President Obama’s claim of lower small business taxes: The Fact Checker – The Washington Post

Posted at 06:00 AM ET, 09/28/2011 By Glenn Kessler

(Associated Press)

“As I said, we’ve actually cut taxes for small business 16 times since I’ve been in office. So taxes for small businesses are lower now than they were when I came into office.”

–President Obama, Town Hall with LinkedIn, Sept. 26, 2011

We’ve been meaning to look into the administration’s claim that the president has cut small business taxes “16 times,” and now the president’s appearance in Silicon Valley has given us an opportunity. (The White House also has claimed as many as 17 small business tax cuts, including a tax cut in a bill signed at the end of 2010.)

The president, in fact, went even further this week and asserted: “Taxes for small businesses are lower now than they were when I came into office.” That’s a big claim. How true is this?

The Facts & The Pinocchio Test: President Obama’s claim of lower small business taxes – The Fact Checker – The Washington Post

Technorati Tags: glenn kessler, obama, small business, taxes, the fact checker, the washington post, national federation of independent business, the pinocchio test,

Free, LIVE SCORE Webinar: New Rules of Personal Productivity

Subscribe | Whitelist Us Free, LIVE SCORE Webinar New Rules of Personal Productivity Featuring Effectiveness Expert, Tony Signorelli Tomorrow, Thursday, 9/8 at 1pm ET A FREE, LIVE Webinar Presented by SCORE Discover ways to get the most out of your time and prioritize your small business needs from time management expert, Tony Signorelli.  Reserve Your Seat: Register Now

Dear :Join us for our latest FREE, LIVE webinar, New Rules of Personal Productivity, on September 8th.This Thursday, Tony Signorelliwill review best ways to prioritize your small business responsibilities and get the most out of your time.In this webinar we will discuss: How to PRIORITIZE your activities so that the really important things come first – in your work and in your life. You can transform your life from a boring daily grind to joy-filled adventure. How to ELIMINATE activities and habits that feel important but don’t really matter. Most of us spend inordinate amounts of time shuffling minutiae. You can recover 11-13 hours a week – all available for more productive work and a lot more fun. How to AUTOMATE important but low-value work. We often choose the lowest value work, thinking we’re saving money. But there are huge opportunities to automate the right things that can free your time. How to DELEGATE to and use virtual assistants. Whether you hire an assistant locally or overseas, you must know how to set up the right procedures and give the right kind of instructions. How to BATCH organize your work. After completing the previous four steps, the only thing left is your critical work. Organizing that work properly will help you get it done sooner, so you can go out and play- or work at something more productive. Register for New Rules of Personal Productivity. All registrants will receive a link to the recording and a copy of the presentation! See you on the webinar, SCORE Association Featuring Tony Signorelli Tony Signorelli serves as the principle consultant at Signorelli & Associates, Inc., which provides expertise in sales force effectiveness, process design, and training for major corporations. Tony is the founder of the New Rules of Self Employment, an online community of independent, small business, and entrepreneurial professionals. He offers presentations and workshops to help professionals prioritize their business focus and streamline productivity, thereby increasing sales, profits, and work-life balance. Tony is the author of the forthcoming book New Rules of Self Employment and several publications on entrepreneurship. Quick Links Find a SCORE Mentor Today Contact your local Chapter Take an Online Workshop See How SCORE Succeeds

Has SCORE helped your business? Give back to SCORE to help entrepreneurs succeed: Donate today.This e-newsletter is sent to all individuals who signed up to receive it at www.score.org. We do not sell, rent or trade the names on our email list. Your email address is only used to send messages from SCORE. Visit www.score.orgto view SCORE’s Privacy Policy.Brought to you by SCORE, America’s free and confidential source of small business mentoring and coaching. SCORE is a nonprofit association of more than 13,000 business experts who volunteer as mentors. SCORE offers free mentoring and low-cost workshops nationwide. A resource partner with the U.S. Small Business Administration, SCORE has helped more than 9 million entrepreneurs since 1964.Call 1-800-634-0245 for the SCORE office near you or visit online at SCORE.

Zero Jobs Created, August Jobless Rate Stuck at 9.1%

Zero Jobs Created, August Jobless Rate Stuck at 9.1% – Unemployment – Fox Nation

September 02, 2011

U.S. employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Nonfarm payrolls were unchanged, the Labor Department said on Friday, the weakest reading since September. Nonfarm employment for June and July was revised to show 58,000 fewer jobs.

Despite the lack of employment growth, the jobless rate held steady at 9.1%. The unemployment rate is derived from a separate survey of households, which showed an increase in employment and a tick up in the labor force participation rate.

While the report underscored the frail state of the economy, the hiring slowdown probably will not be seen as a recession signal as layoffs are not rising that much.

Read more at foxbusiness.com

Technorati Tags: employment growth, unemployment, consumer confidence, federal reserve, economy, labor department, nonfarm employment, jobless rate,

Federal Contracts: Small Business Wins for Aug. 29, 2011 – Washington Business Journal

Federal Contracts: Small Business Wins for Aug. 29, 2011 – Washington Business Journal.

Setting up a Business Structure — Tax Considerations: NFIB

Top Article of the Week from NFIB.com:

Setting up a business structure is one of the first things small businesses owners need to think about when starting up a business. There are several options to choose from, like a sole proprietorship, partnership, limited liability company, or a corporation. You need to select the business structure that is attainable with your current resources and will best meet your objectives. Not every structure will be right for you, and each has its own strengths and weaknesses, as well as tax implications. To help you make your decision, here are some basic facts about five major types of business structure, their systems of ownership and their tax implications.

Sole Proprietorship

Partnership

Corporation

Subchapter-S Corporation

Limited Liability Company

Read article: Setting up a Business Structure — Tax Considerations | NFIB

Steve Jobs: Parting Quotes For Today’s Entrepreneurs | Inc.com

August 25, 2011

Posted by Renee Oricchio @oricchio at 2:00 PM

By now you’ve likely heard that Steve Jobs has resigned as CEO of Apple and plans to continue as chairmen of the board. COO, Tim Cook, who has filled in for Jobs in recent years during his various medical leaves while he first battled pancreatic cancer and then recovered from a liver transplant, will step in as CEO.

There is much to be analyzed and reported on regarding this announcement. Every newspaper, blog and tech news outlet in the world is weighing in right now with their take on what this means for Apple, the tech industry itself, Steve Jobs and his legacy.

In today’s world of 2011, we tend to focus on only Steve Jobs, the CEO. The CEO of one of the largest companies in the world (tech or otherwise, keep in mind Apple just surpassed Exxon). It’s easy to forget he was once one of you, the audience we target– the entrepreneur, the small business owner, the self-employed maverick going your own way.

MBA students will be studying Jobs the CEO for generations to come. But you and people like you, dear reader, will likly bump into Steve Jobs the entrepreneur for inspiration and wisdom for many years to come, as well.

I thought this would be a good time to share some of his best quotes from over the years; specifically sage wisdom for you, the David who dreams of one day being the Goliath.

Apply these words from the 90′s to this economy

“The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament.”

On you and the other guys

On selling your startup

On attitude

On resting on your laurels

On humility

On how innovation really happens

On quality

On designing products

On pride in your work

Should you rethink focus groups?

On creativity

The Tao of Steve

Read what Steve says about these: Steve Jobs: Parting Quotes For Today’s Entrepreneurs | Inc.com

Technorati Tags: Steve jobs, entrepreneurs, apple, startup, start-up, attitude, resting on your laurels, humility, innovation, quality, designing products, pride in your work, focus groups, creativity, tao of steve,

Five Myths about Financing Start-ups that Hurt Entrepreneurs

Small Business Trends, Startup Trends January 14, 2008 By Scott Shane

Most entrepreneurs believe a bunch of myths about financing new companies that hinder their efforts to raise money. Here are a few:

Myth 1: It takes a lot of money to finance a new business.

Myth 2: Venture capitalists are a good place to go for start-up money.

Myth 3: Most business angels are rich.

Myth 4: Start-ups can’t be financed with debt.

Myth 5: Banks don’t lend money to start-ups.

Don’t believe the myths, know the reality…Five Myths about Financing Start-ups that Hurt Entrepreneurs

12 Great Business Ideas (You Could Start Today)

By BusinessNewsDaily Staff  13 AUG 2011

Looking to start a new business but short on ideas? Here’s a roundup of some of the great business ideas we’ve researched so far this year. Click on the individual titles to learn more about the business idea and get advice from experts who know about each industry.

Business Opportunity: Career coach

With unemployment at near-record levels and millions of others stuck in careers they can’t stand, there’s a supreme demand for career guidance.

Business Opportunity: Personal social media consultant

Between Facebook, LinkedIn, Twitter and a host of other ever-evolving social networking sites, the potential for unintentionally sending the wrong image of one’s self to potential employers, college recruiters and even business partners is greater than ever.

Business Opportunity: Memory organizer

Birthdays, holidays and first days of school are all events that parents want documented with photographs. But what happens to those memories after the birthday candles are blown out?

Business Opportunity: Invasive species pest management

While there has long been a need for exterminators, the recent arrival of such irritating pests as the stink bug and long-horned beetle has opened the door for a new type of pest management specialist.

Business Opportunity: Tablet app development

As the iPad continues to win over consumers, other brands such as Motorola and Samsung are jumping into the game in an attempt to cash in on the tablet craze.

Business Opportunity: Online video production

While businesses used to reserve video for their television ads, the Internet has opened up a new world of opportunities for the medium, and everyone is looking for that next great viral video to spur on their brand.

Business Opportunity: Specialty foods provider

Americans are dealing with more dietary restrictions than ever. These special dietary needs are driving the growth of the specialty foods industry, which includes gluten-free, organic, low sodium and lactose-free products.

Business opportunity: Online privacy management

In recent months, major brands such as Sony PlayStation and LinkedIn have suffered online security breaches, potentially leaving sensitive customer information in the hands of the wrong people.

Business opportunity: PR for socially responsible businesses

Over the past several years, the business model of combining a for-profit mentality with a socially conscious mission has become wildly popular.

Business Opportunity: Personal concierge

Regardless of the hours in a day, it seems that for many people there’s simply not enough time to get everything done.

Business Opportunity: Senior care services

This year, the first of some 78 million Baby Boomers will officially take on the additional title of senior citizens. Born between 1946 and 1964, this group will lead an extensive increase in the senior citizen population.

Business Opportunity: Resale retail

The recent recession taught Americans a lot of lessons, including how to cut back on their spending. That cost-cutting led to a rise in the popularity of resale shops for those on the hunt for everything from clothes and house wares to sporting goods and antiques — a trend that remains even as the economy starts to improve.

Read more detail: 12 Great Business Ideas | Business Ideas | Ideas for Starting a Business | Business News Daily

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Deja Vu: Dow Crumbles 635 After Economic, Debt Fears Engulf Wall Street

By Adam Samson | Published August 08, 2011 | FOXBusiness

After closing out the worst week since 2008, Wall Street was once again pummeled on Monday after global sovereign debt and economic fears sent traders fleeing equities with few shelters in sight.

Today’s Markets

The Dow Jones Industrial Average plunged 635 points, or 5.6%, to 10,810, the S&P 500 tumbled 79.9 points, or 6.7%, to 1,119 and the Nasdaq Composite dipped 174.7 points, or 6.9%, to 2,358.

The sell-off was broad, with every major sector taking deep losses. In a sign of the depth of the selling, 98% of the volume on the New York Stock exchange was in declining shares. The Dow closed below 11,000 for the first time since October 2010, and every blue chip ended in the red.

Despite the steep retreat from equities, some market participants were optimistic that markets are in the process of bottoming out.

A round of disappointing economic data, capped with a mixed monthly employment report has weighed heavily on sentiment in recent weeks. There are only a handful of data releases scheduled for the first half of the week, however, traders are expected to pay close attention to the Federal Reserve’s statement on Tuesday to see if the central bank signals another round of quantitative easing.

Market participants will also be watching a slew of economic data slated for release by China overnight, according to Peter Boockvar, managing director at Miller Tabak+Co. China is one of the world’s largest economies and can have a drastic impact on global markets.

Global Governments Act

Meanwhile, global governments acted on Sunday to try to stem market fears across the world. The European Central Bank said it was prepared to “actively implement” a program by which it would purchase Italian and Spanish debt. European credit markets have been rattled as debt worries have cascaded from smaller economies like Greece to more substantial ones like Italy.

The Group of 7 finance ministers also made a statement late Sunday, saying it was prepared to take whatever steps are necessary to calm global markets that were slammed last week.

Still, many market participants questioned what actions global governments would be able to take to tame tumultuous markets. The statement by G7 “sought to bolster confidence but offered only consoling words,” analysts at Barclays Capital wrote in a note to clients.

The sell-off on Monday comes on the heels of the steepest retreat for Wall Street since the financial crisis in 2008. The broad S&P 500 plunged 7.2%, the Dow shed 5.8%, and the Nasdaq plunged 8.1%.

Read entire article: Deja Vu: Dow Crumbles 635 After Economic, Debt Fears Engulf Wall Street – FoxBusiness.com

Related Stories
S&P: U.S. Faces Further Downgrade Beyond AA+
Treasury Hits Back Against S&P Downgrade
The S&P Downgrade Is a Wake Up Call for All Americans
Asian Stock Markets Sink After U.S. Credit Downgrade

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Deja Vu: Dow Crumbles 635 After Economic, Debt Fears Engulf Wall Street

By Adam Samson | Published August 08, 2011 | FOXBusiness

After closing out the worst week since 2008, Wall Street was once again pummeled on Monday after global sovereign debt and economic fears sent traders fleeing equities with few shelters in sight.

Today’s Markets

The Dow Jones Industrial Average plunged 635 points, or 5.6%, to 10,810, the S&P 500 tumbled 79.9 points, or 6.7%, to 1,119 and the Nasdaq Composite dipped 174.7 points, or 6.9%, to 2,358.

The sell-off was broad, with every major sector taking deep losses. In a sign of the depth of the selling, 98% of the volume on the New York Stock exchange was in declining shares. The Dow closed below 11,000 for the first time since October 2010, and every blue chip ended in the red.

Despite the steep retreat from equities, some market participants were optimistic that markets are in the process of bottoming out.

A round of disappointing economic data, capped with a mixed monthly employment report has weighed heavily on sentiment in recent weeks. There are only a handful of data releases scheduled for the first half of the week, however, traders are expected to pay close attention to the Federal Reserve’s statement on Tuesday to see if the central bank signals another round of quantitative easing.

Market participants will also be watching a slew of economic data slated for release by China overnight, according to Peter Boockvar, managing director at Miller Tabak+Co. China is one of the world’s largest economies and can have a drastic impact on global markets.

Global Governments Act

Meanwhile, global governments acted on Sunday to try to stem market fears across the world. The European Central Bank said it was prepared to “actively implement” a program by which it would purchase Italian and Spanish debt. European credit markets have been rattled as debt worries have cascaded from smaller economies like Greece to more substantial ones like Italy.

The Group of 7 finance ministers also made a statement late Sunday, saying it was prepared to take whatever steps are necessary to calm global markets that were slammed last week.

Still, many market participants questioned what actions global governments would be able to take to tame tumultuous markets. The statement by G7 “sought to bolster confidence but offered only consoling words,” analysts at Barclays Capital wrote in a note to clients.

The sell-off on Monday comes on the heels of the steepest retreat for Wall Street since the financial crisis in 2008. The broad S&P 500 plunged 7.2%, the Dow shed 5.8%, and the Nasdaq plunged 8.1%.

Read entire article: Deja Vu: Dow Crumbles 635 After Economic, Debt Fears Engulf Wall Street – FoxBusiness.com

Related Stories
S&P: U.S. Faces Further Downgrade Beyond AA+
Treasury Hits Back Against S&P Downgrade
The S&P Downgrade Is a Wake Up Call for All Americans
Asian Stock Markets Sink After U.S. Credit Downgrade

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