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Blog March 2012
On Thursday March 22, 2012, by a vote of 73-26, the U.S. Senate passed a measure designed to assist small businesses raise capital. The JOBS (Jumpstart Our Business Startups) Act is a compilation of six legislative proposals aimed at addressing how small start-ups raise capital and revising certain disclosure requirements.
The JOBS Act contains provisions that would allow small businesses to raise capital in a number of different ways. One such way is removing restrictions imposed by the Securities and Exchange Commission (SEC) on crowdfunding. Under the JOBS Act, entrepreneurs can raise up to $1 million from investors before having to register with the SEC. It also allows small businesses to use advertisements to solicit investors. This was previously disallowed by the SEC beginning in 1982.
In his State of the Union address, President Obama laid out a blueprint for constructing an economy built to last -- an economy built on American manufacturing, American energy, and American ingenuity. An economy that’s built on making things the rest of the world wants to buy and where, if you work hard, you can earn a decent living.
Federal Business Opportunities commonly known as Fed Biz Ops or FBO is a free web-based portal which allows vendors to review Federal Procurement Opportunities over $25,000.
Purpose: Federal Opportunities, Data Research
Who should register in Fed Biz Ops?
- Any business enterprise registered in the CCR that would like to search for federal procurement opportunities value at $25,000 or greater
What is required to register?
- Registered vendors should complete a standard business profile that include, DUNS, CAGE, and MPIN numbers
Who can access Fed Biz Ops?
SBA Hosts 14-City Matchmaker Conferences to Connect Small Businesses with Teaming and Federal Contract Opportunities
The U.S. Small Business Administration will host the fourth of its free Mentor-Protégé Matchmaking Conference series in Los Angeles, Calif., on March 21. The program gives small disadvantaged businesses access to guidance on federal contracting, face-to-face meetings and opportunities to team with larger businesses and graduates of the SBA’s 8(a) Business Development program.
Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough.
Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. If you do not pay enough through withholding or estimated tax payments, you may be charged a penalty. If you do not pay enough by the due date of each payment period you may be charged a penalty even if you are due a refund when you file your tax return.