Unpacking the Stimulus Package, Vol. 8 The National Small Business Association’s (NSBA) Mid-Year Economic Report, released today, indicates that small businesses are struggling despite stimulus help, with decreases in three key indicators of a healthy business – revenues, profits and employee size. Despite Small Business Administration’s “ARC” loan program (America’s Capital Recovery) and expanded 7(a) [...]
Unpacking the Stimulus Package, Vol. 7 Treasury Department officials are considering a plan to help small businesses by diverting some of the billions of dollars approved for bank bailouts to small businesses, but stress that “any consideration of this idea is extremely preliminary.” Treasury Secretary Timothy Geithner showed support for the proposal at a White [...]
Unpacking the Stimulus Package, Vol. 6 The stimulus package expanded consumer tax incentives for homeowners who make energy efficient home improvements and for individuals and businesses that purchase or lease hybrid vehicles. These consumer tax benefits, initially introduced in the Energy Policy Act of 2005 (EPACT), have been extended through 2010. In addition, the total [...]
CFLs, LEDs, incadescents… there are so many options out there for lightbulbs these days, and each has its own advantages and drawbacks. Incandescent bulbs are the traditional lightbulbs that we all grew up with, and have been commercially popular since the days of Thomas Edison. However, incandescent bulbs emit not only light but also heat, [...]
Unpacking the Stimulus Package, Vol. 3 The Stimulus Package created, extended or expanded several business tax deductions and credits to help small businesses struggling as a result of the economic downturn. As some of these tax breaks are only available this year, companies have just a few months to take action. Here are some of [...]
Unpacking the Stimulus Package, Vol.2 Small businesses hoping to take advantage of the SBA’s America’s Recovery Capital Loan Program (“ARC”) should be proactive in securing their place in the program, which only allows for about 10,000 loans nationwide, or an average of 200 per state. The SBA anticipates a high demand for these loans, so [...]
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