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Blog December 2013
Created on December 31, 2013
Are you a small business owner with an amazing success story to tell? If so, submit your nomination today for the 2014 National Small Business Week Awards. Nominations are currently being accepted online at http://nationalsmallbusinessweek.sba.gov/.
For more than 50 years, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions in their local communities, and to our nation’s economy. Winners will be announced during National Small Business Week – May 12-16, 2014.
Last year, we honored small business owner John Stonecipher—CEO of Guidance Aviation—with the National Small Business Person of the Year Award. John turned his childhood fascination with airplanes into a successful business. Today Guidance Aviation has a staff of 55, fourteen aircrafts and a waiting list of students ready to take flight into their futures.
Are you our next winner? Apply online today: http://nationalsmallbusinessweek.sba.gov/.
In addition to the portal, nominations can also be sent directly to SBA District Offices, which can be located online at district offices. All nominations must be submitted online, postmarked or hand delivered to the SBA no later than 11:59 p.m. ET on January 17, 2014.
Created on December 30, 2013
The U.S. Commercial Service and the Embassy of the United States of America in Canada is pleased to announce our upcoming webinar series on The Logistics of Doing Business in Canada. The North American Free Trade Agreement (NAFTA) has made doing business in Canada easier, however, many questions still exist.
This webinar series will give you the opportunity to get answers to the most frequently asked questions, as well as answer your specific questions.
Created on December 24, 2013
The U.S. Small Business Administration (SBA) issued two final rules in the Federal Register today, revising size standards for firms in two North American Industry Classification System (NAICS) sectors, namely, Utilities (Sector 22) and Construction (Sector 23).
Size standards define the maximum size a firm can be and still be considered a small business. The revised standards reflect changes in marketplace conditions and public comments that SBA received to its earlier proposed rules.
New size standards will enable more businesses in these sectors to obtain or retain small business status; will give federal agencies a larger pool of small businesses from which to choose for their procurement programs; and will make more small businesses eligible for SBA’s loan programs.
Created on November 4, 2013
Announcing two unprecedented opportunities for U.S. economic development organizations to participate in SelectUSA events in Hong Kong, Shenzhen, and Guangzhou in early 2014.
January 13 - 14, 2014 - SelectUSA Booth at the Asian Financial Forum (AFF), Hong Kong Convention and Exhibition Centre
The U.S. Commercial Service team in Hong Kong is recruiting interested U.S. economic development organizations (EDOs) with concrete investment projects to participate at the sixth annual Asian Financial Forum on January 13 - 14. AFF brings together members of the global financial and business community to discuss developments and trends across markets in Asia. Participating EDOs will be hosted at the SelectUSA booth in the AFF Investment Zone. The fee to participate is $950 per person, which grants full access to the two-day conference, two keynote lunches, networking receptions, the DealFlow meetings, and more.
Created on December 18, 2013
Business is underway, and you’ve hired some help. You’ll need to take care of employees by making sure that the right tax forms are complete.
One-on-One Help from the Social Security Administration
Employers who need help with general wage reporting information can call the Social Security Administration’s Employer Reporting Service Center at 800-772-6270. For answers to more technical questions, employer service liaison officers are available around the country by calling 800-772-6270.
FORM W-2 FILING INFORMATION
Each year, employers must send Copy A of each employee’s Form W-2, Wage and Tax Statement, with one Form W-3,Transmittal of Wage and Tax Statement, to the Social Security Administration by the last day of February (or last day of March if they file electronically) to report the wages and taxes of their employees for the previous calendar year.
Complete wage reporting information and all publications needed to meet their wage reporting responsibilities are now online on the Social Security Online website, Employer W-2 Filing Instructions and Information page.