National Business Association

Government Contracting Classroom - New Online Training Resource

2012-02-10T08:13:00.001-06:00

As a former government contractor, I know how hard it can be to succeed in federal government procurement. You face challenges every day as a business owner, an employer, and a service provider.

That’s why as the Acting Associate Administrator of Government Contracting and Business Development at the SBA it is a priority of mine to make sure that we provide as much information to you as possible about our efforts to support small business government contracting. We want to provide you, the small business owner, pertinent and relevant information in an understandable format. That’s why today, SBA is pleased to spotlight three new online training courses meant to help small businesses interested in government contracting learn about the process - the Government Contracting Classroom.

The GC Classroom is an online training destination where small businesses can acquire the confidence and know-how to participate in the federal contracting space. The new online contracting series is called Government Contracting 101, Parts 1-3. Part 1 provides an overview of the small business contracting programs so you know what is available to you as a small business owner. Part 2 is designed to help small firms understand how the government buys goods and services. Part 3 is about how to sell to the government. All three modules include a “resources and tools” section with links, materials and more that could be useful.

These three new modules add to the five existing, free self-paced training modules, all designed to help small firms benefit from the more than $500 billion in federal contracts that are awarded each year. We have big plans to add more information in the coming months, so keep checking the GC Classroom, and www.sba.gov, for more updates and information.

by John Shoraka, SBA Official (www.sba.gov)
John Shoraka is the Acting Associate Administrator for Government Contracting and Business Development.

Is a Business Blog an Option?

2012-01-28T14:34:00.000-06:00

Having a blog for your business is no longer an “option” but a “must” to function as a viable entity. It should become a core building block of your small business.

In a recent poll conducted by the National Business Association, 89% of respondents had a blog for their business. A blog gives your business a new platform to engage your clients in a collaborative manner to accomplish several things. Possibilities as endless and depend on your imagination and creativeness.

Bear in mind that once you post your blog on the Internet, search engines such as Google will include your post in their search index by the title of your blog, tagline and give an excerpt of your post. View your post on different search engines AND mobile devices. Experiment with different taglines. Here is a snapshot of results when I entered "Is a Business Blog an Option?" on Google. You should go to Google and do the same. You will find my post on Page 2.... Here is a snapshot of how my blog posts using Google's Blogger are displayed on a iPhone.

A good rule of thumb for a blog post? A blog post should be easy for you AND your customer to use. It should be well written and "easy on the eye". Along with a title, give a precise introduction to your post and what your reader can expect should they decide to continue reading your post.

The average time a typical users gives you is about 2 seconds. Your reader will want to know what to expect in less than “140 characters”—the mindset of texting and instant gratification. With this in mind, make sure your posts are formatted for a mobile device as well. Google's Blogger (www.blogger.com) for example does an awesome job of displaying title post with a couple of introduction lines for you. No matter who you use to host your blog, make sure your blog post is mobile as detailed in an earlier post titled "Is your Website Mobile....

Next week, let's explore one of many marketing strategies how someone in the service industry (like a plumber for example) could use a blog to increase new business, retain existing customers and eventually grow their block of business.

"Guard well your spare moments. They are like uncut diamonds. Discard them and their value will never be known. Improve them and they will become the brightest gems in a useful life." - Emerson

Credit: Raj Nisankarao, Rajrae Enterprises - www.rajrae.com

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Add These 10 Tasks to Your 2012 To Do List

2012-01-22T08:00:00.001-06:00

What does 2012 have in store for you? Alongside the anniversaries, birthdays, vacations and other big dates looming in the year ahead, here are 10 key dates that financial planning experts suggest you circle on your calendar (or in your smartphone calendar app). Let’s count them down:

10. Open a 2012 tax folder. Here’s the place to put all your tax documents for the coming tax year, from receipts for business expenses and charitable donations to investment statements and more. Keeping it together from the get-go will make life much easier come tax preparation time.

9. Check your credit score. From the rate you pay on a loan or a credit card to your ability to get a job or a mortgage, your credit score matters. At least once a year, request a free credit report from www.annualcreditreport.com (1-877-322-8228) and review the report for inconsistencies and other issues that need addressing. Then request your credit score from at least one of the major credit bureaus: Experian (www.experian.com; 1-888-397-3742), Equifax (www.equifax.com; 1-800-685-1111) and TransUnion (www.transunion.com; 1-800-888-4213).

8. Assess debt. Set aside an hour or two to take stock of what you owe on credit cards and other debts, and the extent to which you’re making progress paying down those debts. Having trouble managing debt? Consult a financial planner about a debt-reduction plan. To find a planner in your area, check out the Financial Planning Association’s online database at www.fpanet.org/PlannerSearch/PlannerSearch.

7. Take time to tax-plan. Sometime in the early fall, meet with a tax adviser to plan your tax strategy for the remainder of the current tax year and the one to follow. “The fall is a good time to tax-plan, so you can start the new year with a strategy in place,” said Mark O. Flaherty, a certified financial planning professional with Virginia Asset Management in Norfolk, Va.

6. Take stock of investments. Sit down with a financial planner or investment adviser once a year to assess the performance of your investments relative to your needs and goals. Then, in light of that assessment, determine how best to allocate those assets to keep you on track toward meeting those needs and goals.

5. Make time for a mid-year financial update. Sometime in June or July, meet with a financial planner for a big-picture, “how are we doing” midpoint assessment of your financial situation: investments, insurance, retirement and education savings, etc. If you don’t currently have a relationship with a financial planner, use the FPA online database referenced above to find one.

4. Be proactive during open enrollment. Don’t let the employee benefits open enrollment period (typically a several-week window during the fourth quarter of the year) pass without seizing the opportunity to revisit and, if necessary, revise your benefits package so it best fits your needs.

3. Review your estate plan and/or will and update them as needed. Your will is a legal document specifying your wishes for the handling of your affairs including children, financial assets, etc. upon your death. It may be part of a broader strategy known as an estate plan. As your circumstances change, your will and estate plan should change, too. Once a year, visit with an estate attorney or financial planner to see if your will/estate plan requires updating.

2. File your tax returns on time. Most people are obligated by law to file both federal and state returns. This year the filing deadline for 2011 federal and state returns is April 17, 2012.

1. Review your financial plan (or get a plan if you don’t have one already). You need a financial roadmap to get where you want to go in life. A financial plan functions as that roadmap, integrating most of the aforementioned issues and considerations into a single plan. To be sure you’re still on course, meet with a financial planner at least once a year.

Credit:

This column is provided by the Financial Planning Association^® (FPA^®), the leadership and advocacy organization connecting those who provide, support and benefit from professional financial planning. FPA is the community that fosters the value of financial planning and advances the financial planning profession and its members demonstrate and support a professional commitment to education and a client-centered financial planning process. Please credit FPA if you use this column in whole or in part.

15 Tips on Negotiations

2012-01-21T12:14:00.005-06:00

"The first thing to decide before you walk into any negotiation is what to do if the other fellow says no" - Ernest Bevin.

I was at the Dallas Small Business Development Center (DSBDC) the other day participating in a breakfast roundtable on “How to Manage Costs Through Growth”. There were several guides and handouts at the Center but one in particular piqued my interest. It was a rather faded handout on “negotiations”. It was in black and white, had a simple border and appeared to have been in circulation for quite some time—you know a copy of a copy of a copy…. The handout does not give credit to any individual or organization so I have no idea who to give credit to except perhaps the DSBDC.

Here are the 15 tips on negotiations:

Always leave some money on the table.
Never compromise on your principles.
Try to judge what’s fair from the other side’s point of view.
Write down your goals and scenarios before every negotiation.
Ask Questions.
Information is power.
Discuss only broad terms and conditions on the onset.
Whenever possible let the other side make the first offer.
If you must make the first offer, make it high.
Always encourage the other party that we are making a deal.
Always come down very slowly if you are selling, and up very slowly if you are buying.
Never give up a concession without getting one in return.
Never lose track of how many concessions you have given up.
Be skeptical about deadlines—most are negotiable.
Never let an issue be discussed unless you are prepared—sleep on it.

Credit: Rajrae Enterprises (http://rajrae.blogspot.com/2011/12/15-tips-on-negotiations.html

IRS Announces 2012 Standard Mileage Rates, Most Rates Are the Same as in July

2012-01-20T15:26:00.000-06:00

WASHINGTON — The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

55.5 cents per mile for business miles driven
23 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The rate for business miles driven is unchanged from the mid-year adjustment that became effective on July 1, 2011. The medical and moving rate has been reduced by 0.5 cents per mile.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs as determined by the same study. Independent contractor Runzheimer International conducted the study.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.

These and other requirements for a taxpayer to use a standard mileage rate to calculate the amount of a deductible business, moving, medical or charitable expense are in Rev. Proc. 2010-51.
Notice 2012-01 contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.

Related Item: IR-2011-104, In 2012, Many Tax Benefits Increase Due to Inflation Adjustments

Credit: Internal Revenue Service (www.irs.gov) - http://www.irs.gov/newsroom/article/0,,id=250882,00.html

Tax Strategies for a Mobile Office

2012-01-08T09:54:00.002-06:00

If Starbucks is your headquarters and you spend much or most of your time out and about, you may be part of a growing group of business owners who work on a mobile basis. A laptop, tablet, and Smartphone enable you to set up an office just about anywhere. Certainly, not having to pay office rent cuts your overhead substantially. Being mobile also gives you more flexibility in scheduling and running your business. But you still have costs for working on a mobile basis. Here are the tax rules you need to know.

Home office deduction
Even if you don’t spend all your time working from home, you may still qualify to treat a portion of your residence as a home office. This entitles you to deduct costs related to the home office, including rent (if you are a tenant), real estate taxes, mortgage interest, and depreciation (if you own your home), utilities, insurance, etc.

To claim this deduction, your home office must be your “principal place of business.” Usually, this means the place where you earn your money. However, the tax law lets you treat your home office as your principal place of business if you use it to do substantial administrative activities and you have no other fixed location. Thus, if you use your home office to schedule appointments, keep your books, order supplies, do research, and do other business activities, the home office can qualify as your principal place of business.
Caution: The space you call your home office must be used regularly and exclusively for business. Your kitchen won’t work as an office because you eat there.
Home office deduction rules are explained in IRS Publication 587, Business Use of Your Home.

Travel costs
Once you establish that your home office is your principal place of business, then any travel to and from the office for business purposes—to see a customer, prospect, or vendor, or go to an office supply company, the post office, or the bank—becomes a deductible business expense. If you use your personal car, truck, or van for business travel, you can write off the business portion of vehicle usage in one of two ways:

Deduct your actual costs;
Deduct business mileage based on an IRS-set rate. For 2011, the rate is 51¢ per mile for the first half of the year and 55.5¢ per mile for the second half of the year.

Either way, you can also deduct your parking and tolls. However, to claim any deduction you must keep a good record of your business driving. For each trip, note the mileage (odometer reading), the date, destination, and purpose of the trip.
Rules for deducting your vehicle expenses are explained in IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses.

Technology costs
Usually, you have to depreciate the cost of any item that is expected to last for more than one year. However, two tax rules in 2011—the Section 179 deduction (first-year expensing) and 100% bonus depreciation—effectively allow you to write off the cost of a technology item purchased this year.
Laptops and tablets. The cost can be written off in the year you buy the item and place it in service (i.e., start to use it for business). Rules on writing off such items are explained in IRS Publication 946, How to Depreciate Property.

Smartphones. Monthly service fees are fully deductible. As long as you use the phone primarily for business, then any personal use can be ignored for deduction purposes.
Apps. While many apps are free, you may want to buy certain apps to help you work on a mobile basis. For example, you may need an app to process payments on the fly, such as *Square (2.75% per swipe for all major credit cards), *PAYware Mobile (the encryption sleeve costs $149 and there are transaction fees), or Intuit’s *GoPayment (the card reader costs $179.95 and there is a monthly service fee of $12.95). Monthly fees are currently deductible. The cost of buying a device is treated the same as buying any other hardware, explained earlier.

Final word
Work with a knowledgeable tax advisor to make sure you’re getting all the deductions you’re entitled to. While you’re pounding away at your laptop at Starbucks, you can’t deduct your latte!

* Denotes a nongovernment Website.

About the Author

Barbara Weltman is a respected corporate speaker, contributing editor, author of more than a dozen books from major publishers, sought-after expert media source, newsletter publisher and, more than ever, a trusted advocate for small businesses. The original post appeared on the US Small Business Administration Community at http://community.sba.gov/community/blogs/guest-blogs/industry-word/tax-strategies-mobile-office from Barbara as a guest blogger.

Since the publication of her J.K. Lasser’s Tax Deductions for Small Business in 1995, Barbara Weltman has built a reputation as an experienced and helpful source for small business advice.
A tax and business attorney since 1977, Barbara has the knowledge entrepreneurs need to get ahead and stay ahead. Whether she’s writing books on small business taxes, legal issues for business and business finance topics, speaking to corporate groups, teaching and consulting, guesting on popular radio shows, or publishing her Big Ideas for Small Business® newsletter, Barbara isn’t just in the game—She’s ahead of it. Read more

Business Startup Checklist from NBA Partner, BizFilings

2012-01-07T16:05:00.001-06:00

After you’ve evaluated your business idea, determined startup costs and researched the market, you’ll be ready to take on the next steps to starting your business. Track your progress as you go with this business startup checklist.

	Step	Date Finished
	Prepare a business plan
	Incorporate your business or form an LLC Address necessary post-incorporation formalities
	Obtain your federal tax identification number (also called employer identification number or EIN)
	Obtain a state tax identification number, if applicable
	Obtain the necessary business licenses and permits
	Select an accountant
	Select an attorney
	Open a business bank account and obtain a business credit card
	Set up your business accounting/bookkeeping
	Establish business credit
	Obtain business insurance
	Ensure you comply with government requirements (e.g., unemployment insurance, worker’s compensation, OSHA, payroll tax requirements, self-employment taxes, etc.)
	Determine your business location and take these steps: Home-based: check zoning requirements Other location: Lease office or retail space and obtain the necessary furniture, equipment and supplies
	Create any necessary contracts, service agreements and invoices so you can easily bill customers, track payments and keep records.
	Obtain business financing
	Create business cards, letterhead, envelopes, etc.
	Secure a domain name
	Create a website
	Create a marketing plan

Credit: BizFilings

BizFilings the small business incorporator, is here to support National Business Association members with information, as well as a discount on your incorporation and related services order. For more information about benefits and special discounts for NBA members from BizFilings, click here.

How to Become a “Green” Business Consultant

2012-01-06T09:50:00.003-06:00

Are you interested in environmental responsibility and stewardship? Think you’ve got the skills to turn this into a career? Becoming a “green consultant” might be the ideal home-based business opportunity you’ve been looking for.

According to Rieva Lesonsky, CEO of GrowBiz Media, green consultants who help businesses assess their environmental footprint and develop sustainable strategies are poised to be the next hot industry, growing 9.4 percent per year to $30 billion in 2016.

The environmental industry is, of course, thick with regulatory standards and laws. This creates an obvious opportunity as businesses look to outside experts to help them with compliance. However, it also means you’ll need not only an entrepreneurial passion, but the willingness to fine tune your skills, know the industry well, and find and grow a profitable niche – largely on your own.

If you think being a green consultant is for you, here are some considerations and resources that can help you plan your new venture.

Are You Ready to Be a Consultant?
Being a consultant requires more than just passion and skill; you have to be prepared to run your own business. This can be incredibly rewarding, but it also means everything falls on your shoulders. From sales and marketing to juggling client demands and the obligations of day-to-day business operations (accounting, business law, taxes, etc.). So step back, talk to others who have made the choice to become consultants, and assess if it’s really for you. These resources can also help:

Pick a Field
The environmental industry is vast, so your best bet at success is to pick a field that you know best or have some training or experience in already. For example, if you have construction or architectural training, then you might consider specializing in building energy efficiency. You might even consider using your marketing skills to help businesses develop outreach strategies that spread the word about their sustainable business practices.

Conducting environmental assessments and developing management plans for businesses is another potential field where a consultant can help businesses cut costs, improve efficiencies and reduce their carbon footprint. (This guide from SBA actually includes everything you need to know about the process of creating an environmental management plan for a business.)

Other areas to consider include recycling, telework programs, waste reduction, alternative energy utilization, and regulatory compliance.

Come Up With a Plan of Action
Starting a business as a consultant doesn’t require a lot of upfront investment, but you should still do your research and develop a plan of action that takes into consideration market factors as well as any training costs.

Start by researching the industry. What opportunities exist? What customer challenges can you address? Who are your competitors? What is your unique advantage – i.e. what can you offer to do for your potential clients that they can’t do for themselves? Get more market research tips as well as information on how to market to environmentally-conscious customers in SBA’s Guide to Conducting Market Research.

Another useful tool to help you find your addressable market is this guide from Smallbiz-Enviroweb.org (sponsored by the EPA Small Business Ombudsman) which includes a useful list of organizations with significant small business membership in industries affected by environmental regulations.

Assess Your Training Needs
It’s likely that you’ll need some training to get the right accreditations. Many community colleges offer green business certification programs. You can also search online for green consulting courses that match you with existing green business consultants who will train and mentor you.

Take Advantage of Green Business Resources
Find guides that explain step-by-step how businesses can adopt green business practices, get green product certifications and market their green policies, plus so much more in this comprehensive Green Business Guide from SBA that pulls together resources from across government and non-profit entities.

Calculate Your Rates and Develop a Contract
Most consultants are paid a project rate. For tips on how to calculate your rates read: How to Set and Negotiate your Consulting or Freelance Business Rates. You’ll also need to draw up a standard customer contract. This guide can help: Setting Up a Client Contract: Must Know Information for Freelancers.

Set Up and Register Your Business
SBA’s Home Business Guide includes everything you need to know about starting a home-based business including these essential 10 Steps to Starting a Business. You might also consider incorporating your business to reduce liability, so read Should You Incorporate Your Freelance or Consulting Business?

About the Author
Caron Beesley is a small business owner, a writer, and marketing communications consultant. Caron works with the SBA.gov team to promote essential government resources that help entrepreneurs and small business owners start-up, grow and succeed. This article was posted on the Community Website of the US Small Business Administration at http://community.sba.gov/community/blogs/community-blogs/small-business-matters/how-become-%E2%80%9Cgreen%E2%80%9D-business-consultant

SBA Licenses First Impact Investment Fund in Michigan

2011-07-26T12:58:00.000-05:00

State of Michigan, The Dow Chemical Company, SBA Form Public-Private Partnership To Help MI Small Businesses Grow, Create Jobs

WASHINGTON – Today, the U.S. Small Business Administration announced that InvestMichigan! Mezzanine Fund will be the first licensed Impact Investment Fund in the SBA’s new Impact Investment Initiative. The fund will focus exclusively on providing capital to businesses that are headquartered in Michigan, have a significant presence in Michigan or are in the process of expanding their operations in Michigan so they can grow and create jobs.

SBA will partner with Michigan Growth Capital Partners, L.P., an investment partnership whose anchor investor is the State of Michigan Retirement Systems, and The Dow Chemical Company to provide up to $130 million of investment capital over the next five years to high-growth businesses throughout Michigan. Credit Suisse’s Customized Fund Investment Group structured the InvestMichigan! Mezzanine Fund and will manage the fund in partnership with Beringea, a Michigan-based investment manager. Of the total funding, Dow will provide $15 million; Michigan Growth Capital Partners will provide $35 million; and SBA will provide $80 million, which must be repaid.

“InvestMichigan! is an important new ally in SBA’s commitment to foster small business growth and job creation in underserved communities,” said Administrator Karen Mills. “They’re an experienced team that is well-positioned to drive more investment in small businesses in hard-hit Michigan. We will continue to grow this and other public-private partnerships by licensing more funds, giving taxpayers a strong bang for their buck, and putting more capital in the hands of small business owners to scale up and create good jobs.”

The Impact Investment Initiative is part of Startup America, a White House initiative to bring together public and private organizations to accelerate the growth of America’s entrepreneurs. It will use the infrastructure of the SBA’s Small Business Investment Company Program (SBIC), an established and successful program that operates at no cost to taxpayers. The SBIC program began in 1958 with the mission to improve and stimulate the national economy and small businesses by supplementing the flow of private equity capital and long term loan funds for the sound financing, growth and expansion of small businesses. In FY 2010, the SBIC program provided $1.59 billion of financing to nearly 900 U.S. small businesses.

The Impact Investment Initiative will drive up to $1.5 billion into the hands of small businesses over the next five years. It will combine public and private funding for high growth companies that will generate not only a financial but also a “social” return by focusing on businesses located in underserved communities or communities facing barriers to capital.

Through the Impact Investment Initiative, SBA will commit $1 billion to investment funds focused on investing in underserved markets or in sectors that have been defined as national priorities. Impact investments can be:

• Place-based, targeting small businesses located in or employing residents of low or moderate income areas or economically distressed areas; or
• Sector-based, targeting industry sectors that the Administration has identified as national priorities. Currently only clean energy and education have been identified as priority sectors.

To serve these markets SBA will collaborate with private, institutional investors to identify impact investments and provide expedited licensing and capital to fund managers who qualify to organize and operate an Impact Investment SBIC.

High-growth firms are a small part of the small business community, but they create a large number of net new jobs each year. The Impact Investment Initiative will help high-growth companies receive the funding they need to continue to expand and create jobs in America’s underserved communities and priority sectors.

For more information on the Impact Investment Initiative please visit http://www.sba.gov/content/impact-investment-initiative.

Credit: U.S. Small Business Administration - http://www.sba.gov/
Release Date: July 26, 2011

Contacts: Hayley Meadvin (202) 205-6948 Hayley.meadvin@sba.gov
Dennis E. Byrne (202) 205-6567 dennis.byrne@sba.gov
Release Number: 11-45
Internet Address: http://www.sba.gov/news

SBA’s July Web Chat Offers Tips and Advice on Growing a Home-Based Business

2011-07-19T08:51:00.001-05:00

WASHINGTON – What do Apple Computer, Hershey's, Mary Kay Cosmetics, and the Ford Motor Company have in common? These well-known corporations all started out as home-based businesses. In fact, more than half of all U.S. businesses are based out of an owner's home. Starting a home-based business has many rewards as well as challenges. Join chat host Boyd Wright to learn what it takes to grow a successful home-based business.

WHO: Home-based business champion and small business owner Boyd Wright will host the July Web chat on “Growing a Home-Based Business: What You Need to Know.” Chat participants can get valuable insight from Wright and learn more about working out of your house, starting a home-based business and managing the business within the law. Wright will answer questions on how to grow a home-based business, the benefits and the challenges.

WHAT: SBA’s web chat series provides small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs. Chat participants have direct, real-time access to the web chats via questions they submit online in advance, and during the live session. Chat participants can receive helpful tips and advice on how to grow their businesses.

WHEN: July 28, 2011, 1 p.m. ET

Wright will answer questions for one hour.

HOW: Web chat participants can post questions online in advance and on July 28, join the live web chat by going online to www.sba.gov, and click on the web chat event under What’s New.

To review archives of past web chats, visit online at http://www.sba.gov/tools/monthlywebchat/index.html

Thursday, July 28, 2011, from 1:00 p.m. to 2:00 p.m. EDT

Advisory Date: July 19, 2011
Contact: Cecelia Taylor (202) 401-3059
Advisory Number: MA11-15
Internet Address: http://www.sba.gov/news

Credit: U.S. Small Business Administration - http://www.sba.gov/

Keep Mosquitoes and Ticks From Bugging You This Summer: Take Steps to Prevent Bites

2011-07-14T15:12:00.001-05:00

Summer allows more time for children to play outdoors, but when kids are covered with bug bites after spending time outside, parents may start to worry about disease spread by ticks, such as Lyme disease, or by mosquitoes, such as West Nile virus. Luckily, parents can take simple steps to prevent bites and diseases spread by bugs.

Use an effective insect repellent
Parents may feel overwhelmed by the many bug protection products in the grocery aisle, wondering which ones are best. CDC recommends a variety of effective products. Check the label for one of the following active ingredients:

- DEET
- Picaridin
- IR 3535
- Oil of lemon eucalyptus

Most pediatricians recommend using products with 30 percent or less of these ingredients on kids. Once you’ve bought an insect repellent, use it whenever you and your children are outdoors. Put a few bottles or packets of repellent anywhere you might need them– in the car, by the door, in your bag. Make it easy so you’ll remember. As hard as it may be to think about, any single bug bite has the potential to bring illness, so it’s worth taking a moment for prevention.

Make your backyard a tick-safe zone
While you may think that ticks only live in the woods, ticks can also lurk in backyards. You can take some simple steps to make your backyard more tick-safe. Keep patios, play areas, and playground equipment away from shrubs, bushes, and other vegetation. Also, tick control chemicals are available for use by homeowners, or can be applied by a professional pest control expert.

Check for ticks
After playing outside, don’t make ticks an uninvited guest in your home. Ticks can ride in on parents, kids, and even the family pet, so check your gear and pets as soon as you get inside, even if your outdoor adventures were only in the backyard.

Parents should check themselves and their children for ticks under the arms, in and around the ears, inside the belly button, behind the knees, between the legs, around the waist and especially in the hair. If you find a tick, remove it using fine-tipped tweezers as soon as you notice it. If a tick is attached to your skin for less than 24 hours, your chance of getting Lyme disease is extremely small. But to be safe, watch for signs or symptoms of Lyme disease such as rash or fever, and see a doctor if they develop.

Bathing when you get inside can also help you find ticks and remove them. Additionally, you can tumble clothes in a dryer on high heat for an hour to kill any remaining ticks.

By following simple prevention steps, parents and kids can keep pests away so they can focus on fun outdoor activities like gardening, camping, hiking and just playing outdoors.

For more information, please visit www.cdc.gov/westnile or www.cdc.gov/lyme or call CDC Info at 1-800-CDC-INFO.

Credit: Centers for Disease Control and Prevention - http://www.cdc.gov/

IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams

2011-07-14T13:58:00.001-05:00

WASHINGTON — The Internal Revenue Service today encouraged taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates.

The IRS has noted an increase in tax-return-related scams, frequently involving unsuspecting taxpayers who normally do not have a filing requirement in the first place. These taxpayers are led to believe they should file a return with the IRS for tax credits, refunds or rebates for which they are not really entitled. Many of these recent scams have been targeted in the South and Midwest.

Most paid tax return preparers provide honest and professional service, but there are some who engage in fraud and other illegal activities. Unscrupulous promoters deceive people into paying for advice on how to file false claims. Some promoters may charge unreasonable amounts for preparing legitimate returns that could have been prepared for free by the IRS or IRS sponsored Volunteer Income Tax Assistance partners. In other situations, identity theft is involved.

Taxpayers should be wary of any of the following:

Fictitious claims for refunds or rebates based on excess or withheld Social Security benefits.
Claims that Treasury Form 1080 can be used to transfer funds from the Social Security Administration to the IRS enabling a payout from the IRS.
Unfamiliar for-profit tax services teaming up with local churches.
Home-made flyers and brochures implying credits or refunds are available without proof of eligibility.
Offers of free money with no documentation required.
Promises of refunds for “Low Income – No Documents Tax Returns.”
Claims for the expired Economic Recovery Credit Program or Recovery Rebate Credit.
Advice on claiming the Earned Income Tax Credit based on exaggerated reports of self-employment income.

In some cases non-existent Social Security refunds or rebates have been the bait used by the con artists. In other situations, taxpayers deserve the tax credits they are promised but the preparer uses fictitious or inflated information on the return which results in a fraudulent return.

Flyers and advertisements for free money from the IRS, suggesting that the taxpayer can file with little or no documentation, have been appearing in community churches around the country. Promoters are targeting church congregations, exploiting their good intentions and credibility. These schemes also often spread by word of mouth among unsuspecting and well-intentioned people telling their friends and relatives.

Promoters of these scams often prey upon low income individuals and the elderly.

They build false hopes and charge people good money for bad advice. In the end, the victims discover their claims are rejected or the refund barely exceeds what they paid the promoter. Meanwhile, their money and the promoters are long gone.

Unsuspecting individuals are most likely to get caught up in scams and the IRS is warning all taxpayers, and those that help others prepare returns, to remain vigilant. If it sounds too good to be true, it probably is.

Anyone with questions about a tax credit or program should visit www.IRS.gov, call the IRS toll-free number at 800-829-1040 or visit a local IRS Taxpayer Assistance Center.

For questions about rebates, credit and benefits from other federal agencies contact the relevant agency directly for accurate information.

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Credit: Internal Revenue Service - http://www.irs,gov/ (Issue Number: IR-2011-73)

IRS Nationwide “Fresh Start” Open House Set for Saturday July 16

2011-07-13T10:11:00.002-05:00

WASHINGTON –– The Internal Revenue Service will open the doors to dozens of its Taxpayer Assistance Centers across the country this coming Saturday, July 16, 2011, to answer taxpayer questions and provide help with tax filing issues.

This special event is particularly intended for people who want to make a “fresh start” by taking steps to have liens withdrawn. It also provides an opportunity to those who cannot visit an IRS walk-in office during regular weekday hours to speak with IRS personnel about their tax issues.

A total of 74 Taxpayer Assistance Centers will be open in 34 states, Washington, D.C. and Puerto Rico from 9 a.m. to 2 p.m. local time. Taxpayers can find participating offices by visiting the Saturday Service Locations page on IRS.gov.

“Sometimes taxpayers need one-on-one assistance with their tax issues,” IRS Commissioner Doug Shulman said. “Our goal at these open houses is to provide that and help taxpayers move their issues toward resolution.”

At the last two open houses, IRS personnel helped more than 16,000 taxpayers.

Services Available

The IRS recently adjusted its policies concerning liens by allowing for the withdrawal of a lien when a taxpayer enters into a direct debit installment agreement.

In addition to helping taxpayers with liens, the Taxpayer Assistance Centers will offer the same range of services at the open house that they do during regular weekday hours. For example, taxpayers will be able to arrange or make account payments, inquire about letters, notices or levies on wages or bank accounts, request copies of tax returns or transcripts and find answers to tax law questions. Multilingual assistance will be available.

No appointments are available for the Saturday open house. Service will be provided on a first come, first served basis.

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Credit: Internal Revenue Serivce - http://www.irs.gov/ (IR-2011-75 July 13, 2011)

Media Relations Office Washington, D.C. Media Contact: 202.622.4000

www.IRS.gov/newsroom Public Contact: 800.829.1040

SBA and the American Red Cross Join to Help Individuals and Businesses Prepare for Disasters

2011-07-06T15:00:00.000-05:00

WASHINGTON – The U.S. Small Business Administration and the American Red Cross have joined forces to intensify outreach efforts to educate the public about the importance of having a disaster recovery plan in place.

“Given the recent devastation caused by tornadoes and flooding in communities from New England and the Midwest to the Southern states, and the start of the Atlantic Hurricane season, we recognize the importance of helping people learn how to protect themselves,” said SBA Administrator Karen Mills. “This collaboration with the Red Cross will allow us to draw on each other’s resources to make emergency preparedness a way of life for individuals and businesses.”

“Studies show that between 15 percent to 40 percent of businesses fail following a natural or man-made disaster,” said Gail McGovern, president and CEO of the American Red Cross. “By partnering with the SBA to get more families and businesses prepared for emergencies, we hope to save both lives and livelihoods.”

The core of the SBA-Red Cross agreement is a plan to work with SBA District Offices and its resource partners such as SCORE, the Small Business Development Centers and the Women’s Business Development Centers to promote and, along with local Red Cross chapters, sponsor preparedness training workshops. The two agencies will also work to increase awareness in the business community about the Red Cross Ready Rating™ program. Ready Rating (www.readyrating.org) ™ is a free, self-paced, web-based membership program that helps a business measure its ability to deal with emergencies, and gives customized feedback on how to improve those efforts.

Materials on the Ready Rating program and other disaster preparedness tips will be disseminated to the public virtually, and via printed materials.

Recent disasters have served as a reminder for individuals and businesses to make a plan. Disaster preparedness for homes and businesses should include a review of your property insurance to make sure you understand what is and isn’t covered. Make backup copies of important documents, and store them at an offsite location. Put together an emergency kit, which contains first-aid supplies, cash, bottled water, non-perishable food, a flashlight and plastic garbage bags.

For more preparedness tips for homes and businesses, visit www.sba.gov/disasterassistance.

Credit:
US Small Business Administration - http://www.sba.gov/news
Release Date: July 6, 2011

Contact: Carol Chastang (202) 205-6987
Release Number: 11-44

Managing Summer Heat, Travel With Diabetes

2011-07-06T11:19:00.001-05:00

Summer is here, and so is vacation season. If you have diabetes, make plans to manage your disease while traveling so you can stay healthy and enjoy your trip.

Getting out of the routine is part of the fun of traveling. But if you have diabetes, there's one routine you need to take with you: your care routine.

Meals away from home, time zone changes, summer heat and poor air quality can all affect how well you manage diabetes. Before you hit the road, review these tips for taking care of yourself. If you're not traveling this summer, you'll still find helpful advice here for coping with hot weather and high levels of air pollution, which can be harmful to people living with diabetes.

High Heat
Hot weather – temperatures of 80°F (26.7°C) or above, especially with humidity – can affect medication, testing supplies and your health. If you have diabetes, it is harder for your body to handle high heat and humidity. The heat index, which measures how hot it really feels by combining temperature and humidity readings, advises caution starting at 80°F with 40% humidity.

•Heat can affect your blood glucose (sugar) levels and also increase the absorption of some fast-acting insulin, meaning you will need to test your blood glucose more often and perhaps adjust your intake of insulin, food and liquids.
•Drink plenty of fluids, especially water, to avoid dehydration. Avoid sugar-sweetened beverages such as sweet tea and sodas.
•If your doctor has limited how much liquid you can drink, ask what to do during times of high heat.
•Check package inserts with medications to learn when high temperatures can affect them. Take medications with you if you will need to take them while you're away from home, and protect them from the heat.
•If you're traveling with insulin, don't store it in direct sunlight or in a hot car. Keep it in a cooler, but do not place it directly on ice or on a gel pack.
•Check glucose meter and test strip packages for information on use during times of high heat and humidity. Do not leave them in a hot car, by a pool or on the beach.
•Heat can damage insulin pumps and other equipment. Do not leave the disconnected pump or supplies in the direct sun.
•Get physical activity in air-conditioned areas, or exercise outside early or late in the day, during cooler temperatures.
•Use your air conditioner or go to air-conditioned buildings in your community.

Poor Air Quality
Exposure to air pollution ([PDF - 1.31MB] can harm people with diabetes, including increasing the risk of heart attack or stroke. To find out if you need to change your routine, check the Air Quality Index forecast to learn if the air is unhealthy for sensitive groups, which includes people living with diabetes, especially if they have heart disease or breathing problems such as asthma. If the index is between 101 and 150, the air is unhealthy for sensitive groups. If the index is 151 or higher, health effects may be more serious.

•Avoid exercising outdoors on days with unhealthy air quality. Get physical activity in an air-conditioned space.
•Limit physical activity near busy roads to reduce exposure to air pollution.

Don't Forget Your Medication•Pack twice the amount of diabetes supplies you expect to need, in case of travel delays.
•Keep snacks, glucose gel, or tablets with you in case your blood glucose drops.
•Make sure you keep your medical insurance card and emergency phone numbers handy, including your doctor's name and phone number.
•Carry medical identification that says you have diabetes.
•Keep time zone changes in mind so you'll know when to take medication.
•If you use insulin, make sure you also pack a glucagon emergency kit.
•Have all syringes and insulin delivery systems (including vials of insulin) clearly marked with the pharmaceutical preprinted label that identifies the medications. Keep it in the original pharmacy labeled packaging.
•Find out where to get medical care if needed when away from home.
•Take copies of prescriptions with you.

On the Road
•Reduce your risk for blood clots by moving around every hour or two.
•Pack a small cooler of foods that may be difficult to find while traveling, such as fresh fruit, sliced raw vegetables, and fat-free or low-fat yogurt.
•Bring a few bottles of water instead of sugar-sweetened soda or juice.
•Pack dried fruit, nuts, and seeds as snacks. Since these foods can be high in calories, measure out small portions (¼ cup) in advance.

In the Air
•If you're flying and do not want to walk through the metal detector with your insulin pump, tell a security officer that you are wearing an insulin pump and ask them to visually inspect the pump and do a full-body pat-down.
•Place all diabetes supplies in carry-on luggage. Keep medications and snacks at your seat for easy access. Don't store them in overhead bins or checked luggage.
•If a meal will be served during your flight, call ahead for a diabetic, low fat, or low cholesterol meal. Wait until your food is about to be served before you take your insulin.
•If the airline doesn't offer a meal, bring a nutritious meal yourself.
•Make sure to pack snacks in case of flight delays.
•When drawing up your dose of insulin, don't inject air into the bottle (the air on your plane will probably be pressurized).
•Reduce your risk for blood clots by moving around every hour or two.

Staying Healthy
•Changes in what you eat, activity levels and time zones can affect your blood glucose. Check levels often. Talk with your doctor before increasing physical activity, such as going on a trip that will involve more walking.
•Stick with your exercise routine. Make sure to get at least 150 minutes of physical activity each week.
•Wash hands often with soap and water.
•Protect your feet. Be especially careful of hot pavement by pools and hot sand on beaches. Never go barefoot.
•Make sure you are up-to-date on immunizations.

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Credit:
Centers for Disease Control and Prevention - http://www.cdc.gov/
Article URL - http://www.cdc.gov/Features/DiabetesAndTravel/

Leave Fireworks to Professionals

2011-06-30T15:43:00.001-05:00

Five Minutes or Less for Health Weekly Tip: Leave Fireworks to Professionals

Fireworks-related injuries are most common on July 4th and New Year’s Eve. Fireworks can cause death and injury, including burns, contusions, lacerations, and foreign objects in the eye. Make the choice to protect you and your family from firework injuries.

Leave the fireworks to trained professionals.
Make sure you, your kids, and others watch fireworks displays from a safe distance.
Call 911 immediately if someone is injured from fireworks.

Credit:
Centers for Disease Control and Prevention - http://www.cdc.gov/
Original URL - http://www.cdc.gov/family/minutes/tips/fireworks/index.htm

SBA Patriot Express Loans Top $633 Million

2011-06-29T09:53:00.000-05:00

WASHINGTON – In just four years the U.S. Small Business Administration’s Patriot Express Pilot Loan Guarantee Initiative has provided more than $633 million in SBA-guaranteed loans to 7,650 veterans to start or expand their small businesses.

Patriot Express, a pilot loan product, with streamlined paperwork, and based on the agency’s SBA Express program, offers an enhanced guaranty and interest rate on loans to small businesses owned by veterans, reservists and their spouses.

“As Independence Day arrives it is only natural for us to reflect on America’s veterans – men and women who have the leadership skills and experience to become successful entrepreneurs and small business owners,” said SBA Administrator Karen Mills. “The impact of this program the last four years has meant thousands of veterans and their families have had the resources to pursue their dreams as entrepreneurs, and at the same time create jobs and drive economic growth at a critical time for our country.”

Patriot Express was launched June 28, 2007, to expand upon the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses across all its loan programs. SBA also offers counseling assistance and procurement support each year to more than 200,000 veterans, service-disabled veterans, reservists and members of the National Guard and their spouses.

Patriot Express loans are offered by SBA’s network of participating lenders nationwide and feature one of SBA’s fastest turnaround times for loan approvals. Patriot Express loans are available for up to $500,000.

The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases. Local SBA district offices can provide lists of Patriot Express lenders in their areas. Details on the initiative can be found at www.sba.gov/patriotexpress.

To learn more about additional opportunities for veterans available through the SBA, please visit the website at www.sba.gov/vets.

Credit: U.S. Small Business Administration - http://www.sba.gov/
Release Date: June 29, 2011

Contact: Dennis E. Byrne (202) 205-6567
Release Number: 11-43
Internet Address: http://www.sba.gov/news

SBA Urges Disaster Survivors to Beware of Recovery Scams

2011-06-23T15:46:00.003-05:00

Disaster Survivors Urged to Beware of Recovery Scams

WASHINGTON – The U.S. Small Business Administration is urging disaster victims seeking federal aid to be alert to scam artists posing as federal officials and to be cautious about any solicitations for fees to perform services that are available from federal agency staff for free.

In the wake of widespread flooding, wildfires and tornados in many areas across the country over the past few months, the SBA is particularly concerned about flyers that have appeared in tornado-damaged areas asking for non-refundable fees of up to $450 to help disaster victims fill out their loan applications and as much as $1,000 to verify losses and file loan applications.

Federal agencies involved in disaster recovery will never ask for a fee or payment to file an application for financial assistance or to inspect damaged property.

“Historically, natural disasters bring out the very best in people, and there are countless stories of the selfless acts of helpful neighbors and volunteers,” said SBA Administrator Karen Mills.

“Unfortunately, we have also seen in the past individuals who attempt to take advantage of people who need assistance. Disaster survivors should be vigilant in protecting their personal assets, particularly in the stressful environment of a disaster recovery. “The SBA will not tolerate the defrauding of those who have already lost so much in the aftermath of these devastating disasters,” Mills said. “Those who are found taking advantage of disaster victims will be prosecuted to the fullest extent provided by law.”

If you suspect a person is posing as a local or federal agent, or encounter what you believe are fraudulent activities connected with disaster relief operations, contact your local law enforcement officials, phone the toll-free National Disaster Fraud Hotline at 866-720-5721, or send an email to disaster@leo.gov. The phone line is staffed by a live operator 24 hours a day, seven days a week.

To register for federal help after a disaster declaration, visit http://www.disasterassistance.gov/, or call FEMA at 800-621-3362 (800-426-7585 for the speech or hearing impaired).

Disaster survivors may also visit one of the local recovery centers to get help with filing for assistance. To get help with the disaster loan application, contact the SBA by email at disastercustomerservice@sba.gov, or
by calling 800-659-2955 (800-877-8339 for those with speech or hearing disabilities). Those affected by recent disasters may also file a loan application online by visiting SBA’s secure website at https://disasterloan.sba.gov/ela/

The SBA makes low-interest, taxpayer-backed disaster loans to homeowners, renters, businesses and non-profit organizations of all sizes. More information about the disaster assistance program is available at
www.sba.gov/disasterassistance.

Credit:
U.S. Small Business Administration - http://www.sba.gov/
Release Date: June 23, 2011

Contact: Carol Chastang (202) 205-6987
Release Number: 11-41
Internet Address: http://www.sba.gov/news

Free Online Tool from SBA Helps Small Businesses Develop an Export Business Plan

2011-06-08T14:21:00.000-05:00

WASHINGTON – Small businesses interested in starting or expanding sales of their goods and services overseas have access to a new, free online tool that will gauge their readiness to export and help them develop an export business plan.

The Export Business Planner, developed by the U.S. Small Business Administration, offers a ready-made, customizable and easily accessible document that can be updated and referenced continuously as the business grows.

The Planner, located at www.sba.gov/exportbusinessplanner, allows users to:

• Determine their export readiness
• Learn about training and counseling opportunities
• Complete worksheets for global market research
• Obtain financing information and options
• Customize export marketing plans, and
• Access resources for exporters

“Creating jobs through exporting is one of the nation’s top economic priorities, as the President indicated when he launched the National Export Initiative,” said SBA Administrator Karen G. Mills. “Giving exporters the tools to do their part in this effort is essential. The new Export Business Planner is one such tool and will serve businesses in the critical process of planning for their success.”

The Planner is a PDF file that can be easily downloaded, accessed, customized, and updated every time you use it. It features an extensive compilation of export research and information, including quick links to websites, video profiles, training podcasts, trade statistics, contact information to counseling resources such as SCORE and SBDCs, a list of current SBA lenders and much more.

The tool is organized in comprehensive chapters that are cross-linked and indexed for efficiency and easy access to related topics.

The chapters include:

• Introduction to Exporting
• Training and Counseling
• Getting Started: Creating an Export Business Plan
• Developing your Marketing plan
• Financing your Export Venture
• Accounting Worksheets: Costing, Financial Forecasting and Product Pricing
• Utilizing Technology for successful Exporting
• Your New Marketing Plan: Summary, Timeline
• Updates, Transportation and Documentation

A special, very useful feature of the Planner is the customizable worksheets, which provide templates for developing your export business plan, conducting business assessments and foreign market research, creating your marketing plan, costing and sale projections, goal setting and much more.

Credit:
US Small Business Administation - http://www.sba.gov/
For more information about all of the SBA’s programs for small businesses, call the SBA Answer Desk at 1-800 U ASK SBA or TDD 704-344-6640, or visit the SBA’s Web site at http://www.sba.gov.
Release Date: June 7, 2011

Contact: David Hall (202) 205-6697
Release Number: 11-40
Internet Address: http://www.sba.gov/news

Treasury and IRS Announce Proposed Changes to New Markets Tax Credit Program to Foster Greater Investment in Operating Businesses

2011-06-07T16:45:00.000-05:00

WASHINGTON — The U.S. Treasury Department and the Internal Revenue Service today announced proposed changes to the new markets tax credit (NMTC) program to encourage more investment in non-real estate businesses located in low-income communities.

Treasury and IRS are also seeking public comments on other potential changes that would promote greater investment in non-real estate operating businesses.

The new markets tax credit, created as part of the Community Renewal Tax Relief Act of 2000, provides incentives to invest in businesses in designated low-income communities.

Treasury and the IRS today filed a notice of proposed rulemaking and an advance notice of proposed rulemaking, which invites public comments and describes potential changes to the credit that might be made to facilitate more investment in non-real estate businesses. A notice of public hearing was also issued.

(REG-101826-11 and REG-114206-11 are available on the Federal Register website and will be published in the Federal Register on June 7.)

The proposed modifications to the credit are intended to promote greater investment in non-real estate businesses under the new markets tax credit program while still maintaining the structure of the credit that has been successful for other types of investments.

Potential changes to the tax credit include revising reinvestment requirements for entities investing in operating businesses, streamlining compliance requirements, and modifying ownership rules to reduce noncompliance risk over the course of an investment, among others.

Credit:
Internal Revenue Service - http://www.irs.gov/
IR-2011-61

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

2011-06-01T14:58:00.000-05:00

WASHINGTON — The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.

Create a Backup Set of Records Electronically

Taxpayers should keep a set of backup records in a safe place. The backup should be stored away from the original set.

Keeping a backup set of records –– including, for example, bank statements, tax returns, insurance policies, etc. –– is easier now that many financial institutions provide statements and documents electronically, and much financial information is available on the Internet. Even if the original records are provided only on paper, they can be scanned into an electronic format. With documents in electronic form, taxpayers can download them to a backup storage device, like an external hard drive, or burn them to a CD or DVD.

Document Valuables

Another step a taxpayer can take to prepare for disaster is to photograph or videotape the contents of his or her home, especially items of higher value. The IRS has a disaster loss workbook, Publication 584, which can help taxpayers compile a room-by-room list of belongings.

A photographic record can help an individual prove the market value of items for insurance and casualty loss claims. Photos should be stored with a friend or family member who lives outside the area.

Update Emergency Plans

Emergency plans should be reviewed annually. Personal and business situations change over time as do preparedness needs. When employers hire new employees or when a company or organization changes functions, plans should be updated accordingly and employees should be informed of the changes.

Check on Fiduciary Bonds

Employers who use payroll service providers should ask the provider if it has a fiduciary bond in place. The bond could protect the employer in the event of default by the payroll service provider.

IRS Ready to Help

If disaster strikes, an affected taxpayer can call 1-866-562-5227 to speak with an IRS specialist trained to handle disaster-related issues.

Back copies of previously-filed tax returns and all attachments, including Forms W-2, can be requested by filing Form 4506, Request for Copy of Tax Return.

Alternatively, transcripts showing most line items on these returns can be ordered on-line, by calling 1-800-908-9946 or by using Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript or Form 4506-T, Request for Transcript of Tax Return.

Related Items:

- Tax Relief in Disaster Situations
- Frequently Asked Questions for Disaster Victims
- Publication 552, Recordkeeping for Individuals
- Publication 583, Starting a Business and Keeping Records

Credit: Internal Revenue Service - http://www.irs.gov/
Issue Number: IR-2011-59

SBA Introduces New Mobile Application for Small Business Owners, Entrepreneurs

2011-05-26T09:19:00.000-05:00

New SBA mobile application brings enhanced access to information and resources

WASHINGTON – Smart phone users interested in starting or growing a small business can now find helpful resources at their fingertips via a new SBA mobile application from the U.S. Small Business Administration.

“Increasingly, smart phones are the vehicle through which Americans access information. This is certainly true of many entrepreneurs and small business owners and this new application ensures they will have access to SBA’s resources and programs – literally at their fingertips,” said SBA Administrator Karen G. Mills. “Greater mobility fits with the new user-focused SBA.gov launched recently, and is another example of the steps we are taking to do a better job of connecting entrepreneurs and small business owners with the tools to help them start or grow their businesses and create jobs.”

Developed and donated as a gift by Palo Alto Software, Inc., the SBA mobile app will make the search for extensive resources more efficient, whether users are starting a new business or taking an existing business to a new level. The app will first be available for the Apple iPhone®, with future versions for other smart phone platforms.

“Palo Alto Software’s mission is to help small businesses succeed. We’ve developed this mobile application for the SBA because we understand the importance of having the right tools and resources when starting or growing a business,” said Sabrina Parsons, CEO of Palo Alto Software. “Ideas can strike entrepreneurs at any moment, and having useful resources available through mobile devices could be the impetus that begins the next big company.”

The mobile app will help users connect with SBA district office staff and SBA-affiliated counselors and mentors who can provide free, personalized small business assistance. The user-friendly format of the app will help answer questions such as: How do I start a business? Where can I go in my area to get free help with writing a business plan? And where do I begin finding funding for my business?

The SBA mobile app also features a built-in startup cost calculator to help estimate the costs associated with getting a business off the ground, plus an SBA partner locator to help users find SBA offices, Small Business Development Centers, Women’s Business Centers and SCORE.

Users will also have mobile access to SBA video content and social media alerts to provide them with tips on the go. This will include live updates from the SBA’s YouTube channel and from SBA’s Twitter feeds. The free mobile app can be downloaded from the SBA’s website at www.sba.gov/content/sba-mobile-app.

Credit:
U.S. Small Business Administration - http://www.sba.gov/
Release Date: May 24, 2011 Contact: Cecelia Taylor (202) 401-3059

Release Number: 11-39-DFW Internet Address: www.sba.gov/news

SBA Recognizes Resource Partners for Their Contributions to the Growth of Small Businesses

2011-05-20T12:25:00.000-05:00

SCORE, Small Business Development Center and Women’s Business Center of the Year Highlighted

WASHINGTON – The East Central Iowa SCORE chapter, a California Women’s Business Center, and a Texas Small Business Development Center were recognized today as exemplary mentoring and counseling partners to the U.S. Small Business Administration in providing exceptional service, growth, and outreach to their small business communities.

Each of these outstanding resource partners received national Entrepreneurial Development awards during a Small Business Week event this morning in Washington, D.C. The award event, sponsored by Northrop Grumman Corporation, also highlighted lender awards from the SBA.

“With the help and dedication of SBA resource partners, we reach more than one million small businesses every year to help them drive job creation and economic growth throughout the country,” said SBA Administrator Karen Mills. “They make a significant impact in the lives of the entrepreneurs that they serve, and in the success of their hometown communities every single day.”

The Entrepreneurial Development Award categories include the National SCORE Chapter of the Year, the Women’s Business Center of Excellence Award, and the Small Business Development Center Service Excellence and Innovation Center Award.

The 2011 Entrepreneurial Development award winners are:

SCORE Chapter of the Year
East Central Iowa SCORE
Gregory Tomsic, Chapter Chair
Richard Weeks, District Director
Cedar Rapids, Iowa

The SCORE Chapter of the Year Award honors a chapter whose volunteer counselors have exceeded high standards for counseling and mentoring small business clients, including expanding counseling services and programs that benefit the local small business community.

East Central Iowa SCORE has demonstrated tremendous growth with an increase of 93 percent in terms of clients served, exceptional public outreach to community partners, and outstanding client satisfaction. East Central Iowa SCORE also successfully implemented its Business Long Term Recovery Program, a disaster recovery and revitalization program designed to help small businesses recover and thrive after the floods of 2008 and the recession that followed. Tomsic brings more than 30 years of entrepreneurial experience in product management, business development and new venture management. He continues to mentor clients and present workshops, and considers serving as SCORE’s chapter chair as the most valued of his responsibilities. Weeks specialized in training and sales for more than 30 years. In 1998, he became an entrepreneur and started an international freight forwarder and U.S. Customs broker. He has been the SCORE district director for the last three years.

Women’s Business Center of Excellence Award Asian Pacific Islander Small Business Program Women’s Business Center Colleen Seto, WBC Director Los Angeles, Calif.

The Women’s Business Center of Excellence Award honors a Women’s Business Center for its excellence and innovation helping women entrepreneurs through a wide variety of training and counseling. Since in 1999, the Women’s Business Center (WBC) at the Asian Pacific Islander Small Business Program (API SBP) has consistently provided micro-enterprise development services to assist and equip women, and low-income and immigrants groups. The API SBP WBC is a collaborative of five community organizations that include the Chinatown Service Center, Koreatown Youth & Community Center, Little Tokyo Service Center CDC, Search to Involve Pilipino Americans, and the Thai Community Development Center. In its 12 year history, the API SBP WBC has counseled and trained more than 8,000 individuals, businesses and entrepreneurs. The center, which served nearly 3500 clients in fiscal year 2010, has assisted with the formation of 300 jobs and start-up businesses, and has helped many more to retain jobs and sustain existing businesses. At the helm of the center is WBC Director Seto.

Her background in accounting and financial administration has helped the WBC to maintain a high-level of service through its small/micro credit education and counseling efforts. The center’s grass-roots approach provides services in language and in culturally appropriate settings. The center serves as a vital link between the mainstream economy and ethnic small businesses, and helps entrepreneurs to build sustainable businesses in the community.

Small Business Development Center Service Excellence and Innovation Center Award The University of Texas – Pan American Small Business Development Center Maria Juarez, Director Javier Martinez III, Assistant Director Esperanza Delgado, Marketing Coordinator Arturo Gonzalez, Business and International Trade Advisor Juanita Caballero, Business Advisor Marcela Arredondo, Business Advisor Colin Cain, Business Development Advisor Maria Christina Cantu, Business Development Advisor Adriana Rincon, Business Development Advisor Aaron Gonzalez, Business Development Advisor Oscar Garcia, Business Development Advisor Bianca Hammond, Assistant Training Coordinator Eva Martinez, Administrative Assistant Mariana Hernandez, Office Assistant Edinburg, Texas

The Small Business Development Center Service Excellence and Innovation Center Award honors a SBDC Service Center for providing value to small businesses and advancing program delivery and management through innovation. The University of Texas Pan American Small Business Development Center (UTPA SBDC) has a well documented record of success in assisting small business owners to achieve their entrepreneurial dreams. Fiscal year 2010 was a record year for the center. The UTPA SBDC counseled more than 300 clients, surpassing its goal, and helped to create nearly 100 new businesses in the Rio Grande Valley area. It also helped to create or retain nearly 600 jobs, and its capital infusion almost doubled to more than $12 million in funds received from SBA loans, private bank loans, venture capital and direct investments to help start local businesses. The UTPA SBDC exceeded performance milestones including long-term counseling of clients, new businesses started, capital infusion and client satisfaction. Along with its dedicated staff, the center has helped build small businesses by creating and implementing innovative programs and events, and has also demonstrated great success through its proactive partnerships. For 25 years, the center has been a leader in the Southwest for fostering entrepreneurship and growth through innovation and efficiency.
SCORE, Women’s Business Centers, and Small Business Development Centers are part of SBA’s extensive network for small business mentoring, counseling and training at every level, and are located throughout the United States. In fiscal year 2010, these valued resource partners provided services to more than one million clients nationwide.
Events during National Small Business Week can be viewed virtually through SBA’s free, live webcasting accessible online at www.NationalSmallBusinessweek.com/webcast.php.

Additional information on all National Small Business Week awards is also available online at www.NationalSmallBusinessWeek.com/

Credit:
Small Business Week 2011 sponsors and cosponsors include: Association of Small Business Development Companies, AT&T, AVAYA, CareerBuilder, Dun & Bradstreet, Google, International Franchise Association, Intuit, Lockheed Martin, Microsoft, National Association of Development Companies, National Association of Government Guaranteed Lenders, National Association of Small Business Investment Companies, National Association for the Self-Employed, National Small Business Association, Nomadic Display, Northrop Grumman, Office Depot, Raytheon, Sam's Club, SCORE, The Neat Company, Verio, Visa, the Wall Street Journal, and Women Impacting Public Policy.

The U.S. Small Business Administration’s participation in this cosponsored activity does not constitute an express or implied endorsement of any cosponsor’s, donor’s, grantee’s, contractor’s or participant’s opinions, products, or services. All SBA programs and cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance, by contacting sbw@sba.gov. Cosponsorship Authorization #SBW2011.

Release Date: May 20, 2011

Contact: Cecelia Taylor (202) 401-3059
Release Number: 11-35
Internet Address: www.sba.gov/news

The Cleaning Authority Featured as NBA Member of the Week

2011-05-19T09:52:00.000-05:00

Dallas, Texas May 19, 2011 – The National Business Association (NBA) today announced that “The Cleaning Authority” would be featured on its website (www.nationalbusiness.org) as its “Member of the Week”. A featured “Member of the Week” reaps the benefit of being listed on its home page, electronic newsletter and member mall (www.nationalbusiness.org/mall). The NBA Member Mall gives members the opportunity to promote commerce between themselves and consumers of the Internet community.

The Cleaning Authority (http://www.thecleaningauthority.com/) will be featured on the association’s home page from 05/20/2011 through 05/26/2011 located at http://www.nationalbusiness.org/.

Founded in 1977, The Cleaning Authority was one of the first team-cleaning concepts in the Baltimore-Washington metro area. The demand for this type of service, coupled with an outstanding reputation for quality, caught the attention of Steve Robinson and Tim Evankovich. In June of 1989, Steve and Tim purchased the company and have continued their commitment to quality home cleaning for thousands of families across the United States.

According to their website, their mission is to provide its clients with superior green home cleaning that protects their family and preserves the planet at the same time. The Cleaning Authority uses Green Seal Certified® house-cleaning products, along with US Dept. of Health and Human Services - preferred HEPA vacuums and microfiber dusting cloths that help safeguard clients from toxic airborne pollutants.

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About the National Business Association
The National Business Association (www.nationalbusiness.org) is a not for profit association, specifically designed and actively managed to assist the self-employed and small business community in achieving their professional goals. The NBA continuously strives to provide its members with vital support programs, cost and time saving products and services in the areas of Business, Lifestyle, Education, and Health.

IRS Marks Small Business Week by Showcasing Tools, Resources; Spotlights Tax Benefits Available in 2011

2011-05-17T11:10:00.000-05:00

WASHINGTON ― During Small Business Week, May 16-20, the Internal Revenue Service encourages those who are self-employed or own a small business to take advantage of certain tax benefits and learn about IRS resources that can help them meet their federal tax obligations.

“When you’re running a business, you don’t need to be a tax expert, too. But you do need some basics to stay tax compliant so your business can thrive,” said Faris Fink, IRS Commissioner for the Small Business and Self-Employed Division. “There are many tax credits and deductions currently available. So now is a good time to learn about the tools and services the IRS offers.”

The Small Business Tax Center (www.irs.gov/smallbiz) has links to some of the most useful tools the IRS offers, including the Virtual Small Business Tax Workshop, a downloadable tax calendar, common forms and their instructions and help on everything from how to get an Employer Identification Number (EIN) online to how to engage with the IRS in the event of an audit.

The IRS is offering a free, 30-minute webinar called “Small Business Advantage” to show small business owners what’s available to them. The webinar is scheduled for Wednesday, May 18 at 2 p.m. ET. To register and watch, visit IRS.gov and type “webinars” into the search box.

Health Care Tax Credit, Accelerated Write-Offs

The IRS today also urged small businesses to take advantage of tax-saving opportunities available when they file their 2011 returns. Two key provisions that business owners should consider are the small business health care tax credit and faster write-offs on certain capital expenditures.

The small business health care tax credit aims to help small employers provide health insurance coverage to their employees. It is specifically intended for those who employ low- and moderate-income workers. The credit is designed to encourage both small businesses and small tax-exempt organizations to offer health insurance coverage for the first time or maintain coverage they already have. More information about the credit is available on the Affordable Care Act page on IRS.gov.

Many small businesses that invest in new property and equipment can deduct most or all of these purchases on their 2011 returns. Normally, businesses recover capital investments through annual depreciation deductions spread over several years. But many small businesses can get these deductions sooner during 2011. Claim these tax benefits on Form 4562. Special rules and limitations apply. Details can be found in the instructions to Form 4562, Publication 946 and Revenue Procedure 2011-26.

Credit: Internal Revenue Service - http://www.irs.gov/

SBA Kicks Off National Small Business Week 2011 In Washington, D.C.

2011-05-16T15:30:00.000-05:00

Streaming Video, Business Forums on Social Media, Exporting and Strategies for High Growth, High Impact Firms Free to the Public

WASHINGTON – The nation’s top entrepreneurs will gather this week to be recognized for their entrepreneurship, growth and success during the U.S. Small Business Administration’s National Small Business Week celebration, May 18-20, 2011, in Washington, D.C.

Under the theme Empowering Entrepreneurs,” the three-day event at the Mandarin Oriental Hotel and Conference Center will highlight business owners from 50 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands, whose business achievements have contributed to job creation, the economy and to the nation’s recovery. The National Small Business Person of the Year will be named from this group on Friday, May 20.

Awards will also be presented for notable achievements in disaster recovery, government procurement, small business advocacy, and to top-performing SBA resource and lending partners.

Featured Speakers at National Small Business Week will include:

Administrator Karen Mills, U.S. Small Business Administration
Deputy Administrator Marie Johns, U.S. Small Business Administration
Valerie B. Jarrett, Senior Advisor to President Barack Obama and Chair of the
White House Council on Women and Girls
U.S. Sen. Jack Reed (D-Rhode Island)
U.S. Sen. Mary L. Landrieu (D-Louisiana)
Gail McGovern, President and CEO, American Red Cross
Cathy Hughes, Founder and Chairperson of Radio One Inc., and Chair of
SBA’s Advisory Council on Underserved Communities
Steve Case, Co-founder of AOL and Chair of Startup America Partnership
Bill Rancic, Reality Show Star, Executive Producer and Author
Seth Goldman, President and TeaEO, Honest Tea

National Small Business Week will also feature a series of small business forums that are open to the public. The forums address real-world topics that affect small businesses, including Growing Your Business While on the Go, Social Media, Exporting Tools for Success and Strategies for High Growth, High Impact Firms.

The public can register for the free forums onsite starting at 1:00 p.m. EDT Wednesday, May 18. Events during National Small Business Week can be viewed virtually through SBA’s free, live webcasting accessible online at www.nationalsmallbusinessweek.com/webcast.php. Visit www.NationalSmallBusinessWeek.com to register for forums, and for the full Small Business Week schedule. A list of the 2011 state winners can be found online at http://nationalsmallbusinessweek.com/index.php?page=winners.

Credit: U.S. Small Business Administration - http://www.sba.gov/
Release Date: May 16, 2011

Contact: Cecelia Taylor (202) 401-3059
Release Number: 11-32
Internet Address: www.sba.gov/news

Chief Counsel Applauds IRS Postponement of Three Percent Withholding Tax on Contractors

2011-05-13T14:27:00.000-05:00

Washington, D.C. –Chief Counsel for Advocacy Winslow Sargeant applauded the recent decision by Internal Revenue Service (IRS) to postpone the starting date for the three percent contractor withholding rule and continued to call for its elimination. The rule requires governments to withhold three percent of nearly all payments made to contractors. With the postponement, the rule now applies to contracts awarded after December 21st, 2012. The Office of Advocacy has consistently worked with small businesses for the elimination of this unfair tax.

“The decision by the IRS to postpone the three percent withholding tax will help small businesses who are involved in government contracting,” said Sargeant. “And while I applaud the postponement, the Office of Advocacy is committed to supporting its elimination, because small businesses continue to face challenging conditions.”

The three percent withholding requirement will adversely affect all small businesses that provide services to government entities. Most small businesses that provide services to government entities will have to increase their debt level in order to ensure sufficient cash flows and will be forced to pass these additional expenses on to their government customers. If small firms are unable to secure additional debt, the three percent withholding requirement may force them out of the Federal contracting market.

The law mandates that federal state and local governments with expenditures of more than $100 million withhold three percent of payments for products and services worth more than $10,000, including non-confidential or classified contracts, grants to for-profit companies, and farm and Medicare payments. The requirement was scheduled to take effect on January 1, 2011, but was delayed a year in the 2009 American Recovery and Reinvestment Act.

The three percent provision was included in the 2005 Tax Increase Prevention and Reconciliation Act in an effort to ensure that individuals and companies that receive new payments from the federal government do not accrue tax debt.

Credit:
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information, visit http://www.sba.gov/advocacy, or call (202) 205-6533.
For Release: May 11, 2011

Contact: Patrick Morris (202) 205-6941
SBA Number: 11-23 ADV
patrick.morris@sba.gov

G.P. Studio Photography Featured as NBA Member of the Week

2011-05-05T11:28:00.001-05:00

Small Business Owner Gains National Recognition

Dallas, Texas May 5, 2011 – The National Business Association (NBA) today announced that “G.P. Studio Photography” would be featured on its website (www.nationalbusiness.org) as its “Member of the Week”. A featured “Member of the Week” reaps the benefit of being listed on its home page, electronic newsletter and member mall (www.nationalbusiness.org/mall). The NBA Member Mall gives members the opportunity to promote commerce between themselves and consumers of the Internet community.

Yiorgos Karahalios, G.P. Studio Photography (http://www.yiorgosportraiture.com//) will be featured on the association’s home page from 05/06/2011 through 05/12/2011 located at http://www.nationalbusiness.org/.

Yiorgos is one of the most prominent Classical Portraitists in the United States. With Yiorgos Karahalios’s unique ability to create the timeless life-size portrait, he has sparked a curiosity among all his peers as not a photographer, but an artist that has taken photography beyond the scope of pictures to something more. Something much more…Yiorgos is where photography and art come together.

Yiorgos represents 12 years of perfecting the merge between photography and art. And, in doing so he has created Yiorgos, a masterpiece original that is a truly stunning record of history. Each Yiorgos Classical Portraiture is personally produced and signed by Yiorgos Karahalios. Yiorgos spent 12 years perfecting the merge between photography and art and in doing so has created Yiorgos, a masterpiece original. Each portrait is taken through an exclusive process that results in a truly stunning form of art -- with you or your family as the focus. Yiorgos has crafted beautiful hand-painted backdrops and hand-carved frames to compliment the image.

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About the National Business Association
The National Business Association (www.nationalbusiness.org) is a not for profit association, specifically designed and actively managed to assist the self-employed and small business community in achieving their professional goals. The NBA continuously strives to provide its members with vital support programs, cost and time saving products and services in the areas of Business, Lifestyle, Education, and Health.

Treasury, IRS Seek Public Input on Certain Employer Provisions of the Affordable Care Act

2011-05-03T11:28:00.000-05:00

WASHINGTON — The Treasury Department and Internal Revenue Service today requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014.

Under the Affordable Care Act, employers with 50 or more full-time employees that do not offer affordable health coverage to their full-time employees may be required to make a shared responsibility payment. The law specifically exempts small firms that have fewer than 50 full-time employees. This provision takes effect in 2014.

Notice 2011-36, posted today on IRS.gov, solicits public input and comment on several issues that will be the subject of future proposed guidance as Treasury and the IRS work to provide information to employers on how to comply with the shared responsibility provisions. In particular, the notice requests comment on possible approaches employers could use to determine who is a full-time employee.

Today’s request for comment is designed to ensure that Treasury and IRS continue to receive broad input from stakeholders on how best to implement the shared responsibility provisions in a way that is workable and administrable for employers, allowing them flexibility and minimizing burdens. Employers have asked for guidance on this provision, and a number of stakeholder groups have approached Treasury and IRS with information and initial suggestions, which have been taken into account in developing today’s notice. By soliciting comments and feedback now, Treasury and IRS are giving all interested parties the opportunity for input before proposed regulations are issued at a later date.

Consistent with the coordinated approach the Departments of Treasury, Labor, and Health and Human Services are taking in developing the regulations and other guidance under the Affordable Care Act, the notice also solicits input on how the three Departments should interpret and apply the Act’s provisions limiting the ability of plans and issuers to impose a waiting period for health coverage of longer than 90 days starting in 2014. In addition, the notice invites comment on how guidance under the 90-day provisions should be coordinated with the rules Treasury and IRS will propose regarding the shared responsibility provisions.

There are three ways to submit comments.

E-mail to: Notice.Comments@irscounsel.treas.gov. Include “Notice 2011-36” in the subject line.

Mail to: Internal Revenue Service, CC:PA:LPD:PR (Notice 2011-36), Room 5203, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044.

Hand deliver to: CC:PA:LPD:PR (Notice 2011-36), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC, between 8 a.m. and 4 p.m., Monday through Friday.

The deadline for comments is June 17, 2011.

Credit:
Internal Revenue Service - http://www.irs.gov/

SBA Approves First Six Lenders to Start Making Community Advantage Loans

2011-04-28T16:06:00.001-05:00

Community-based, mission-focused lenders will start accepting loan applications from small business borrowers immediately

WASHINGTON – The U.S. Small Business Administration has approved an initial group of six community-based, mission-focused lenders to start accepting and processing Community Advantage loan applications from small business borrowers immediately, the agency announced today.

The new Community Advantage pilot program was announced by SBA in December and is designed to expand access to lower dollar loans and lending in traditionally underserved communities. SBA and U.S. Department of Commerce studies have shown the importance of lower dollar loans to small business formation and growth in underserved communities. Even though SBA loans are three-to-five times more likely to go to women and minority-owned small businesses, underserved communities were hit disproportionately hard by the recession.

The pilot is specifically aimed at expanding points of access to capital for small business owners by opening SBA’s 7(a) loan program to community-based, mission-focused financial institutions, including Community Development Financial Institutions, SBA’s Certified Development Companies and SBA’s nonprofit microlending intermediaries. Community Advantage leverages the experience these institutions already have in lending in economically challenged markets, along with their management and technical assistance expertise to help make their borrowers successful.

“Working with these community-based, mission-focused lenders will greatly enhance our ability to bring much needed financial backing to small businesses in underserved communities, which include minority-, women- and veteran-owned, as well as rural businesses,” SBA Administrator Karen Mills said. “These businesses are among the hardest hit by the recent economic downturn and helping them to recover, expand and create jobs will strengthen both their local and our nation’s economy.”

SBA began accepting applications from lenders on Feb. 15. The first Community Advantage lenders approved by SBA are:

• Cen-Tex CDC dba BCL of Texas, Austin, Texas
• The Progress Fund, Greensburg, Pa.
• Eastern Maine Development Corporation, Bangor, Maine
• Idaho-Nevada Community Development Financial Institution, Pocatello, Idaho
• Kentucky Highlands Investment Corporation, London, Ky.
• CDC Small Business Finance, San Diego, Calif.

These lenders may begin making Community Advantage loans immediately. SBA will continue approving lenders on a rolling basis.

Expanding opportunities for entrepreneurs and small business owners in underserved communities is core to SBA’s mission. As a result, all of SBA’s programs are having an impact in underserved communities. In addition to the Community Advantage pilot program, in December SBA announced the new Small Loan Advantage, which is open to the agency’s 630 existing Preferred Lenders.

Both Community Advantage and Small Loan Advantage offer a streamlined application process for SBA-guaranteed 7(a) loans up to $250,000. Advantage loans will come with the regular 7(a) government guarantee, 85 percent for loans up to $150,000 and 75 percent for those greater than $150,000.

Credit: U.S. Small Business Administration - http://www.sba.gov/
Release Date: April 28, 2011

Contact: David J. Hall (202) 205-6697
Release Number: 11-27
Internet Address: http://www.sba.gov/news

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Your Survival Guide to Safe and Healthy Travel

2011-04-28T12:59:00.001-05:00

Every year more and more Americans are traveling internationally — for vacation, business, and volunteerism, and to visit friends and family. Whatever your reason for traveling, the information on this page will help you to be Proactive, Prepared, and Protected when it comes to your health—and the health of others—while you are traveling.

BE PROACTIVE!

Take steps to anticipate any issues that could arise during your trip. The information in this section will help you plan for a safe and healthy trip.

•Learn about your destination.
•See a doctor before you travel.
•Think about your health status.
    ◦Are you too sick to travel? (Recent illnesses, injuries, or surgeries)
    ◦Do you have any special health needs? (Babies and small children, pregnant women, people with disabilities, people with weakened immune systems)

BE PREPARED!

No one wants to think about getting sick or hurt during a trip, but sometimes these things happen. You may not be able to prevent every illness or injury, but you can plan ahead to be able to deal with them.

•Pack smart.
•Plan ahead for illnesses or injuries during your trip.
•Know what to do if you become sick or injured on your trip.
•Know and share important information about your trip.

BE PROTECTED!

It is important to practice healthy behaviors during your trip and after you return home. This section outlines how you can protect yourself and others from illness during your trip.

•Pay attention to your health during your trip.
    ◦Use sunscreen and insect repellent as directed.
    ◦Be careful about food and water.
    ◦Try not to take risks with your health and safety.
    ◦Limit alcohol intake, and do not drink alcohol and drive.
    ◦Wear a seatbelt.
    ◦Wear protective gear when doing adventure activities.
    ◦Respect your host country and its people by following local laws and customs.
•Pay attention to your health when you come home.

For more information on your responsibilities as a traveler, listen to “The Three P’s of Safe and Healthy Travel” podcast.

Credit:
Content source: Centers for Disease Control and Prevention - http://wwwnc.cdc.gov/travel/content/survival-guide.aspx
National Center for Emerging and Zoonotic Infectious Diseases (NCEZID)
Division of Global Migration and Quarantine (DGMQ)

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Partners Business Consulting Group, LLC featured as NBA's Member of the Week.

2011-04-22T08:36:00.002-05:00

Small Business Owner Gains National Recognition

Dallas, Texas April 22, 2011 – The National Business Association (NBA) today announced that “Partners Business Consulting Group” would be featured on its website (www.nationalbusiness.org) as its “Member of the Week”. A featured “Member of the Week” reaps the benefit of being listed on its home page, electronic newsletter and member mall (www.nationalbusiness.org/mall). The NBA Member Mall gives members the opportunity to promote commerce between themselves and consumers of the Internet community.

Partners Business Consulting Group LLC. (http://www.pbcgconsulting.com/) will be featured on the association’s home page from 04/22/2011 through 04/28/2011 located at www.nationalbusiness.org.

Partners Business Consulting Group LLC specializes in software application training, business management, and professional development. Software training includes training in such applications as, Oracle Financials, (AP, AR, Purchasing), Oracle i-Procurement, Oracle Projects, Oracle Tutor, Primavera Project Manager, and Microsoft Office applications. Training Needs Assessments are conducted to determine the best level and means of training. Training material is developed in the form of courseware curriculum and e-learning, CD’s and may be customized to incorporate individual company policies and procedures. Their consultants bring to the client a wealth of understanding and years of experience in both functional and technical areas. They are well liked, conscientious, and come highly recommended on past performance.

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Hot off the Press - Columbia FTA?

2011-04-19T16:41:00.001-05:00

Columbia FTA?
The question now may be when, not if. Get prepared by listening to this audio interview about the market with Senior Commercial Officer Margaret Hansen Muse in Bogota.

http://www.export.gov/articles/eg_main_028266.asp
Credit: Doug Barry, Trade Information Center
U.S. Department of Commerce - http://www.export.gov/

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State Guides to Incorporating

2011-04-19T15:07:00.001-05:00

Whether you are starting a business or incorporating an existing one, it is helpful to know and understand the formation and ongoing requirements each state places on corporations and limited liability companies (LLCs).

Information to help you make informed decisions

BizFilings' state guides outline the following information for corporations and LLCs in each state:

Cost to incorporate
Officer and director or member/manager requirements
Ongoing recordkeeping requirements
Registered agent obligations
Stock information required on incorporation documents
Availability of the professional service corporation or professional limited liability company designation in the state
Annual report requirements
Other state-specific requirements

Click here to learn more on requirement in each state - http://www.bizfilings.com/states.aspx

Credit: BizFilings - http://www.bizfilings.com/

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Chief Counsel Calls 1099 Repeal a Victory for Small Business

2011-04-15T15:11:00.000-05:00

WASHINGTON, D.C. – Winslow Sargeant, SBA’s Chief Counsel for Advocacy applauded the repeal of the expanded Form 1099 reporting requirement signed by President Obama yesterday.

“The repeal of the 1099 reporting requirement is a victory for small business,” said Chief Counsel for Advocacy Winslow Sargeant. “This requirement would have placed an additional burden on small business at a time when they already pay 36 percent more than their larger counterparts to comply with federal regulations.”

Sargeant called for repeal of the 1099 requirement while testifying before the Senate Small Business and Entrepreneurship Committee in November 2010, at a hearing focused on reducing the regulatory and administrative burdens on America’s small businesses.

Under the reporting requirement, that was set to begin in 2012, all companies would have been required to issue a Form 1099 to any individual or corporation from which they purchased more than $600 in goods or services in a tax year. The expanded reporting requirement would have resulted in an unnecessary and unfair burden for small businesses.

The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo, or call (202) 205-6533.

Credit: Office of Advocacy, Small Business Administration www.sba.gov/advocacy
For Release: April 15, 2011

Contact: Patrick Morris (202) 205-6941
patrick.morris@sba.gov

April 18 Deadline Approaching; Check IRS Payment Options

2011-04-14T13:22:00.001-05:00

WASHINGTON — The Internal Revenue Service today reminded taxpayers who have not yet filed their 2010 tax returns that individual returns and payments are due next Monday, April 18, 2011.

There are several payment options available to taxpayers who have a balance due.

Payments can be made by:
• Electronic funds withdrawal
• Credit or debit card
• The Electronic Federal Tax Payment System or
• Check or Money Order

Detailed information on each of the first three payment types can be found on the IRS.gov Electronic Payment Options Home Page.

Some taxpayers who itemize their deductions may be eligible to claim as a miscellaneous itemized deduction the convenience fee charged to pay individual income taxes by credit or debit card.

Taxpayers who pay by check or money order should make the payment out to the “United States Treasury.” The tax year, form number and Social Security number should all be included on the check or money order. Also, include Form 1040-V, Payment Voucher, along with the payment and tax return. If you have already submitted your tax return but still need to pay all or some of the balance, you may mail the check or money order to the IRS with Form 1040-V.

For members of the military and others serving in combat zones, the filing and payment deadline is normally postponed until at least 180 days after the service member leaves the combat zone, so the April 18 deadline to file and pay does not apply. If you are eligible, you get the extra time without having to ask for it.

Avoid Penalties and Interest
If you have a balance due, it’s important to pay your tax bill by April 18 to avoid penalties and interest. But even if you cannot pay your entire bill, pay as much as you can to minimize penalties and interest.

Installment Agreements
For those taxpayers who cannot pay in full by April 18, an installment agreement may be appropriate. Several options are available for setting up a payment agreement with the IRS:

• Most people can set up a payment agreement on line in a matter of minutes. Those who owe $25,000 or less in combined tax, penalties and interest qualify to use the Online Payment Agreement (OPA). You can choose this option even if you have not yet received a bill or notice from the IRS. For details, refer to What Information Do I Need to Use OPA?

• File Form 9465 (PDF), Request for Installment Agreement. This form can be filed electronically along with your return or downloaded from IRS.gov and mailed along with your paper return. If you have received a tax bill, mail your completed form to the address on your bill.

• Call the number on the bill or notice you received from the IRS. Make sure you have the bill or notice handy along with your Social Security number.

Offers in Compromise
The IRS recently expanded the streamlined Offer in Compromise program, which now covers taxpayers with annual incomes of up to $100,000 and tax liabilities up to $50,000.

An Offer in Compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. It is subject to acceptance based on legal requirements. Generally, the IRS will not accept an offer if it believes the liability can be paid in full as a lump sum or through a payment agreement. Prior to approval, the IRS examines the taxpayer’s income and assets to determine the taxpayer’s ability to pay.

Credit: Internal Revenue Service - http://www.irs.gov/

Beyond Bankruptcy: Small Firms Survive But Face Challenges in Obtaining Loans

2011-04-06T17:42:00.001-05:00

WASHINGTON, D.C. –Small businesses that have previously filed for bankruptcy are no more burdened than other small firms by poor cash flow, high health insurance costs, or excessive taxes, and they attain similar firm sizes, according to a study released today by the U.S. Small Business Administration’s Office of Advocacy. However, they have about a 24 percent higher likelihood of being denied a loan and are charged interest rates at least 1 percent higher than other firms. The report finds that firms owned by African and Latino Americans are even more likely to be denied loans and charged higher interest rates.

“Small businesses filing for bankruptcy have an opportunity for a new start. This new start is hampered by the challenges of obtaining new loans. This can impede innovation and job creation,” said Chief Counsel for Advocacy Winslow Sargeant.

The study, Beyond Bankruptcy: Does the Bankruptcy Code Provide A Fresh Start to Entrepreneurs? by Aparna Mathur, (http://www.sba.gov/sites/default/files/Bankruptcy%20Report_0.pdf) finds that owners of 2.6 percent of firms have filed for bankruptcy at some point in the previous seven years. Credit rationing of previously bankrupt firms leads to a class of discouraged borrowers who are significantly less likely even to apply for a loan, according to the study.

The research relies on data from the National Survey of Small Business Finances as a basis for the analysis. Surveys were conducted by the Federal Reserve Board in 1993, 1998, and 2003. The full study is available online at www.sba.gov/advocacy.

Credit: The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo, or call (202) 205-6533.
For Release: April 6, 2011
Contact: Patrick Morris (202) 205-6941
patrick.morris@sba.gov

Caitlin Cain Appointed Region VI Advocate

2011-04-06T12:40:00.000-05:00

WASHINGTON, D.C. — Caitlin Cain is the new Regional Advocate for the Office of Advocacy’s Region VI, covering the states of Arkansas, Louisiana, New Mexico, Oklahoma, and Texas. She will be the Office of Advocacy’s direct link to small business owners, state and local government agencies, state legislators, trade associations, and small business organizations in these five states. Cain will be based in New Orleans, La.

“In her extensive economic development work throughout southeast Louisiana, Caitlin Cain has helped develop robust communities where businesses and residents thrive, said Chief Counsel for Advocacy Winslow Sargeant. “Caitlin’s dynamic, creative, and entrepreneurial personality has yielded results in the form of economic development, business growth, and job generation.”

“Entrepreneurs and small businesses often serve as catalysts in community revitalization efforts by creating jobs and opportunities that fuel economic growth, said Cain. As Region VI’s advocate, I look forward to helping small businesses grow and reinvest in our communities.”

Cain is both an urban planner and an economic development professional. Most recently, she operated her own company which specialized in strategic planning and complex project management. From 2003 to 2010 she served as the economic development director of the New Orleans Regional Planning Commission, where she attracted public and private investment in the region and guided the revitalization of infrastructure, neighborhoods, and commercial areas. Cain received a master of urban planning degree from the University of Michigan and her bachelor’s from the University of Toronto.

For more information contact Michael Landweber, senior advisor and director of regional affairs, at (202) 205-6945, or visit the Office of Advocacy website at www.sba.gov/advocacy.

Credit:
The Office of Advocacy of the U.S. Small Business Administration is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. For more information, visit www.sba.gov/advocacy, or call (202) 205-6533.
For Release: March 28, 2011
Contact: Patrick Morris (202) 205-6941
patrick.morris@sba.gov

Five Minutes or Less for Health Weekly Tip: Assess Your Sleep Habits

2011-03-30T13:54:00.001-05:00

Getting enough sleep helps prevent chronic diseases and promotes overall health. Take a few minutes to assess your sleeping habits with the checklist below. Make any necessary changes to ensure you are getting the best quantity and quality of sleep that you can.

Are you going to bed at the same time each night and rising at the same time each morning?
Are you sleeping in a quiet, dark, and relaxing environment, which is neither too hot nor too cold?
Have you made your bed comfortable?
Do you use the bedroom only for sleeping and not for other activities, such as reading, watching TV, or using the computer?
Do you avoid physical activity within a few hours of bedtime?
Do you avoid caffeine, nicotine, and alcohol within a few hours of bedtime?
Do you avoid large meals and liquids before bedtime?
Do you allow enough time for sleep each night so that you wake up feeling refreshed?

Credit: Centers for Disease Control and Prevention - http://www.cdc.gov/
Source URL - http://www.cdc.gov/family/minutes/tips/assesssleephabits/index.htm

SBA Opens Temporary Refinancing Program to Real Estate Mortgages Maturing after December 2012

2011-03-29T14:08:00.000-05:00

WASHINGTON, D.C. –Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable, long-term financing through the U.S. Small Business Administration’s temporary 504 refinancing program as a result of a change that will be published in The Federal Register by April 6.

In February, SBA implemented a temporary refinancing program enacted under the Small Business Jobs Act of 2010, which allowed small businesses facing maturing commercial real estate mortgages or balloon payments before Dec. 31, 2012, to refinance with an SBA 504 loan. The SBA change will lift the date limitation and will allow more small businesses to secure stable, long-term financing and avoid potential foreclosure on mortgages approved before and during the recession that were based on inflated real estate values.

“With the collapse of the real estate bubble, many small business owners have found themselves unable to refinance as a result of inflated real estate values at the time they took out their mortgage,” SBA Administrator Karen Mills said. “SBA’s temporary 504 refinancing program was first made available to those small businesses with the most immediate need. Today’s step opens this critical assistance to more small businesses, giving them the opportunity to restructure their debt and free up capital that will be essential to keeping their doors open and also their future ability to grow and create jobs.”

To be eligible for the temporary 504 refinancing program, a business must have been in operation for at least two years, the debt to be refinanced must be for owner-occupied real estate and have been incurred no less than two years prior to the date of application and the proceeds used for 504-eligible business expenses, and payments on that debt must be current for the last 12 months.

The refinancing loan is structured like SBA’s traditional 504 loan. Typically, a 504 project includes three elements: a loan (or first mortgage) secured with a senior lien from a private-sector lender covering 50 percent of the project cost, a second mortgage secured with a junior lien from an SBA Certified Development Company (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business borrower.

Borrowers are able to refinance up to 90 percent of the current appraised property value or 100 percent of the outstanding mortgage, whichever is lower, plus eligible refinancing costs. Loan proceeds may not be used for other business expenses. Existing 504 projects and government-guaranteed loans are not eligible to be refinanced.

Under the Jobs Act, Congress authorized SBA to approve up to $15 billion in loans under this program ($7.5 billion in both fiscal years 2011 and 2012). Together with the first mortgage, this temporary program will provide up to $33.8 billion of total project financing. Additional fees charged to the borrower will cover the cost of this refinancing program and as a result no loan subsidy will be needed from taxpayer funds. The program is expected to benefit as many as 20,000 businesses.

SBA’s traditional 504 loan program is a long-term financing tool, designed to encourage economic development within a community. A 504 loan provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.

With publication in the Federal Register, which is expected by April 6, SBA will begin accepting applications from small business owners with mortgages maturing after Dec. 31, 2012. The program will be in effect through Sept. 27, 2012.
Credit:
U.S. Small Business Administration - http://www.sba.gov/news
Release Date: March 29, 2011
Contact: David J. Hall (202) 205-6697
Release Number: 11-22

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10 Steps to Starting a Small Business

2011-03-25T19:08:00.001-05:00

Starting a small business is exciting—but also demanding. This article addresses some of the most common startup steps to ensure that your company is ready for success.

Prepare a business plan and materials

1. An important first step is preparing a business plan to define your business, products and services, and outline your goals, operating procedures and competition. If your company needs funding from a traditional loan or venture capitalists, a business plan will be required. Make sure your plan includes a marketing approach, so people are aware of what you're selling and how to find you.

2. Create a business logo, cards and stationery. These items establish your company’s identity and help potential customers find and remember you.

Meet legal requirements

3. Of course, incorporating your business or forming an LLC with the state is important because it protects your personal assets from business debts and liabilities. Other benefits of forming a corporation or LLC include tax advantages and greater credibility with customers, vendors and business partners.

4. Select an accountant and attorney. Many small business owners seek advice from accountants and attorneys. As you search for an accountant and attorney, get referrals from friends or family, and look for professionals who have worked with other small business owners or companies in your specific industry.

5. Get necessary tax identification numbers, licenses and permits. A federal tax identification number, or employer identification number (EIN), acts like a social security number and is required for corporations and LLCs that will have employees. Contact your state's taxation department to learn if a state tax identification number is required in your state. Also keep in mind that most businesses need licenses and/or permits to operate—in your city, municipality, county and/or state.

6. Insure your business and investigate other requirements. Some industries have specific insurance requirements. Discuss your needs with your insurance agent to get the right type and amount of insurance. Remember to look into any other government tax and insurance requirements that might apply to your business, particularly if you have employees. For example:

Unemployment insurance
Workers' compensation
OSHA requirements
Federal tax
State and local tax
Self-employment tax
Payroll tax requirements (such as FICA, federal unemployment tax, and state unemployment tax)
Sales and use tax

Prepare yourself financially

7. It is crucial to separate business finances from personal ones, so open a business bank account. Most banks require company details, such as formation date, business type, and owner names and addresses. If your business is not incorporated, most banks will require a DBA (doing business as or fictitious business name). Contact your bank about requirements prior to opening an account.

8. Arrange your business accounting and apply for loans. You may want to use an accountant, or handle finances yourself with a small business accounting solution. Either way, properly account for all business disbursements, payments received, invoices, accounts receivable/accounts payable, etc. And if you don’t have enough capital to start a business, this is also the time to seek funding from banks or through Small Business Administration (SBA) loan programs.

9. Establish a business line of credit. This will help reduce the number of times your company prepays for purchased products and services. It also helps establish a strong credit history, which is helpful for vendor and supplier relationships. Getting a Dun & Bradstreet (D&B) DUNS (or D-U-N-S) number for your business is advisable, as it is often used to check business creditworthiness.

10. Ready your workspace. For home-based businesses, ensure you are meeting city zoning requirements
for your area. For non home-based businesses, you'll likely need to lease office space. Don't forget to purchase or lease furniture and office equipment to get your business up and running.

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Credit:BizFilings - The Small Business Incorporating Experts - http://www.bizfilings.com/
Article Source url: www.bizfilings.com/learn/starting-small-business.aspx

Sleep apnea increases stroke risk

2011-03-23T20:25:00.000-05:00

Stroke is the second leading cause of death worldwide and a leading cause of long-term disability. New research shows that obstructive sleep apnea (OSA), which often goes undiagnosed, is associated with an increased risk of stroke in middle-aged and older adults.

Sleep apnea is a disorder in which a person has one or more pauses in breathing or shallow breaths while he or she sleeps. Breathing pauses typically last longer than 10 seconds and occur 10–20 times or more an hour. Breathing may resume with a loud snort, choking sounds, or snoring. Sleep apnea is a widespread health problem; almost half of adults report snoring, which is a common sign of sleep apnea. The new research shows that even mild sleep apnea increases the risk of stroke, especially in men.

What was the study?

The study, "Obstructive Sleep Apnea-Hypopnea and Incident Stroke: The Sleep Heart Health Study," was funded by the National Heart, Lung, and Blood Institute (NHLBI). Results were published in the American Journal of Respiratory and Critical Care Medicine, July 15, 2010.

5,422 participants (2,462 men and 2,960 women) aged 40 years and older were part of the Sleep Heart Health Study, a community-based study of the cardiovascular consequences of OSA in a diverse population.
Researchers asked participants about their sleep habits, general health, and medication use. At the start of the study they had no history of stroke and were untreated for sleep apnea.
The presence and severity of sleep apnea were determined with an at-home sleep test (overnight unattended polysomnography). Researchers defined obstructive apnea-hypopnea index (OAHI), a measure of OSA severity, as the average number of obstructive apneas and hypopneas per hour of sleep.
Participants were followed for a median of almost 9 years. Incidence of ischemic stroke was determined by direct participant contact as well as by surveying death certificates and discharge information from local hospitals.

What did the study find?

During the study period, 193 participants had an ischemic stroke (85 men and 108 women). This is an estimated incidence rate of 4.4 strokes per 1,000 person years.
A strong dose-dependent association was found between ischemic stroke and OSA in men with mild to moderate sleep apnea; there was an increase in stroke risk as OSA severity increased.
Ischemic stroke was three times more likely in men with untreated OSA, compared with men with mild or no OSA.
The relationship between stroke risk and OSA was not explained by adjustments for weight, high blood pressure, race, smoking status, and diabetes.
In women, stroke risk increased only in the category of highest OSA severity.

What are the take-home messages?

OSA is associated with an increased risk of stroke, particularly in middle-aged men. Stroke risk increases with even mild sleep apnea signs and symptoms and increases with apnea severity.
OSA is a common disorder. Signs and symptoms may include:
- Frequent loud snoring
- Pauses in breathing during sleep
- Awakening with a sensation of choking or gasping
- Excessive daytime sleepiness
- Morning headaches
- Memory or learning problems, difficulty concentrating
- Irritability, depression, mood swings, or personality changes
- Urination at night (nocturia)
- A dry throat upon waking
Although OSA is more common among overweight, obese, and elderly patients, this breathing disorder can develop in otherwise healthy men, women, and children of any age.
Health professionals should consider asking patients about the quality of their sleep. Further evaluation by a sleep disorder specialist may be warranted in patients who report signs and symptoms of sleep disordered breathing.
People who have signs and symptoms of sleep apnea or feel burdened by excessive daytime sleepiness should consult their health care provider for advice.
Stroke is a leading cause of death in the United States. In addition to OSA, other risk factors for stroke that people can control include high blood pressure, smoking, diabetes, and heart disease.

Where can I learn more?

Redline, S., Yenokyan, G., Gottlieb, D., Punjabi, N.M. (2010). Obstructive Sleep Apnea-Hypopnea and Incident Stroke: The Sleep Heart Health Study. American Journal of Respiratory and Critical Care Medicine, 182:269–277.
"Sleep Apnea" from the NHLBI Diseases and Conditions Index (DCI)
"Stroke" from the NHLBI DCI
Sleep Heart Health Study (SHHS)
Sleep Apnea Tied to Increased Risk of Stroke (News release)
Clinical trials on sleep

Credit: National Heart, Lung and Blood Institute - (http://www.nhlbi.nih.gov/), March 2011

(Original article url - http://hp2010.nhlbihin.net/joinhin/news/professional/SleepApneaStroke.asp)

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

The Tax Gap and Small Business

2011-03-23T13:18:00.002-05:00

Washington, D.C. – Small businesses are disproportionately affected by measures to close the tax gap—the difference between taxes owed and taxes paid—according to an Office of Advocacy study, An Examination of the 2001 IRS Tax Gap Estimates’ Effect on Small Business, (http://www.sba.gov/sites/default/files/rs377tot.pdf) released today. The study, researched by Quantria Strategies, highlights flaws with the overall estimates, particularly as they relate to large corporations and international tax transactions.

“The tax gap estimates have led to increased audits and information reporting requirements for small businesses, such as the new 1099 reporting requirement,” said Chief Counsel for Advocacy Winslow Sargeant. “A better strategy for the IRS to increase their compliance would be through outreach and education programs, and a more balanced approach to enforcement.”

The tax gap estimates generated by the National Research Program (NRP) suggest that underreporting of income by small businesses represents $83-$99 billion of the $150-$187 billion individual income tax gap for 2001. The total tax gap was $345 billion, $290 billion after collection activities.

However, most of the underreporting of income that occurs on individual income tax returns is unintentional. IRS auditors conducting NRP examinations found that only 1 percent of all issues examined resulted from deliberate or intentional failures to report income properly.

At the same time, according to the study, large corporation tax gaps are not adequately measured. The study suggests that these estimates in the 2001 NRP are based on data from the 1970s and 1980s. The IRS did not update them for the analysis published in 2006. Methodologically, the IRS focused its tax-gap study on individual income tax returns, and on returns not subject to withholding or third party reporting, skewing them unfairly toward small business.

The research also explores alternative approaches to improving compliance without overly burdening taxpayers. The full study is available online at www.sba.gov/advocacy.

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Credit:
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo, or call (202) 205-6533.
For Release: March 23, 2011
Contact: Patrick Morris (202) 205-6941
patrick.morris@sba.gov

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

2011-03-21T16:03:00.000-05:00

Answering the Call to Double U.S. Exports

In 2011, the Trade Information Center expects to receive 35,000 or more phone calls and e-mails from exporters looking for counseling and assistance. It could get many more, given the Obama administration's goal of doubling U.S. exports over the next half decade through the National Export Initiative.

by Doug Barry

Things are never boring—nor quiet—at the counseling center of the Trade Information Center (TIC) in Washington, D.C. For example, a man asks about selling pizza ovens to a buyer in Argentina. Seconds later come questions about selling aspirin to Iraq, Kentucky whisky to China, California wine to a safari camp in South Africa, medical devices to Peru, and plastic "Made in USA" wedding cake holders to Mexico. And so it goes on a typical day at this virtual export facilitation machine.

Since opening in 1993, the TIC, which is part of the Department of Commerce, has served as the central point of contact for U.S. exporters seeking counseling and advice. Would-be exporters ask how to start exporting, while other more experienced companies inquire about how to export a product that is already sold.

"We are constantly amazed by the innovative businesses represented by TIC inquiries," observes Susan Lusi, director of the counseling center. "But given that only about 1 percent of U.S. companies export, there is definitely a learning curve for new exporters and fears that must be confronted. For inexperienced companies and their employees, the paperwork and regulatory matters involved in making that first shipment can seem daunting. More experienced exporters need help choosing new markets and finding buyers in them. We can offer them that help."

Simplifying Routine Transactions

Callers to the toll-free telephone line are offered quick online tutorials for often-requested but important tasks, such as finding estimated duties and taxes imposed by different countries. Trade specialists can facilitate export transactions by offering step-by-step assistance on the telephone or through Export.gov, the U.S. government's web portal for exporters.

That arrangement greatly simplifies routine export transactions. For example, one situation that exporters commonly encounter is a request from an international buyer that the U.S. seller provide a quote for the full delivered cost of a purchased item. The Web site has tools that can easily provide the estimates, and it can be viewed 24 hours a day. Export.gov also offers other frequently needed export reference materials, such as commodity codes, templates of commonly used shipping documents, and the full texts of regulations imposed by different countries on different commodities.

How to Contact the Trade Information Center

To access the full range of services offered by the Trade Information Center, call 1-800-USA-TRADE (1-800-872-8723) or visit the center's Web site through www.export.gov.

Multiple Resources

Even more information is available to companies that register on the Web site. Registered companies gain access to market research and trade data and can be connected to a local trade specialist in one of the more than 100 Export Assistance Centers located across the United States.

Other resources offered by the TIC include more than 30 online videos; a free Webinar series about the basics of exporting; and indispensable publications, such as A Basic Guide to Exporting, which is a 250-page textbook on how to export, and Export Programs Guide, which is a guide to federal export assistance programs.

Upselling Exports

As trade specialists field calls, they are listening for clues that indicate whether the caller's company is shipping to one or two markets but has the capability to ship to many more, which will help grow the business. "Getting reactive U.S. businesses to proactively seek new markets is one way to double the percentage of exporting U.S. companies from 1 percent to a not unthinkable 2 percent," notes Lusi.

Many companies that start out calling the TIC go on to export products and services into multiple markets. They end up with far more markets than employees and with international sales leading total growth and profits.

Meanwhile, the phones continue to ring. Someone needs help selling custom-made recumbent tricycles to buyers in Japan. Oops, a Colorado company forgot to send paperwork with a shipment to India and needs help getting the merchandise out of customs.

Business is good, and the TIC aims to help make it better.

Credit:

Doug Barry is a senior international trade specialist in the Trade Information Center.

http://trade.gov/publications/ita-newsletter/0111/answering-the-call-to-double-us-exports.asp

International Trade Administration - http://www.trade.gov/

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

SBA Proposes Increase in Size Standards for Some Industries

2011-03-16T16:34:00.002-05:00

SBA Proposes Increase in Size Standards To Expand Eligibility for Small Business Programs

WASHINGTON – A proposed rule published today for comment in The Federal Register by the U.S. Small Business Administration would adjust the size definition of small businesses in professional, scientific and technical services and other services sectors.

The proposed revisions would increase the revenue-based size definition businesses need to meet to qualify as small businesses. They apply to businesses in 36 industries and one sub-industry in professional, scientific and technical services, and one industry in other services sectors.

As part of its ongoing comprehensive review of all size standards, the SBA evaluated 46 industries and three sub-industries in these sectors. Of these, the SBA proposes to increase size standards for 36 industries and one sub-industry and retain current standards for the remaining 10 industries and two sub-industries. SBA’s size standards vary from industry to industry to account for differences among them.

In 2007, the SBA began the process of reviewing and updating size standards based on industry-specific data. Before this, the last overall review of size standards occurred more than 25 years ago. Under provisions in the Small Business Jobs Act of 2010, SBA will continue its comprehensive review of all size standards for the next several years.

The proposed changes take into account the structural characteristics within individual industries, including average firm size, the degree of competition, and federal government contracting trends to ensure that size definitions reflect current economic conditions within those industries.

The changes would allow some small businesses that are close to exceeding their current size standards to retain small business eligibility under higher size standards, giving federal agencies a larger selection of small businesses to choose from for small business procurement opportunities. SBA estimates as many as 9,450 additional firms will become eligible for SBA programs as a result of the proposed revisions, if they are adopted.

The SBA issued a White Paper entitled, “Size Standards Methodology” on Oct. 21, 2009, which explains how the SBA establishes, reviews and modifies its receipts-based and employee-based small business size standards. It can be viewed at http://www.sba.gov/size.

Comments can be submitted on this proposed rule on or before May 16, 2011, online at: http://www.regulations.gov/, where they will be posted, or mailed to Khem R. Sharma, chief, Size Standards Division, 409 3rd St., SW, Mail Code 6530, Washington, DC 20416. For more information about SBA’s revisions to its small business size standards, click on “What’s New” on SBA’s Web site at: http://www.sba.gov/size.

Credit:
U.S. Small Business Administration - www.sba.gov/news
Release Date: March 16, 2011
Contact: Tiffani Clements (202) 401 0035
Release Number: 11-19

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Gardening Health and Safety Tips

2011-03-15T15:24:00.003-05:00

Gardening can be a great way to enjoy the outdoors, get physical activity, beautify the community, and grow nutritious fruits and vegetables. Whether you are a beginner or expert gardener, health and safety are important.

Below are some tips to help keep you safe and healthy so that you can enjoy the beauty and bounty gardening can bring.

Dress to protect.

Gear up to protect yourself from lawn and garden chemicals, equipment, insects, and the sun.

· Wear safety goggles, sturdy shoes, and long pants when using lawn mowers and other machinery.

· Protect your hearing when using machinery. If you have to raise your voice to talk to someone who is an arm's length away, the noise can be potentially harmful to your hearing.

· Wear gloves to lower the risk for skin irritations, cuts, and certain contaminants.

· Protect yourself from diseases caused by mosquitoes and ticks. Use insect repellent containing DEET. Wear clothing treated with permethrin, long-sleeved shirts, and pants tucked in your socks. You may also want to wear high rubber boots since ticks are usually located close to the ground.

· Lower your risk for sunburn and skin cancer. Wear long sleeves, wide-brimmed hats, sun shades, and sunscreen with SPF 15 or higher.

Lyme Disease and Animals

Protect Yourself from the Sun

Toxoplasmosis: An Important Message for Women

West Nile Virus: Fight the Bite

West Nile Virus: Recommendations for Protecting Outdoor Workers

Put safety first.

Powered and unpowered tools and equipment can cause serious injury. Limit distractions, use chemicals and equipment properly, and be aware of hazards to lower your risk for injury.

· Follow instructions and warning labels on chemicals and lawn and garden equipment.

· Make sure equipment is working properly.

· Sharpen tools carefully.

· Keep harmful chemicals, tools, and equipment out of children's reach.

Tips to Prevent Poisonings

Watch out for heat-related illness.

Even being out in short periods of time in high temperatures can cause serious health problems. Monitor your activities and time in the sun to lower your risk for heat-related illness.

Drink plenty of water throughout the day to replace lost fluids. Don’t wait until you’re thirsty to drink.
Avoid drinking liquids that contain alcohol or large amounts of sugar, especially in the heat. These actually cause you to lose more body fluid.
Take breaks often. Try to rest in shady areas so that your body's thermostat will have a chance to recover. Stop working if you experience breathlessness or muscle soreness.
Pay attention to signs of heat-related illness, including extremely high body temperature, headache, rapid pulse, dizziness, nausea, confusion, or unconsciousness.
Watch people who are at higher risk for heat-related illness, including infants and children up to four years of age; people 65 years of age or older; people who are overweight; people who push themselves too hard during work or exercise; and people who are physically ill or who take certain medications (i.e. for depression, insomnia, or poor circulation).
Eat healthy foods to help keep you energized.

Extreme Heat

Know your limits.

Talk to your health care provider if you have physical, mental, or environmental concerns that may impair your ability to work in the garden safely.

· If you have arthritis, use tools that are easy to grasp and that fit your ability. Research shows that moderate physical activity three or more days a week can give you more energy and can help relieve arthritis pain and stiffness.

· If you are taking medications that may make you drowsy or impair your judgment or reaction time, don’t operate machinery, climb ladders, or do activities that may increase your risk for injury.

· Listen to your body. Monitor your level of fatigue, heart rate, and physical discomfort.

· Call 911 if you get injured, experience chest and arm pain, dizziness, lightheadedness, or heat-related illness.

Arthritis: Frequently Asked Questions - General Public
Gardening Tips for Everyone (Arthritis Foundation)

Enjoy the benefits of physical activity.

Gardening is an excellent way to get physical activity. Active people are less likely than inactive people to be obese or have high blood pressure, type 2 diabetes, osteoporosis, coronary artery disease, stroke, depression, colon cancer, and premature death.

· Be active for at least 2½ hours a week. Include activities that raise your breathing and heart rates and that strengthen your muscles. You can burn 150 calories by gardening (standing) for approximately 30-45 minutes. Help kids and teens be active for at least 1 hour a day.

· If you have been inactive, start out with just a few minutes of physical activity each day. Gradually build up time and intensity.

· Vary your gardening activities to keep your interest and to broaden the range of benefits.

Physical Activity and Health

Get vaccinated.

Vaccinations can prevent many diseases and save lives. All adults should get a tetanus vaccination every 10 years. Tetanus lives in the soil and enters the body through breaks in the skin. Because gardeners use sharp tools, dig in the dirt, and handle plants with sharp points, they are particularly prone to tetanus infections.

· Before you start gardening this season, make sure your tetanus/diphtheria (Td) vaccination is up to date.

· Ask your health care provider if you need any other vaccinations.

Adult Immunization Schedule
Tetanus (Lockjaw)

Credit: Centers for Disease Control and Prevention -www.cdc.gov
(http://www.cdc.gov/family/gardening/index.htm)

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

More Tax Refunds Paid, IRS Reminds Filers About Savings Bond Option

2011-03-14T13:38:00.002-05:00

WASHINGTON — The IRS is reminding those who haven’t filed their tax returns that they can receive their refunds in the form of savings bonds, payments to retirement accounts, mutual funds, as well as in the form of cash directly deposited to a checking or savings account.

By March 4, the IRS had issued more than 52 million refunds worth $161 billion for an average refund of $3,070.

For tax year 2010 returns, there are new savings bond options. Last year, if the taxpayer chose to receive a savings bond as part of the refund, it could only be issued in the taxpayers’ name. This year, taxpayers can designate anyone to receive a savings bond and also designate the co-owner or beneficiary. Also a new section was added to Form 8888, Allocation of Refund (Including Savings Bond Purchases), for entering savings bond information so that taxpayers no longer need to enter a pre-specified routing number. Instead, taxpayers will enter the bond owner’s name. The savings bonds will be mailed to the taxpayer or the person designated on the form.

Taxpayers who claim a tax refund on Form 1040 can use Form 8888 to split their refunds. Refunds can be directed into bank accounts and other financial institutions where their mutual funds or retirement accounts are managed and to purchase U.S. Series I Savings Bonds. Taxpayers can choose to use a portion of the refund to buy up to $5,000 in low-risk savings bonds, which earn interest and protect owners against inflation. The bonds must be purchased in $50 increments. Direct deposit of any remaining refund amounts is no longer required. Paper checks can be requested for the balance.

During 2010, more than 99,000 bonds were purchased using Form 8888, totaling more than $11 million dollars. To check the status of a bond purchase request, go to the “Where’s My Refund” section of IRS website. If the IRS has already processed the refund and placed the request for the bond, then the tax filer

2011 FILING SEASON STATISTICS
Cumulative through the weeks ending 03/05/10 and 03/04/11
Individual Income Tax Returns	2010		2011		% Change
Total Receipts	61,287,000		60,536,000		-1.2%
Total Processed	57,211,000		58,282,000		1.9%

E-filing Receipts:
TOTAL	51,600,000		53,863,000		4.4%
Tax Professionals	31,880,000		32,680,000		2.5%
Self-prepared	19,720,000		21,182,000		7.4%

Web Usage:
Visits to IRS.gov	109,663,929		119,793,481		9.2

Total Refunds:
Number	51,980,000		52,564,000		1.1%
Amount	$160.185	Billion	$161.345	Billion	0.7%
Average refund	$3,082		$3,070		-0.4%

Direct Deposit Refunds:
Number	44,032,,000		45,357,000		3.0%
Amount	$143.600	Billion	$145.972	Billion	1.7%
Average refund	$3,261		$3,218		-1.3%

Credit: Internal Revenue Service - http://www.irs.gov/
IR-2011-26, March 14, 2011

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Your Health Matters...

2011-03-08T14:28:00.000-06:00

Check out the new Fruit & Veggies Matter Web site for tips, recipes, and more! You can find easy ways to add more fruits and vegetables into your daily eating patterns - FruitsandVeggiesMatter.gov

What Does an SBA Guaranteed Loan Do For Me?

2011-03-08T09:48:00.001-06:00

You, like most small business owners know that access to capital is crucial for running your small business. A few popular methods you may have used to access capital are:

Borrowing from a reserve cash account
Maximizing cash flow
Short term debt on credit card
Accounts Receivable Discounting
Applying for a bank loan

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More Taxpayers Are Filing From Home in 2011, Free File Options Abound

2011-03-04T18:06:00.001-06:00

WASHINGTON — Almost 19 million tax returns have been filed with the IRS from home computers so far this year, an increase of almost 6 percent compared to the number of returns from the same time last year.

IRS reminds taxpayers that everyone can use Free File to prepare and e-file their tax returns for free, either by using brand name software or Free File Fillable Forms, which is the electronic version of IRS paper forms. Individuals or families with 2010 adjusted gross incomes of $58,000 or less can use Free File software. Using Free File Fillable Forms has no income restrictions.

Free File software is a product of a public-private partnership between the IRS and the Free File Alliance, LLC. The Alliance is a consortium of approximately 20 tax software providers who make versions of their products available exclusively on line. All Free File members must meet certain security requirements and use the latest in encryption technology to protect taxpayers’ information.

The easiest way to locate a software provider is to use the online tool that, with a little of a taxpayer’s personal information, can identify matching products. Or, taxpayers can review all providers and their offers. Some software providers also offer state income tax preparation for free or for a fee.

This is the third year that the Free File Alliance has provided the Free Fillable Forms program, which is like completing a Form 1040 online, except the program performs some math calculations and provides links to some IRS publications. However, it does not use the familiar question-and-answer format used by tax preparation software. It also does not support state income tax returns. Taxpayers can e-file the forms for free. Taxpayers must access the tax products through IRS.gov to avoid any charges for preparing or e-filing a federal tax return.
The total number of individual income tax returns that have been e-filed this year is 46.9 million, an increase of 2 percent from the same time last year. E-file includes both returns filed from home computers and returns e-filed by professional tax return preparers.

2011 FILING SEASON STATISTICS
Cumulative through the weeks ending 02/26/10 and 02/25/11
Individual Income Tax Returns	2010		2011		% Change
Total Receipts	53,556,000		51,927,000		-3.0%
Total Processed	49,751,000		49,278,000		-1.0%

E-filing Receipts:
TOTAL	45,873,000		46,868,000		2.2%
Tax Professionals	28,048,000		27,983,000		-0.2%
Self-prepared	17,826,000		18,885,000		5.9%

Web Usage:
Visits to IRS.gov	98,691,224		107,028,830		8.5

Total Refunds:
Number	45,544,000		45,077,000		-1.0%
Amount	$143.417	Billion	$141.054	Billion	-1.6%
Average refund	$3,149		$3,129		-0.6%

Direct Deposit Refunds:
Number	39,569,000		39,821,000		0.6%
Amount	$130.774	Billion	$129.684	Billion	-0.8%
Average refund	$3,305		$3,257		-1.5%

Credit: Internal Revenue Service - http://www.irs.gov/ (IR-2011-24)

Carbohydrates: How carbs fit into a healthy diet

2011-03-04T09:28:00.003-06:00

Carbohydrates aren't bad, but some may be healthier than others. See why carbs are important for your health and which ones to choose.

By Mayo Clinic staff

Carbohydrates often get a bad rap, especially when it comes to weight gain. But carbohydrates aren't all bad. Because of their numerous health benefits, carbohydrates have a rightful place in your diet. In fact, your body needs carbohydrates to function well. But some carbohydrates may be better for you than others. Understand more about carbohydrates and how to choose healthy carbohydrates.

Understanding carbohydrates

Carbohydrates are a type of macronutrient found in many foods and beverages. Most carbohydrates are naturally occurring in plant-based foods, such as grains. Food manufacturers also add carbohydrates to processed foods in the form of starch or added sugar. The most basic carbohydrate is a sugar molecule, which joins together one or two units of carbon, hydrogen and oxygen. Other carbohydrates contain three or more units of the carbon-hydrogen-oxygen trio.
Common sources of naturally occurring carbohydrates include:

Fruits
Vegetables
Milk
Nuts
Grains
Seeds
Legumes

Types of carbohydrates

There are three main types of carbohydrates:

Sugar. Sugar is the simplest forms of carbohydrates. Sugar occurs naturally in some foods, including fruits, vegetables, milk and milk products. Sugars include fruit sugar (fructose), table sugar (sucrose) and milk sugar (lactose).
Starch. Starch is made of sugar units bonded together. Starch occurs naturally in vegetables, grains, and cooked dry beans and peas.
Fiber. Fiber also is made of sugar units bonded together. Fruits, vegetables, whole grains, and cooked dry beans and peas are among foods that are naturally rich in fiber.

More carbohydrate terms: Net carbs and glycemic index

You may see terms such as "low carb" or "net carbs" on some products, or promoted by some diet programs. But the Food and Drug Administration doesn't regulate these terms, so there's no standard meaning. Net carbs is typically used to mean the amount of carbohydrates in a product excluding fiber or excluding both fiber and sugar alcohols.

You've probably also have heard talk about the glycemic index. The glycemic index classifies carbohydrate-containing foods according to their potential to raise your blood sugar level. Many healthy foods, such as whole grains, legumes, vegetables, fruits and low-fat dairy products, are naturally low on the glycemic index. Weight-loss diets based on the glycemic index typically restrict foods with a relatively high glycemic index ranking, such as potatoes and corn. However, there also are health benefits from these foods, so you don't necessarily have to eliminate them from your diet.

How many carbohydrates do you need?

The 2010 Dietary Guidelines for Americans recommends that carbohydrates make up 45 to 65 percent of your total daily calories. So, if you get 2,000 calories a day, between 900 and 1,300 calories should be from carbohydrates. That translates to between 225 and 325 grams of carbohydrates a day.
You can find the carbohydrate content of packaged foods by reading the Nutrition Facts label. The Nutrition Facts label shows total carbohydrates, which includes starches, fiber, sugar alcohols, and naturally occurring and added sugars. It may also list total fiber, soluble fiber and sugar separately. You may also be able to find nutrient calculators online or find information on a manufacturer's website.

Carbohydrates and your health

Despite their bad rap, carbohydrates are vital to your health for a number of reasons.

Providing energyYour body uses carbohydrates as its main fuel source. Sugars and starches are broken down into simple sugars during digestion. They're then absorbed into your bloodstream, where they're known as blood sugar (glucose). From there, the glucose enters your body's cells with the help of insulin. Some of this glucose is used by your body for energy, fueling all of your activities, whether it's going for a jog or simply breathing. Extra glucose is stored in your liver, muscles and other cells for later use or is converted to fat.

Protecting against diseaseSome evidence shows that whole grains and dietary fiber from whole foods helps reduce your risk of cardiovascular diseases. Fiber may also protect against obesity and type 2 diabetes. Fiber is also essential for optimal digestive health.

Controlling weightEvidence shows that eating plenty of vegetables, fruits and whole grains can help you control your weight. Their bulk and fiber content aids weight control by helping you feel full on fewer calories. Contrary to what some weight-loss diets claim, very few studies show that a diet rich in healthy carbohydrates leads to weight gain or obesity.

Choosing carbohydrates wisely:

Carbohydrates are an essential part of a healthy diet, and they also provide many important nutrients. Still, not all carbs are created equal. Here's how to make healthy carbohydrates work in a balanced diet:

Emphasize fiber-rich fruits and vegetables. Aim for whole fresh, frozen and canned fruits and vegetables without added sugar. They're better options than are fruit juices and dried fruits, which are concentrated sources of natural sugar and therefore have more calories. Also, whole fruits and vegetables add fiber, water and bulk, and help you feel fuller on fewer calories.
Choose whole grains. All types of grains are good sources of carbohydrates. They're also rich in vitamins and minerals and naturally low in fat. But whole grains are healthier choices than are refined grains. Whole grains are better sources of fiber and other important nutrients, such as selenium, potassium and magnesium. Refined grains go through a process that strips out certain parts of the grain — along with some of the nutrients and fiber.
Stick to low-fat dairy products. Milk, cheese, yogurt and other dairy products are good sources of calcium and protein, plus many other vitamins and minerals. Choose the low-fat versions, though, to help limit calories and saturated fat. And beware of dairy products that have added sugar.
Don't forget beans and legumes. Legumes — beans, peas and lentils — are among the most versatile and nutritious foods available. Legumes are typically low in fat, contain no cholesterol, and are high in folate, potassium, iron and magnesium. They also have beneficial fats, and soluble and insoluble fiber. Because they're a good source of protein, legumes can be a healthy substitute for meat, which has more saturated fat and cholesterol.
Limit added sugars. Added sugar probably isn't harmful in small amounts. But there's no health advantage to consuming any amount of added sugar. In fact, too much added sugar, and in some cases naturally occurring sugar, can lead to such health problems as tooth decay, poor nutrition and weight gain.

So choose your carbohydrates wisely. Limit foods with added sugars and refined grains, such as sugary drinks, desserts and candy, which are packed with calories but low in nutrition. Instead, go for whole grains and fruits and vegetables.

Credit: Mayo Clinic - http://www.mayoclinic.com/
Article Source Location: http://www.mayoclinic.com/health/carbohydrates/MY01458

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

20 Questions Before Starting a Business

2011-03-03T14:52:00.002-06:00

Many people dream of having their own business. To see if starting a business is right for you, ask yourself these important 20 questions. Your answers will help you determine if you are ready to become a small business owner or where you need to spend more time in planning.

Am I prepared to spend the time, money and resources needed to get my business started?
What kind of business do I want?
What products/services will my business provide?
Why am I starting a business?
What is my target market?
Who is my competition?
What is unique about my business idea and the products/services I will provide?
How soon will it take before my products/services are available?
How much money do I need to get my business set up?
How long can I have to finance the company until I start making a profit?
Will I need to get a loan?
How will I price my product compared to my competition?
How will I market my business?
How will I set up the legal structure of my business?
How will I manage my business?
Where will I house my business?
How many employees will I need to start up?
What types of suppliers do I need to contact?
What kind of insurance do I need to invest in?
What do I need to do to ensure I am paying my taxes correctly?

Credit: U.S. Small Business Administration - http://www.sba.gov/content/20-questions-before-starting-business
(http://www.sba.gov/content/20-questions-before-starting-business)

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Check-Up Checklist: Things to Do Before Your Next Check-Up

2011-03-01T13:09:00.002-06:00

Getting check-ups is one of many things you can do to help stay healthy and prevent disease and disability.

You’ve made the appointment to see your health care provider.
You’ve reviewed the instructions on how to prepare for certain tests.
You’ve done the usual paperwork.
Done, right?
Not quite.

Before your next check-up, make sure you do these four things.

Review your family health history.

Are there any new conditions or diseases that have occurred in your close relatives since your last visit? If so, let your health care provider know. Family history might influence your risk of developing heart disease, stroke, diabetes, or cancer. Your provider will assess your risk of disease based on your family history and other factors. Your provider may also recommend things you can do to help prevent disease, such as exercising more, changing your diet, or using screening tests to help detect disease early.

Find out if you are due for any general screenings or vaccinations.

Have you had the recommended screening tests based on your age, general health, family history, and lifestyle? Check with your health care provider to see if its time for any vaccinations, follow-up exams, or tests. For example, it might be time for you to get a Pap test, mammogram, prostate cancer screening, colon cancer screening, sexually transmitted disease screening, blood pressure check, tetanus shot, eye check, or other screening.

Write down a list of issues and questions to take with you.

Review any existing health problems and note any changes.

Have you noticed any body changes, including lumps or skin changes?
Are you having pain, dizziness, fatigue, problems with urine or stool, or menstrual cycle changes?
Have your eating habits changed?
Are you experiencing depression, anxiety, trauma, distress, or sleeping problems?

If so, note when the change began, how it’s different from before, and any other observation that you think might be helpful.

Be honest with your provider. If you haven’t been taking your medication as directed, exercising as much, or anything else, say so. You may be at risk for certain diseases and conditions because of how you live, work, and play. Your provider develops a plan based partly on what you say you do. Help ensure that you get the best guidance by providing the most up-to-date and accurate information about you.

Be sure to write your questions down beforehand. Once you’re in the office or exam room, it can be hard to remember everything you want to know. Leave room between questions to write down your provider’s answers.

Consider your future.

Are there specific health issues that need addressing concerning your future? Are you thinking about having infertility treatment, losing weight, taking a hazardous job, or quitting smoking? Discuss any issues with your provider so that you can make better decisions regarding your health and safety.

This site contains documents in PDF format. You will need Adobe Acrobat Reader to access the file. If you do not have the Acrobat Reader, you may download a free copy from the Adobe Web site.

Credit:

Centers for Disease Control and Prevention - www.cdc.gov

Content Source: CDC Office of Women’s Health Page last modified: January 29, 2010
Page last reviewed: January 29, 2010

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

SBA Announces Grants Available for State Trade, Export Promotion

2011-02-24T10:16:00.002-06:00

$90 Million Jobs Act Initiative Aimed at Increasing Small Business Exporting

WASHINGTON – Beginning March 1, states can apply for grants from the U.S. Small Business Administration to support efforts to increase exporting by small businesses. The State Trade and Export Promotion (STEP) pilot grant initiative is authorized to provide up to $90 million in grants to states over the next three years.

The STEP pilot grant initiative is aimed at achieving two goals: 1) increase the number of small businesses that want to export and 2) increase the value of exports for those small businesses that currently export. Established by the Small Business Jobs Act of 2010, the 50 states, the District of Columbia and U.S. territories are all eligible to apply for grants, which will be awarded on a competitive basis.

“The global market offers countless opportunities for small business owners who are well positioned to grow their volume and customer base beyond our borders, and in doing so, create good-paying jobs in their local communities,” SBA Administrator Karen Mills said. “These grants, through the partnerships they will create at the state level, will strengthen the support available to help small business take that first step to begin exporting, and for those who are already exporting, grow into additional markets.”

The Jobs Act authorized up to $90 million over three fiscal years, $30 million each year, beginning with the current fiscal year 2011. Individual state project award amounts will vary based on each state’s proposed project plan and budget.

A state may not submit more than one application for a grant under the initiative, but may apply each federal fiscal year through the 3-year term of the pilot grant initiative. Activities that can be supported with grant dollars under this initiative may include: participation in foreign trade missions, foreign market sales trips, subscription services provided by USDOC, design of international marketing products or campaigns, export trade show exhibits, training workshops or other export initiatives that are in line with the goals of the pilot grant initiative.

The STEP pilot grant initiative announcement will be posted at http://www.grants.gov/ on March 1, 2011. The application period will be March 1 through April 26. Awards for the first year of the grant program will be issued in summer of 2011. See more information at www.sba.gov/STEP.

Credit:
US Small Business Administration - http://www.sba.gov/
Release Date: February 24, 2011
Contact: Dennis Byrne (202) 205-6567
Release Number: 11-17
Internet Address: http://www.sba.gov/news

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Genomics and Heart Disease

2011-02-15T21:19:00.001-06:00

Having close biological relatives with heart disease can increase your risk of developing this disease. Family health history offers important information to help you and your family members understand health risks and prevent disease.

Heart disease is the leading cause of death and a major cause of disability in the United States. More than 600,000 Americans die of heart disease annually. This represents about 26% of all deaths in the United States. To raise awareness of this disease, February has been recognized as "American Heart Month" since 1963.

Some medical conditions, such as high cholesterol, high blood pressure, and diabetes, can increase your risk of developing heart disease. Lifestyle factors (such as an unhealthy diet, physical inactivity, and alcohol or tobacco use) and having close biological relatives with heart disease can also increase your risk of developing this disease.

Some families have a common genetic disorder called familial hypercholesterolemia (FH). This disorder causes elevated levels of low-density lipoprotein (or LDL) cholesterol, which can increase a person's risk for premature coronary heart disease and death. Approximately 1 of every 500 people in the United States has FH (or an estimated 600,000 people). FH remains under-diagnosed and under-treated. However, this disorder can be easily and effectively identified using cascade testing (also known as family tracing). Early detection and treatment of FH can help reduce the risk for coronary heart disease and death in persons with the disorder.

Listen to a new podcast about familial hypercholesterolemia. Learn more about family health history.

Content source: Office of Surveillance, Epidemiology, and Laboratory Services, Public Health Genomics

Page maintained by: Office of the Associate Director for Communication, Division of News and Electronic Media
URL for this page: http://www.cdc.gov/Features/HeartDisease/

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Update from IRS

2011-02-15T14:05:00.010-06:00

IRS Begins Processing Tax Forms Affected by Late Tax Changes; Taxpayers can e-File Immediately

WASHINGTON — The Internal Revenue Service announced today it has started processing individual tax returns affected by legislation enacted in December and reminded taxpayers that they can begin filing electronically immediately.

On Monday, IRS systems began to accept and process both e-file and paper tax returns claiming itemized deductions on Form 1040, Schedule A, as well as deductions for state and local sales tax, higher education tuition and fees and educator expenses.

“The IRS is now accepting all the 1040 forms,” IRS Commissioner Doug Shulman said. “We worked hard to update our systems and get the changes in place as quickly as possible. We appreciate the patience of those impacted by the delay. We urge taxpayers to use e-file with direct deposit, and they can get their refunds within days.”

In late December 2010, the IRS announced it would delay processing of some tax returns in order to update processing systems to accommodate the late tax law changes. These tax law provisions were extended by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which became law on Dec. 17.

For the vast majority of taxpayers, the filing season this year began on time in January. Most taxpayers claiming itemized deductions and the other delayed forms file later in the year.

The IRS urged taxpayers who haven’t filed yet to use e-file instead of paper tax forms to ensure accuracy and to get refunds fast. Taxpayers can do their taxes for free through Free File, which is brand-name software or online fillable forms. Free File is available exclusively at www.irs.gov/freefile. Anyone who makes $58,000 or less can use Free File software. There are no income limits to online fillable forms. Both Free File software and Free File Fillable Forms allow taxpayers to prepare and e-file their federal returns for free.

The IRS worked closely with the tax software industry and the tax professional community during the reprogramming process to minimize disruptions for taxpayers and ensure a smooth tax season.

As a result of these efforts, many major software providers and paid tax preparers started accepting impacted returns before the Feb. 14 start date, which they held and started submitting after the IRS systems opened.

Due to the expected increase in tax return volumes being transmitted this week, the IRS cautioned a small number of taxpayers may experience a brief delay in receiving their e-file acknowledgement, which is normally provided within 24-48 hours. The IRS continues working with the software industry to minimize any impact to taxpayers.

Business taxpayers who use the 1040 series can file now as well. However, the Feb. 14 start date does not apply to non-1040 business tax forms (add link) affected by the recent tax law changes. The IRS will announce a specific date in the near future when it can begin processing those impacted business tax forms.
Updated information has been posted on IRS.gov, including Schedule A and updated state and local sales tax tables. For a complete list of affected individual tax forms and business tax forms visit www.irs.gov/freefile.
Credit:
Internal Revenue Service - http://www.irs.gov/

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

SBA ANNOUNCES WINNERS OF 2011 TIBBETTS AWARDS

2011-02-15T11:54:00.000-06:00

Inaugural SBIR Hall of Fame Companies are Leaders in Innovation and Job Creation
WASHINGTON – Forty-Four small businesses and eight individuals were honored today for the critical role they play in research and development for the government and for their success in driving innovation and creating new jobs.

The Tibbetts Awards, given by the U.S. Small Business Administration, honor outstanding small businesses and individuals who participate in the SBA’s Small Business Innovation Research (SBIR) program. Eight past participants in SBIR who represent the very best of the 30-year SBIR program were named to the Inaugural SBIR Hall of Fame class.

“Winning the future requires redoubling our commitment to supporting innovative entrepreneurs like those we honor with Tibbetts Awards,” said Karen Mills, SBA administrator. “In particular, our eight Hall of Famers started small, but their growth has powered our economy for years. Their stories illustrate the promise of the new generation of innovative entrepreneurs and remind us all how central the success of one high growth small business can be to our competitiveness as a nation.”

The Tibbetts Awards, named after Roland Tibbetts, who was instrumental in developing the SBIR program, are presented to companies and individuals from all over the United States who are beacons of promise and models of excellence in high technology.

Tibbetts award winners are selected based on the economic impact of their technological innovation, and on whether they have met federal research and development needs, encouraged diverse participation in technological innovation, and increased the commercialization of federal research.

Two types of Tibbetts Awards exist: awards for businesses that have participated in the SBIR Phase I and II award programs, and awards for individuals who have supported the SBIR Program but who have not received economic assistance from the program.

New for 2011 are the SBIR Hall of Fame Awards which recognize companies with a long period of extraordinary success of research, innovation, and commercialization within the SBIR program.

The SBA’s Small Business Innovation Research program accounted for approximately $2.5 billion in FY 2010 in federal research and development funds and is coordinated by the SBA in cooperation with 11 federal agencies.

The presentations were made at the Washington, D.C. Marriott with Qualcomm, Inc. co-founder Dr. Irwin M. Jacobs serving as keynote speaker. A reception for the Hall of Fame class was held later at a reception at the White House.

Companies
3-C ISD – Cary, N.C.; Adaptive Technologies – Blacksburg, Va.; Advanced Cooling Technologies, Inc. – Lancaster, Pa.; Aerius Photonics, LLC – Ventura, Calif.; Analysis and Measurement Services Corp. – Knoxville, Tenn.; ANP Technologies – Newark, Del.; ATC-NY – Ithaca, N.Y.; Balfour Technologies LLC – Bethpage, N.Y.; BryCoat, Inc. – Oldsmar, Fla.; Colorado Engineering, Inc. – Colorado Springs, Colo.; Cornerstone Research Group – Dayton, Ohio; Corvid Technologies – Mooresville, N.C.; Fiber Materials – Biddeford, Maine; FIRST RF Corporation – Boulder, Colo.; Harris Vaccines – Ames, Iowa; Hummingbird Scientific – Lacey, Wash.; Kitware, Inc. - Clifton Park, N.Y.; Kutta Technologies, Inc. – Phoenix, Ariz.; M4 Sciences - West Lafayette, Ind.; MedShape Solutions, Inc. –Atlanta, Ga.; Nanohmics, Inc. – Austin, Texas; Network Foundation Technologies, LLC –Ruston, La.; Numerica – Loveland, Colo.; Ocean Farm Technologies – Morrill, Maine; Opera!

tional Technologies Corp. - San Antonio, Texas; Opto-Knowledge Systems, Inc. -Torrance, Calif.; Precision Photonics Corp. – Boulder, Colo.; Quality Electrodynamics, LLC -Mayfield Village, Ohio; Radiance Technologies, Inc. – Huntsville, Ala.; RE2, Inc. – Pittsburgh, Pa.; SA Photonics, LLC - Los Gatos, Calif.; Safety Dynamics, Inc. – Louisville, Colo.; Space Micro, Inc. - San Diego, Calif.; Total Quality Systems, Inc. – Roy, Utah; Touch Graphics, Inc. - New York, N.Y.; Trex Hawaii-Advanced Materials Group – Lihue, Hawaii; Variation Reduction Solutions, Inc. – Plymouth, Mich.; Vecna Technologies, Inc. – Cambridge, Mass.; ViewPlus Technologies, Inc. – Corvallis, Ore.; Viocare, Inc. – Princeton, N.J.; Weidlinger Associates, Inc. - Mountain View, Calif.; Williams-Pyro, Inc. – Fort Worth, Texas; Windmill International, Inc. – Nashua, N.H.; Wyatt Technology – Santa Barbara, Calif.

Individuals
Abraham Abuchowski, Prolong Pharmaceuticals - South Plainfield, N.J.; Marti Elder -Bozeman, Mont.; U.S. Dept. of Energy – Wash., DC; Douglas Maughan – Wash., DC; John H. Ruehe, Phacil, Inc. - Fort Belvoir, Va.; Mikhail Plam – Boulder, Colo.; James Stover – Nashville, Tenn.; NAVAIR Team – Md.

Hall of Fame
A123 Systems – Watertown, Mass.; Advanced Ceramics Research (BAE Systems) – Tucson, Ariz.; ATMI – Danbury, Conn.; iROBOT Corp. – Bedford, Mass.; MARTEK Corp. – Columbia, Md.; Qualcomm, Inc. – San Diego, Calif.; Symantec - Mountain View, Calif.; ViaSat, Inc. – Carlsbad, Calif.

Credit:
For more information about SBIR, please visit SBA’s extensive Web site at http://www.sba.gov/content/small-business-innovation-research-program-sbir-0
Release Date: February 15, 2011
Contact: Dennis Byrne (202) 205-6567
Release Number: 11-13
Internet Address: http://www.sba.gov/news
Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Regulations Strengthen SBA 8(a) Program

2011-02-11T12:42:00.000-06:00

Final Regulations Will Strengthen 8(a) Business Development Program for Small Businesses

WASHINGTON – The U.S. Small Business Administration today published a package of final rules that will revise regulations to strengthen its 8(a) Business Development program to better ensure that the benefits flow to the intended recipients and help prevent waste, fraud and abuse.

The rules were published today in The Federal Register and will become effective in 30 days on March 14, 2011.

The revisions are the first comprehensive overhaul of the 8(a) program in more than 10 years. The regulations incorporate technical changes and substantive changes that mirror existing or new legislation enacted since the last revision in June 1998.

“The 8(a) Business Development Program is an effective tool for providing small businesses with support to help them compete for and win federal government contracts, and in turn put them in the best possible position to drive economic growth and create jobs,” SBA Administrator Karen Mills said. “Through public meetings held in cities throughout the country, SBA gained valuable input from members of the small business community on ways to strengthen the program to provide the best opportunities for eligible firms, while also stepping up efforts to combat waste, fraud and abuse.”

The rules cover a variety of areas of the program, ranging from clarifications on determining economic disadvantage to requirements on Joint Ventures and the Mentor-Protégé program. Some of the components of the 8(a) program that the revised regulations will affect include:

• Joint Ventures – requiring that the 8(a) firm must perform 40 percent of the work of each 8(a) joint venture contract that is awarded, including those awarded under a Mentor/Protégé agreement, to ensure that these companies are able to build capacity;
• Economic Disadvantage – providing more clarification on factors that determine economic disadvantage as it relates to total assets, gross income, retirement accounts and a spouse of an 8(a) company owner when determining the owner’s ability to access capital and credit;
• Mentor-Protégé Program – adding consequences for a mentor who does not provide assistance to their protégé, ranging from stop-work orders to debarment
• Ownership and Control Requirements – providing flexibility on whether to admit 8(a) program companies owned by individuals with immediate family members who are owners of current and former 8(a) participants;
• Tribally-Owned Firms – requiring firms owned by tribes, Alaska Native Corporations, Native Hawaiian Organizations and Community Development Corporations to report benefits flowing back to their respective communities;
• Excessive Withdrawals – amending regulations on what amount is considered excessive as a basis for termination or early graduation from the 8(a) program; and
• Business Size for Primary Industry – requiring that a firm’s size status remain small for its primary industry code during its participation in the 8(a) program.

The SBA initially published the proposed rule on Oct. 28, 2009 and provided a 60-day comment period for the public to submit their comments. Many businesses requested more time, so the SBA extended the comment period an additional 30 days, allowing the public to submit their comments by Jan. 28, 2010. In addition to requesting written comments from the public, the SBA also embarked on a “Listening Tour” and hosted public meetings between December 2009 and January 2010 in 10 cities around the country: Albuquerque, N.M., Atlanta, Ga., Boston, Mass., Chicago, Ill., Dallas, Texas, Los Angeles, Calif., Miami, Fla., New York, N.Y., Seattle, Wash. and Washington, D.C.

The SBA also conducted tribal consultations to gain further public input to the revisions in Albuquerque, Fairbanks and Anchorage, Alaska, and Seattle. In total, the SBA received more than 2,500 individual comments from the public.

The 8(a) program is a nine-year business development program for small businesses where the owner(s) fits the SBA’s criteria of being socially and economically disadvantaged and the same owners control the firm. The 8(a) program helps these firms develop their business and provides them with access to government contracting opportunities, allowing them to become solid competitors in the federal marketplace. It also provides specialized business training, counseling, marketing assistance and high-level executive development to its participants. In FY09, small businesses received $18.6 billion in 8(a) contract dollars.

Credit:
U.S. Small Business Administration - http://www.sba.gov/
For more information about the revised 8(a) regulations, a compliance guide, and the 8(a) program, visit http://www.sba.gov/content/revised-8a-regulations or e-mail questions to: 8aBD2@sba.gov.
Release Date: February 11, 2011
Contact: Tiffani Clements (202) 401 0035
Release Number: 11-12
Internet Address: http://www.sba.gov/news

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Small Firm Lending, 2009-2010: Harbingers of Growth

2011-02-11T08:45:00.000-06:00

WASHINGTON, D.C. –Lending to small firms by U.S. financial institutions continued to decline, but began to stabilize in some loan size categories over the 2009-2010 period. This is according to the Office of Advocacy’s latest edition of Small Business Lending in the United States, released today. The study finds that small business lending dropped by 6.2 percent, less than the 8.9 percent drop experienced in large firm lending over the 2009-2010 period. GDP has turned upward, and business lending may follow the pattern of other recessions, in which commercial and industrial lending grew only after recovery was well under way.

“Businesses and lenders continued to exercise caution in borrowing and lending through 2009-2010,” said Chief Counsel for Advocacy Winslow Sargeant. “As the economy improves, this study, through its state-by-state display of lender performance, can help both small business borrowers and lending institutions see where small firms are beginning to find the capital they need.”

The study finds that lending in the smallest business loans under $100,000 began to stabilize in 2009-2010—the total was down by 1 percent, compared with a 5.5 percent drop in 2008-2009, and real estate loans accounted for the entire decline.

Small Business Lending in the United States, 2009-2010, uses data reported by financial institutions to their regulatory agencies to compile state-by-state rankings of these institutions with respect to their small business lending. Two types of reports are used: Consolidated Reports of Condition and Income (Call Reports) and Community Reinvestment Act (CRA) reports. (The rankings are unrelated to banks’ status with respect to Small Business Administration lending programs.)

Credit:
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo, or call (202) 205-6533.
For Release: February 10, 2011
Contact: Patrick Morris (202) 205-6941
patrick.morris@sba.gov

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Market Research

2011-02-09T10:03:00.006-06:00

U.S. Commercial Service of the Department of Commerce - www.Export.gov

Plan your market entry the right way – use market research to learn your product’s potential in a given market, the best prospects for success, and the market’s business practices before you first export.

If you’re just beginning to sell internationally, narrow your focus by concentrating on no more than two or three best-prospect markets. Use our Step-by-Step research guidelines to get started.

Market Research

Access the U.S. Commercial Service Market Research Library containing more than 100,000 industry and country-specific market reports, authored by our specialists working in overseas posts.

The Library Includes:

Country Commercial Guides (read latest “Doing Business In” guides)
Industry Overviews*
Market Updates*
Multilateral Development Bank Reports*
Best Markets*
Industry/Regional Reports*

* These market research reports are available only to U.S. companies and students/researchers that are registered with Export.gov. Register above to get access.

Agricultural Goods Market Research Reports

Market research, crop reports, export statistics, and the National Agricultural Library -- all focusing on exporters of agricultural goods and commodities. Market reports on processed and finished agricultural products can also be found in the "Country and Industry Market Reports" above.

Credit: U.S. Commercial Service of the Department of Commerce - www.export.gov

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Baby Steps: Tips to Help Expectant Parents Put Their Financial House in Order Before Baby Arrives

2011-02-08T14:17:00.001-06:00

Among all of life’s momentous occasions, having a baby is about as big as it gets. Given the sheer magnitude of the occasion and all the new responsibilities it entails, it’s no wonder many expectant and new parents wear anxious looks on their faces.

“Plain and simple, it costs a lot to have a baby,” says certified financial planner Elizabeth McFadden Aldinger of Legacy Wealth Management in Memphis, Tenn.

Expectant couples can put their nervous energy to good use by taking steps to control their growing family’s financial future. Here are some of the simple things that financial planners recommend they do as their baby’s due date approaches:

• Set up an emergency fund with enough cash to cover three to six months of gross living expenses. Interest-bearing savings accounts and money market accounts are good options for housing the money.

• Establish a savings account (separate from the emergency fund) for depositing baby-related monetary gifts and perhaps to house funds to cover the cost of baby gear. “You’re probably looking at spending at least $1,000 for gear, particularly if it’s your first child,” says Aldinger, “and you shouldn’t put all that on a credit card.”

• Brace for birth-related healthcare expenses. Learn from your healthcare insurer exactly what’s covered by your plan and how much you can expect to pay out-of-pocket, then set aside funds accordingly.

• Assess your income situation going forward. Is it financially feasible for one spouse to cut back to part-time or take extended time off to care for the baby?

• Get insured. Life, disability and health insurance are all critical to a growing family. Discuss your options with a financial planner.

• Plan for all possibilities by putting in place (with an attorney’s help) a will, durable power of attorney and advanced medical directives, plus specifications for the guardianship of your children and the handling of your assets should you both pass away.

• Establish—and start funding—a tax-friendly 529 college savings plan or Coverdell Educational Savings Account, but “make sure you’re also doing what you need to do for your own retirement,” says Aldinger.

• Ask an accountant about the tax ramifications—positive and negative—of having a child.

• The arrival of a baby can drastically alter a couple’s financial picture. Enlist a financial planner to help make sense of that changing picture. To find a competent and ethical planner in your area, visit PlannerSearch.org.

Credit:

February 2011 — This column is produced by the Financial Planning Association^® (FPA^®), the leadership and advocacy organization connecting those who provide, support and benefit from professional financial planning. Please credit FPA if you use all or part of this column. To connect with a member of FPA for your story, call FPA’s Public Relations Department at 800.322.4237, ext. 7172.

The Financial Planning Association^® (FPA^®) is the leadership and advocacy organization connecting those who provide, support and benefit from professional financial planning. FPA demonstrates and supports a professional commitment to education and a client-centered financial planning process.

Based in Denver, Colo., FPA has 95 chapters throughout the country representing tens of thousands of members involved in all facets of providing financial planning services. Working in alliance with academic leaders, legislative and regulatory bodies, financial services firms and consumer interest organizations, FPA is the community that fosters the value of financial planning and advances the financial planning profession. For more information about FPA, visit http://www.fpanet.org/ or call 800.322.4237.

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Carbon Monoxide (CO) Poisoning Prevention

2011-02-08T08:35:00.005-06:00

Every year, more than 400 people die in the U. S. from accidental CO poisoning. Change the batteries in your CO detector every six months. If you don't have a battery-powered or battery back-up CO detector, buy one soon.

CO is found in fumes produced by portable generators, stoves, lanterns, and gas ranges, or by burning charcoal and wood. CO from these sources can build up in enclosed or partially enclosed spaces. People and animals in these spaces can be poisoned and can die from breathing CO.

How to Recognize CO Poisoning

The most common symptoms of CO poisoning are headache, dizziness, weakness, nausea, vomiting, chest pain, and confusion. People who are sleeping or who have been drinking alcohol can die from CO poisoning before ever having symptoms.

Important CO Poisoning Prevention Tips in 16 Additional Languages.

Never use a gas range or oven to heat a home.
Never leave the motor running in a vehicle parked in an enclosed or partially enclosed space, such as a garage.
Never run a motor vehicle, generator, pressure washer, or any gasoline-powered engine outside an open window, door, or vent where exhaust can vent into an enclosed area.
Never run a generator, pressure washer, or any gasoline-powered engine inside a basement, garage, or other enclosed structure, even if the doors or windows are open, unless the equipment is professionally installed and vented. Keep vents and flues free of debris, especially if winds are high. Flying debris can block ventilation lines.
Never use a charcoal grill, hibachi, lantern, or portable camping stove inside a home, tent, or camper.
If conditions are too hot or too cold, seek shelter with friends or at a community shelter.
If CO poisoning is suspected, consult a health care professional right away.

CO poisoning is entirely preventable. You can protect yourself and your family by acting wisely in case of a power outage and learning the symptoms of CO poisoning.

For more information, please visit http://www.cdc.gov/co/default.htm.

Content source: National Center for Environmental Health, Division of Environmental Hazards and Health Effects; Page maintained by: Office of the Associate Director for Communication, Division of News and Electronic Media

URL for this page: http://www.blogger.com/Features/COpoisoning/

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

Rethink Your Drink

2011-02-07T19:55:00.003-06:00

When it comes to weight loss, there's no lack of diets promising fast results. There are low-carb diets, high-carb diets, low-fat diets, grapefruit diets, cabbage soup diets, and blood type diets, to name a few. But no matter what diet you may try, to lose weight, you must take in fewer calories than your body uses. Most people try to reduce their calorie intake by focusing on food, but another way to cut calories may be to think about what you drink.

What Do You Drink? It Makes More Difference Than You Think!

Calories in drinks are not hidden (they're listed right on the Nutrition Facts label), but many people don't realize just how many calories beverages can contribute to their daily intake. As you can see in the example below, calories from drinks can really add up. But there is good news: you have plenty of options for reducing the number of calories in what you drink.

Substituting no- or low-calorie drinks for sugar-sweetened beverages cuts about 650 calories in the example above.
Of course, not everyone drinks the amount of sugar-sweetened beverages shown above. Check the list below to estimate how many calories you typically take in from beverages.

Milk contains vitamins and other nutrients that contribute to good health, but it also contains calories. Choosing low-fat or fat-free milk is a good way to reduce your calorie intake and still get the nutrients that milk contains.

Learn To Read Nutrition Facts Labels Carefully

Be aware that the Nutrition Facts label on beverage containers may give the calories for only part of the contents. The example below shows the label on a 20-oz. bottle. As you can see, it lists the number of calories in an 8-oz. serving (100) even though the bottle contains 20 oz. or 2.5 servings. To figure out how many calories are in the whole bottle, you need to multiply the number of calories in one serving by the number of servings in the bottle (100 x 2.5). You can see that the contents of the entire bottle actually contain 250 calories even though what the label calls a "serving" only contains 100. This shows that you need to look closely at the serving size when comparing the calorie content of different beverages.

Sugar by Any Other Name: How To Tell Whether Your Drink Is Sweetened

Sweeteners that add calories to a beverage go by many different names and are not always obvious to anyone looking at the ingredients list. Some common caloric sweeteners are listed below. If these appear in the ingredients list of your favorite beverage, you are drinking a sugar-sweetened beverage.

High-fructose corn syrup
Fructose
Fruit juice concentrates
Honey
Sugar
Syrup
Corn syrup
Sucrose
Dextrose

High-Calorie Culprits in Unexpected Places

Coffee drinks and blended fruit smoothies sound innocent enough, but the calories in some of your favorite coffee-shop or smoothie-stand items may surprise you. Check the Web site or in-store nutrition information of your favorite coffee or smoothie shop to find out how many calories are in different menu items. And when a smoothie or coffee craving kicks in, here are some tips to help minimize the caloric damage:

At the coffee shop:

Request that your drink be made with fat-free or low-fat milk instead of whole milk
Order the smallest size available.
Forgo the extra flavoring – the flavor syrups used in coffee shops, like vanilla or hazelnut, are sugar-sweetened and will add calories to your drink.
Skip the Whip. The whipped cream on top of coffee drinks adds calories and fat.
Get back to basics. Order a plain cup of coffee with fat-free milk and artificial sweetener, or drink it black.

At the smoothie stand:

Order a child's size if available.
Ask to see the nutrition information for each type of smoothie and pick the smoothie with the fewest calories.
Hold the sugar. Many smoothies contain added sugar in addition to the sugar naturally in fruit, juice, or yogurt. Ask that your smoothie be prepared without added sugar: the fruit is naturally sweet.

Better Beverage Choices Made Easy

Now that you know how much difference a drink can make, here are some ways to make smart beverage choices:

Choose water, diet, or low-calorie beverages instead of sugar-sweetened beverages.
For a quick, easy, and inexpensive thirst-quencher, carry a water bottle and refill it throughout the day.
Don't "stock the fridge" with sugar-sweetened beverages. Instead, keep a jug or bottles of cold water in the fridge.
Serve water with meals.
Make water more exciting by adding slices of lemon, lime, cucumber, or watermelon, or drink sparkling water.
Add a splash of 100% juice to plain sparkling water for a refreshing, low-calorie drink.
When you do opt for a sugar-sweetened beverage, go for the small size. Some companies are now selling 8-oz. cans and bottles of soda, which contain about 100 calories.
Be a role model for your friends and family by choosing healthy, low-calorie beverages.

Please note: Some of these publications are available for download only as *.pdf files. These files require Adobe Acrobat Reader in order to be viewed. Please review the information on downloading and using Acrobat Reader software.

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

SBA Re-launches Dealer Floor Plan Pilot Loan Program

2011-02-07T09:49:00.002-06:00

New maximum loan size increased to $5 million by Small Business Jobs Act

WASHINGTON – A pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships will be re-launched Tuesday (2/8) and will be effective through Sept. 30, 2013, the U.S. Small Business Administration announced today.

The Small Business Jobs Act of 2010 included a provision for re-launching SBA’s Dealer Floor Plan (DFP) Pilot Loan program, which first became available in July 2009. The pilot is part of the SBA’s overall 7(a) loan guarantee program. The Jobs Act also increased the maximum size for 7(a) loans to $5 million, up from $2 million, which includes loans made through the DFP pilot program.

“As a result of the credit crunch in late 2008 and early 2009, dealerships saw a significant decline in the availability of this type of inventory financing,” SBA Deputy Administrator Marie Johns said. “SBA’s original DFP pilot program was launched as a way to expand the availability of floor plan financing and the Jobs Act added further enhancements to that program, including allowing for larger loan sizes.

“Dealerships are a cornerstone of local business communities,” Johns continued. “As we continue to see our economy recover, the re-launch of this pilot provides another tool, alongside SBA’s other programs, to help them succeed and create jobs in their local communities.”

The rules and regulations for the pilot will be available Tuesday on the website of The Federal Register, and in print editions on Wednesday. A procedural guide to the program will be posted on the SBA website at: http://www.sba.gov/content/dealer-floor-plan-financing-program-0.

Floor plan financing is a revolving line of credit that allows a dealership to obtain financing through SBA’s 7(a) program for inventory that can be titled, such as autos, RVs, manufactured homes, boats and trailers. As each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. As the loan is repaid, the dealer can borrow against the line of credit to add new inventory.

The program is available to qualifying small businesses, including new and used automobile, motorcycle, RV, manufactured homes and boat dealers. SBA has issued a new maximum alternative size standard to allow businesses with $15 million net worth and $5 million in net income measured over two years to have access to the program.

All SBA-approved lenders may make DFP loans. Lenders with more than $1 billion of floor plan lines of credit in their current portfolios may apply for delegated authority, which would expedite the lending process.

Borrowers interested in obtaining a DFP loan should contact their lender or their nearest SBA field office to get a list of SBA-approved lenders in their area who may be participating in the program. Local district offices and contact information, as well as information on this and other SBA programs and resources, can be found at http://www.sba.gov/ or by calling the SBA Answer Desk at 1-800-U-ASK-SBA or TDD 704-344-6640.

Credit:
United States Small Business Administration - http://www.sba.gov/
Contact: David J. Hall (202) 205-6697
Release Date: Feb. 4, 2011
Release Number: 11-10
Internet Address: http://www.sba.gov/news

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

National Business Association and Small Business Administration Team Up to Provide Small Business Resources to Combat the Recession

2011-02-04T09:00:00.001-06:00

Both vow to coordinate their collected services and resources to maximize benefits to the small business community and to fulfill a common mission of helping start, maintain and expand small businesses across the nation.

The National Business Association (NBA) announced that it officially signed a Strategic Alliance Memorandum (SAM) with the United States Small Business Administration. The primary purpose of the strategic alliance is to fulfill a common mission shared by the SBA and NBA of helping start, maintain and expand small businesses.

The mission of the SBA is to aid, counsel, assist and protect the interests of small business by providing financial, contractual and business development assistance and advocating on their behalf within the government. SBA district offices deliver SBA programs and services to the public. Though the SBA and NBA are independent and separate entities, their collective services and resources, when delivered in coordination with each other, will provide maximum benefits to the small business communities served. “We at SBA are excited about this renewed relationship with NBA” said Herbert Austin, District Director of SBA Dallas/Fort Worth Office.

The NBA has worked with the SBA since the early 1990s primarily as an advocate for an array of small business resources and services offered by the SBA to its members and the small business community at large. “We look forward to further strengthen our relationship with the SBA in promoting its resources and working with the Small Business Administration to design and create new and innovative solutions to address the needs of the small business community,” Raj Nisankarao, president of the association said.

The spirit of entrepreneurship fuels innovation and the creation of a business venture. Access to capital is what nurtures and facilitates a person starting a small business and taking it to fruition. “SBA backed loan programs have been instrumental in promoting and nurturing the entrepreneur. The Small Business Jobs Act and an extension of reduced fees and higher guarantee loan enhancement in the SBA’s two largest loan programs [7(a) & 504] have been a tremendous boost as well,” he added. In the spirit of the alliance, NBA will make available its First Step Review software program that allows one to determine the likelihood of qualifying for a business loan, the NBA Operating Plan Forecast program and intellectual capital in the form of business intelligence and resource articles.

About the

U.S.

Small Business Administration (SBA) - http://www.sba.gov/

The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

About the National Business Association (NBA) - http://www.nationalbusiness.org/

The National Business Association (www.nationalbusiness.org) is a not for profit association, specifically designed and actively managed to assist the self-employed and small business community in achieving their professional goals. The NBA continuously strives to provide its members with vital support programs, cost and time saving products and services in the areas of Business, Lifestyle, Education, and Health.

Trying to decide about raw milk?

2011-02-03T16:55:00.002-06:00

Raw (Unpasteurized) Milk

Trying to decide about raw milk?
Developing a healthy lifestyle is a process with many decisions and steps. One step you might be thinking about is adding raw milk to your diet. Raw milk is milk that has not been pasteurized to kill harmful germs. Germs include bacteria, viruses, and parasites. It's important to understand the risks of drinking raw milk, especially because you may be hearing claims about the supposed "benefits" of raw milk.

Raw milk contains bacteria, and some of them can be harmful. So, if you're thinking about consuming raw milk because you believe that it is a good source of beneficial bacteria, you need to know that it isn't and you may instead get sick from the harmful bacteria. If you think that certain types of bacteria may be beneficial to your health, consider getting them from foods that don't involve such a high risk. For example, so-called probiotic bacteria are sometimes added to pasteurized fermented foods, such as yogurt and kefir.

Milk and products made from milk need minimal processing, called pasteurization, which can be done by heating the milk briefly (for example, heating it to 161°F for about 20 seconds). When milk is pasteurized, some bacteria remain in it, but the disease-causing ones are killed. Harmful germs usually don't change the look, taste, or smell of milk, so only when milk has been pasteurized can you be confident that these germs are not present. To ensure that milk is safe, processors rapidly cool it after pasteurization, practice sanitary handling, and store milk in clean, closed containers at 45°F or below.

Remember, you can't look at, smell, or taste a bottle of raw milk and tell if it's safe to drink. Make the best decision for the health of your family. If you want to keep milk in your family's diet, protect them by not giving them raw milk. Even healthy adults can get sick from drinking raw milk. If you're thinking about drinking raw milk because you believe it has health benefits, consider other options.

Who is at greatest risk of getting sick from drinking raw milk?
The risk of getting sick from drinking raw milk is greater for infants and young children, the elderly, pregnant women, and people with weakened immune systems, such as people with cancer, an organ transplant, or HIV/AIDS, than it is for healthy school-aged children and adults. But, it is important to remember that healthy people of any age can get very sick or even die if they drink raw milk contaminated with harmful germs.

What are the risks associated with drinking raw milk?
Raw milk can carry harmful bacteria and other germs that can make you very sick or kill you. While it is possible to get foodborne illnesses from many different foods, raw milk is one of the riskiest of all.

Getting sick from raw milk can mean many days of diarrhea, stomach cramping, and vomiting. Less commonly, it can mean kidney failure, paralysis, chronic disorders, and even death.

Many people who chose raw milk thinking they would improve their health instead found themselves (or their loved ones) sick in a hospital for several weeks fighting for their lives from infections caused by germs in raw milk. For example, a person can develop severe or even life-threatening diseases, such as Guillain-Barré syndrome, which can cause paralysis, and hemolytic uremic syndrome, which can result in kidney failure and stroke.

Aren't raw or natural foods better than processed foods?
Many people believe that foods with no or minimal processing are better for their health. Many people also believe that small, local farms are better sources of healthy food. However, some types of processing are needed to protect health. For example, consumers process raw meat, poultry, and fish for safety by cooking. Similarly, when milk is pasteurized, it is heated just long enough to kill disease-causing germs. Most nutrients remain after milk is pasteurized. There are many local, small farms that offer pasteurized organic milk and cheese products.

I've heard that many organic and raw milk producers are creating sanitary and humane conditions for raising animals and producing "safe" raw milk and raw milk products (like cheeses and yogurts). Does this help reduce milk contamination?

Adherence to good hygienic practices during milking can reduce, but not eliminate, the risk of milk contamination. The dairy farm environment is a reservoir for illness-causing germs. No matter what precautions farmers take, and even if their raw milk tests come back negative, they cannot guarantee that their milk, or the products made from their milk, are free of harmful germs.

Germs such as Escherichia coli O157, Campylobacter, and Salmonella can contaminate milk during the process of milking dairy animals, including cows and goats. Animals that carry these germs are usually healthy.

How does milk get contaminated?
Milk contamination may occur from:

Cow feces coming into direct contact with the milk
Infection of the cow's udder (mastitis)
Cow diseases (e.g., bovine tuberculosis)
Bacteria that live on the skin of cows
Environment (e.g., feces, dirt, processing equipment)
Insects, rodents, and other animal vectors
Humans, for example, by cross-contamination from soiled clothing and boots

Pasteurization is the only way to kill many of the bacteria in milk that can make people very sick.

Information about raw milk-related outbreaks
States that allow the legal sale of raw milk for human consumption have more raw milk-related outbreaks of illness than states that do not allow raw milk to be sold legally.

Among dairy product-associated outbreaks reported to CDC between 1973 and 2008 in which the investigators reported whether the product was pasteurized or raw, 82% were due to raw milk or cheese. From 1998 through 2008, 86 outbreaks due to consumption of raw milk or raw milk products were reported to CDC. These resulted in 1,676 illnesses, 191 hospitalizations, and 2 deaths. Most of these illnesses were caused by Escherichia coli O157, Campylobacter, or Salmonella. It is important to note that a substantial proportion of the raw milk-associated disease burden falls on children; among the 86 raw dairy product outbreaks from 1998 to 2008, 79% involved at least one person less than 20 years old.

Reported outbreaks represent the tip of the iceberg. For every outbreak and every illness reported, many others occur, and most illnesses are not part of recognized outbreaks.

More Information

Visit CDC's Raw (Unpasteurized) Milk website
Listen to "Got Milk? [PODCAST – 5:28 minutes]", to learn about the risks associated with drinking unpasteurized (raw) milk
Visit FoodSafety.gov's Myths about Raw Milk
Visit FDA's The Dangers of Raw Milk: Unpasteurized Milk Can Pose a Serious Health Risk
Visit Real Raw Milk Facts

Centers for Disease Control and Prevention
1600 Clifton Rd
Atlanta, GA 30333
800-CDC-INFO
(800-232-4636)
TTY: (888) 232-6348
24 Hours/Every Day
cdcinfo@cdc.gov

Content source: National Center for Emerging and Zoonotic Infectious Diseases, Division of Foodborne, Waterborne, and Environmental Diseases

Page maintained by: Office of the Associate Director for Communication, Division of News and Electronic Media
URL for this page: http://www.cdc.gov/Features/RawMilk/

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.

High Blood Pressure & Cholesterol: Out of Control in US

2011-02-03T13:06:00.003-06:00

For American Heart Month, the February edition of CDC Vital Signs focuses on cardiovascular disease and what we can do to increase control of high blood pressure and cholesterol -- reducing the number of heart attacks, strokes, and other cardiovascular diseases in the United States.

Highlights from the report

Cardiovascular diseases kill more than 800,000 adults in the US each year. Of these, 150,000 are younger than age 65.
68 million US adults have high blood pressure.
71 million US adults have high LDL cholesterol.
Nearly 2 out of 3 adults with high LDL cholesterol and about half of adults with high blood pressure don't have their condition under control.
Having health insurance is not sufficient to achieve the control
Improvements in the way health care is delivered in the US are needed.

Common, Deadly and Preventable

Cardiovascular disease is the leading cause of death in the US. Two main reasons people have cardiovascular disease, such as heart disease or stroke, are high blood pressure and cholesterol, which are common, deadly and preventable. 68 million US adults have high blood pressure and 71 million US adults have high cholesterol. Far too few people have these conditions under control, even if they have health insurance. In fact, more than 80% of people who don't have their high blood pressure or cholesterol under control already have health insurance, indicating that for most patients, health insurance is not sufficient to achieve control. Clinical services that detect and help control high blood pressure or cholesterol are not being delivered to all those in need. Improvements in the way health care is delivered are needed in order to achieve greater levels of control.

What Can Be Done

This issue of CDC Vital Signs includes direct calls to action for:
Policymakers at all levels to develop programs and policies that will increase effective prevention and chronic disease management strategies and champion policies to reduce salt and eliminate artificial trans-fats in the nation's food supply.
Health care providers to work with their patients to manage these conditions at every opportunity. Further, these providers should use current guidelines and technology so patients get the follow up care they need and providers get feedback on their performance.
Individuals to make healthy lifestyle choices, such as eating a healthy diet, daily physical activity, and not smoking. People also should follow their doctors' instructions and stay on their medications to control their blood pressure and cholesterol.

Credit - Centers for Disease Control and Prevention - http://www.cdc.gov/

Page last reviewed: January 31, 2011
Page last updated: January 31, 2011
Content source: National Center for Chronic Disease Prevention and Health Promotion, Division for Heart Disease and Stroke Prevention
Page maintained by: Office of the Associate Director for Communication, Division of News and Electronic Media
URL for this page: http://www.cdc.gov/Features/VitalSigns/CardiovascularDisease/

Reprint of this article does not constitute an endorsement by the National Business Association; the article is for informational purposes for our members and viewers of our Web site.