September 2010
2 posts
Additional info on the new Small Business Law
In checking some additional sources I found this new info from USA Today
According to USAToday, some elements the new bill contains include:
· The bill immediately extends the SBA Recovery Act provisions. In a few days, it will restart the SBA’s Recovery lending, beginning with the more than 1,300 small businesses that have been waiting to get the credit they need.
· ...
New Small Business Law !
GREAT News…. The Small Business Jobs Act will allow self-employed individuals to fully deduct the cost of their health insurance from their self-employment taxes for 2010. Currently, self-employed individuals are prohibited from fully deducting the cost of their health insurance from their self-employment taxes, resulting in an additional tax that no other worker or business owner is forced...
July 2010
1 post
2011 Tax hikes are coming !
Hey fun people….
Lets take a look at what’s going to be happening tax wise in a few months from now.
Income tax bracket changes for 2011
In case you weren’t aware, the Bush tax cuts of 2001 and 2003 are set to expire at the end of 2010. Thus, if Congress doesn’t act, the relatively low income tax rates that we’ve been enjoying (hah! enjoying?) will soon be a thing of the past. They will be...
June 2010
4 posts
Family and Small Business ALERT !
Family and Small Business ALERT !
Dave Gibson, writing for the Philadelphia Examiner just wrote the following article..
Obama may be planning to grant amnesty to illegal aliens by executive order
Obama knows that there will be no vote before November, on so-called ‘comprehensive immigration reform,’ (amnesty for illegal aliens). Unable to deliver amnesty as he promised, at least...
Some Bills that just won’t go away… will hurt...
Hey there Fun People !!!
One thing that most people don’t know is that Bills that are introduced into the U.S. Congress or Senate just don’t go away after a period of time but get “caught up” in committees for what seems like, and at times is, forever.
The problem with that is that these bills sit on the back burner until the legislators feel that they might have the chance of passing...
Its all in how you say it.... FAMILY business or...
Hey Fun People !!!
One of the issues that all family businesses deal with has a lot to do with which word you put the emphasis on: family or business. We must remember that we are dealing with two of the most important demands in our lives: Families and business.
Those who view it as a “family business” put their family relationships before the best interests of the business. Often they...
Hey there fun people !!!
I keep a close eye on all governmental issues as well as any notifications that effect family business. (In fact I was just in attendance at a Congressional Hearing on Small Business loans)
I just received this information from Gov.Benefits.gov and I felt that it is so important that I wanted to share this with you. Be sure to visit and join the Family Business...
May 2010
8 posts
Are You Ready for 2011?
Morning fun People!!!
Two things that make time fly… one is when your having fun, and the other is when there is a new law that requires you as an employer to take some form of action.
Also, don’t forget to visit us at the Family Business Chamber of Commerce.
Before you know it we will be in 2011 and a whole new set of laws will take effect. Some you may know about and others you may...
How is the Health Care Tax Credit Calculated ?
Morning Fun People !
Hmmm.. well its not easy to follow this as they wrote it in standard legalese which means it takes hours to decipher what they are trying to say.
HOWEVER, here it is and Ill add some examples to make it easier for everyone.
Again, a HUGE thanks to my close friend, Attorney Albert Lee from Tucker/Arensberg from the Pittsburgh Office.
Ready… ok lets rock.
How is...
Key Facts about the Health Care TAX CREDITS for...
Morning Fun People !
Well my cold is much better today, I can only figure that its because I have been talking about Health Care :)
Before I start I do encourage you to go to the Family Business Chamber of Commerce website at www.familybusinesscc.com Tomorrow Ill blog about that but for now let me cover some of the key facts about the Tax Credits for Small Business.
1) The small...
NEW Fair Labor Standards provision regarding...
Morning Fun People,
Well hope everything is going well with all of you and your businesses. I was at a Congressional Hearing a few days ago concerning government loans for small business as they are looking for a way to alter the current way the loans are given out. I’ll keep you informed as things develop.
I seemed to have caught a bit of a cold… must be all my talk about Health Care so I...
Full Time Employee or Full Time Equivalent (FTE)...
Hey Fun People,
Well I always thought that a full time employee was a full time employee that that was that but there are several different ways that the government looks at it.
According to the “Play or Pay Mandate” of the new Health Care Law… “a full time employee (works 30 hours or more a week)” and the Play or Pay restrictions follow that guideline.
...
Changes Required To Be Made in Health Care in 2010
Morning fun people,
Before I get started there are a few things that all of you need to know.
The Family Business Chamber of Commerce (www.familybusinesscc.com) is “A” political. We neither support nor condemn either political party. Our goal is to support and encourage Family Business, to help them to be successful and profitable. It is also share information that they may...
New Health Care Law and its effect on Family...
Morning Fun People
I’m having breakfast today with several of the top HR attorneys and talking with them about what this new health care law means to business.
Now they don’t have ALL the answers because the government has yet to provide the majority of the regulations and clarifications. BUT, what is known is important so as soon as I finish getting the information directly, Ill pass...
The First Family Business Blog Post !
Welcome fun people… I glad your here! My name is Rich Wilson and I’ve been involved with family businesses for as long as I can remember.
So who is this blog for? Anyone that is part of a family owned or family controlled business, those that work for a family business, those that are thinking about starting a family business and lets not forget all the professionals that serve as...