“I’m thrilled to be here on what is an exciting day,” said the President as he prepared to sign the Small Business Jobs Act this afternoon. With small business owners who will receive tax breaks and better access to credit in the audience, the President explained to everybody why he has fought so long for it:
Now this is important because small businesses produce most of the new jobs in this country. They are the anchors of our Main Streets. They are part of the promise of America – the idea that if you’ve got a dream and you’re willing to work hard, you can succeed. That’s what leads a worker to leave a job to become her own boss. That’s what propels a basement inventor to sell a new product – or an amateur chef to open a restaurant. It’s this promise that has drawn millions to our shores and made our economy the envy of the world.
Director Hinson participated on the September 16th panel Africa and the Diaspora - From Slave Ships to Partnerships hosted by U.S. Rep. Bobby L. Rush.
The panel was composed of leading Africa experts from the public, private and non-profit sectors. The panel increased awareness about Africa's position in the global economy. Specifically, the forum discussed the Obama Administration's efforts to increase trade with Africa, especially the role that minorities play to strengthen U.S. Africa economic ties.
FREE IRS Webinar on Tax Provisions of the Affordable Care Act (ACA) on September 9, 2010
Learn about the tax provisions of the Affordable Care Act (ACA recent health care legislation) at a FREE IRS Webinar on September 9, 2010 at 2 p.m. Eastern.
The IRS’s Small Business/Self-Employed Division is presenting this FREE webinar especially for small business owners and the self-employed. Learn about Affordable Care Act’s current tax provisions and where to find future updates.
Current Ratios and Quick Ratios
Current ratios help evaluate a company’s ability to pay short-term obligations.
Current ratio = current assets / current liabilities
The current ratio includes all current assets, but since inventory is not always quickly liquidated, many analysts remove it from the equation and use the Quick ratio.
Quick ratio = (current assets – inventory) / current liabilities
The quick ratio emphasizes assets that are easily converted to cash. The higher the ratio, the better off the company. Analysts like to see ratios greater than 2:1 for current ratios and 1:1 for quick ratios.