In this week’s small business news roundup, we talk about the fate of the dreaded 1099 provision in the health care bill, Senator Gillibrand’s call to help small businesses, good news for women-owned businesses, what’s new in exports, and also why it’s still worth your time to engage in social media. Let’s go!
- Senate votes to kill detested small-business tax law: The 1099 provision that “would have required small businesses to file a tax form for any company from which it bought more than $600 in goods or services in a single year” beginning in 2012 has been voted down by both the Senate and House; President Obama is expected to sign the repeal.
- Senator Gillibrand Proposes Small Business Help: “New York Senator and Democrat Kirsten Gillibrand has announced a series of legislative steps she plans to take to help generate more jobs and speed up small business development.” Read more at Gaebler.com.
- The Rise of Women-Owned Businesses [Infographic]: “American Express OPEN released The American Express OPEN State of Women-Owned Businesses Report, a comprehensive look at the growth of women-owned businesses in the United States as well as challenges that they still face.”
- Small businesses look across borders to add markets: Paul Davidson of USA Today shares information about “President Obama’s National Export Initiative, launched early last year, which aims to double U.S. exports in five years and create 2 million jobs.”
- Report: Social Media Worth the Time: Great news for those of you already investing in social media: Inc. reports on results from the 2011 Social Media Marketing Report, which show that benefits of social media include “[g]enerating more business exposure,” “[i]ncreased traffic,” “improved search rankings, and “[i]mproved sales” — and is especially useful in helping “the self-employed and small business owners with two or more employees . . . close new business.”
What’s new in your small business world this week?