A battle is being waged by small businesses, accountants, and members of Congress to repeal a new tax reporting requirement in the health law. But it could raise $16 billion for the government. » E-Mail This » Add to Del.icio.us
Also tagged a-new-tax, and-members, being-waged, billion-for, congress, del-icio-us, government, health, new-tax, reporting-requirement, the-government, the-healthIn past economic recoveries, small businesses generated much of the job growth. But this time around, hiring at small firms is lagging. What does that means for the recovery? » E-Mail This » Add to Del.icio.us
Also tagged del-icio-us, generated-much, hiring-at-small, means-for, past-economic, recovery, small-firms, the-job, the-recovery, timeSam’s Club, a division of Wal-Mart, will work with a finance company to offer loans of up to $25,000 to small businesses. It’s the latest in the company’s push into finance. » E-Mail This » Add to Del.icio.us
Also tagged del-icio-us, latest, offer-loans, push-into, the-latest, will-workPresident Obama is asking Congress to pass a $30 billion measure designed to funnel more money into the hands of small business owners. The plan would take money left over from the Wall Street bailout and direct it to community banks — with an incentive for them to lend to small businesses. » E-Mail This » Add to Del.icio.us
Also tagged bailout-and, billion-measure, community-banks, del-icio-us, funnel-more, hands, incentive-for, obama, president-obama, small-business, street, the-handsWith credit tight and consumers still pinching their pennies, many business owners find they can’t go on. The Obama administration’s new plan to give a boost to small businesses reflects continued trouble in that sector, which is facing new failures even as much of the nation’s economy is stabilizing. See …
Also tagged and-consumers, credit-tight, even-as-much, failures-even, new-plan, obama, owners-find, pennies, reflects-continued, the-nationTreasury Secretary Timothy Geithner is extending the controversial $700 billion Troubled Asset Relief Program through October of next year. In a letter to congressional leaders, Geithner said TARP is still needed to provide capital to small businesses and banks and to provide foreclosure relief to struggling homeowners. » E-Mail This » Add to Del.icio.us
Also tagged and-banks, del-icio-us, geithner, october, provide-foreclosure, relief-program, still-needed, timothy-geithner, treasury-secretaryLender CIT Group has filed for Chapter 11 bankruptcy protection Sunday in an effort to restructure its debt while trying to keep loans flowing to thousands of mid-sized and small businesses. It’s one of the biggest Chapter 11 filings in U.S. corporate history. » E-Mail This » Add to Del.icio.us
Also tagged bankruptcy-protection, biggest, chapter, cit, corporate-history-, del-icio-us, keep-loans, mid-sized-and, sunday, the-biggestThe small business credit market is about to take another major hit. Six weeks after Advanta abruptly froze all of its 1 million credit-card accounts, lending giant CIT Group hangs in limbo and is reportedly eyeing bankruptcy. Go here to see the original: For small businesses, CIT is already … Visit …
Also tagged advanta, already-, cit, credit-market, group, lending-giant, limbo-and, major, million-credit-card, original, reportedly-eyeing, small-business, take-another, weeks-after