Christian Science Monitor: IRS Targets Small Businesses
Oct 28, 2010
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By Jeff Cornwall; Christian Science Monitor
The IRS seems to have it in for small businesses these days.
There is the new rule recently passed that require the issuance of 1099's for any purchase over $600. Many fear that this is lays the groundwork for an additional new tax system based on a V...
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Bloomberg News: Employers in U.S. Start Bracing for Higher Tax Withholding
Oct 27, 2010
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By Timothy Homan; Bloomberg News
Employers in the U.S. are starting to warn their workers to prepare for slimmer paychecks if Congress fails to vote on an extension of Bush-era tax cuts.
“I’ve been doing payroll for probably close to 30 years now, and never have we seen something like this wher...
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The Hill: IRS Continues To Dodge Questions On 1099 Rule
Oct 26, 2010
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By Jaf Heflin; The Hill
Despite repeated requests from House Small Business Committee ranking member Sam Graves (R-Mo.) for how the IRS intends to implement the 1099 reporting rule, IRS Commissioner Douglas Shulman continues to decline to provide him the information.
"I am extremely disappointe...
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