Illinois is the latest state—along with California and New York—to buckle under the weight of its debt. Illinois's unpaid bills and Minnesota's late corporate tax refunds are a problem for small businesses.
Over the past weekend, Italy's caretaker cabinet formally approved plans to begin paying its overdue bills to domestic suppliers and service providers. Its official arrears have aggravated underlying problems, such as access to credit by small and medium size businesses, who are the main creditors. The problems of the SMEs has also contributed to the rising non-performing loans of Italian banks.
IRS waives late payment penalties for returns containing delayed forms. If you can’t file or pay taxes on time, it’s always better to extend your return while you round up the information or the cash. The penalty for filing a late unextended return is 5%, plus an additional 5% for every additional month of late filing. The penalty
Fashion-industry blog Fashionista reported earlier this month that Occupy Wall Street's "Intern Labor Rights division" had made plans to protest unpaid internships in the industry at New York Fashion Week.
Entrepreneurs are gearing up to sell tasty treats out of their home kitchens next year, now that the passage of the California Homemade Food Act has lifted onerous regulations that once held back fledgling businesses.
This year, small-scale treat makers in the world’s ninth largest economy will avoid costly rules governing large food businesses, further propelling the growing cottage food industry. The Sustainable Economies Law Center (SELC), which actively lobbied for the law, expects more than 400 Californians to open artisanal food businesses in January alone.
By Marc Chandler:Over the past weekend, Italy's caretaker cabinet formally approved plans to begin paying its overdue bills to domestic suppliers and service providers. Its official arrears have aggravated underlying problems, such as access to credit by small and medium size businesses, which are the main creditors. The problems of the SMEs have also contributed to the rising non-performing loans of Italian banks.
Late payers would effectively face a 20pc VAT “fine” under the terms of proposals being aired to provide shock treatment for offenders, reports The Telegraph.
Beatrice Bartlay, managing director of 2B Interface, the jobs agency, is canvassing support for reforms to a problem she says is “killing” small businesses.
one-year anniversary of the launch of President Obama’s National Export
Initiative, U.S. Commerce Secretary Gary Locke, Agriculture Secretary Tom
Vilsack, U.S. Trade Representative Ron Kirk, Small Business Administration
Administrator Karen Mills and Export-Import Bank Chairman Fred Hochberg
announced today the launch of a year-long, interagency, multi-city outreach
campaign designed to help connect small and medium sized businesses (SMEs) with
the resources they need to sell more of what they make overseas.
America to win the future, more small and medium sized businesses must export,
because the more small businesses export, the more they produce; the more they
produce, the more workers they need, and that means good-paying jobs here at
home,” Locke said.
first of these New
Markets, New Jobs events is scheduled for February 17th
in Minneapolis, Minn. Locke is expected to be joined by Kirk, Mills,
Hochberg, Minnesota Governor Mark Dayton and Minneapolis Mayor R.T. Rybak,
among others. The Minnesota stop will be followed by events in Los Angeles,
Calif., Louisiana and Wilmington, Del. in the coming months. The conferences,
which were called for in September’s Report
to the President on the National Export Initiative, are intended to
reach more than 3,500 small and medium sized companies interested in exporting.