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Small Business News Weekly Roundup

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Since so many faithful LegalZoom customers are small business owners or aspiring small business owners, we thought it would be useful to point you in the direction of some of the most interesting discussions going on in the small business community.

Here are five recent hot topics:

  • Small Business Relief to Drive Economic Growth: LegalZoom‘s own John Spano, Esq. runs down what Congress and President Obama are doing to help out small business owners. Some of the legislative changes discussed include a payroll tax holiday, excluding small business owners from Social Security taxes on hires of laid-off workers, and a bill currently in the House that “would extend the maximum SBA loan guarantees to 90% of principal, and ease application fees.” And speaking of good news for small businesses…
  • You’re Awesome, America!: Daniel Gross of contends that America is actually making a much more rapid economic comeback than people think, and that small businesses are an important part of the progress as “thousands of start-ups and small businesses are trying to crack the markets developing at home and abroad.” For some more good news on the small biz front, check out…
  • Survey: Most Small Businesses Have Better Economic Outlook for 2010:’s Resources for Entrepreneurs shares the results of a Constant Contact survey that found that nearly 80% of the 7,000 small business owners who responded were “confident or neutral” regarding the American economy for the upcoming year. But regarding the immediate future, it seems the prevailing mood isn’t so good…
  • Small Business Spirits Downcast in March: Reuters reports that a survey conducted by the National Federation of Independent Business (NFIB) found “its monthly index of small business optimism fell 1.2 points in March to 86.8 and below 90 for the 18th consecutive month.” Hopefully the new legislation geared toward strengthening small businesses will help the mood, but in the more not-so-good news department…
  • IRS Audits More Small Businesses Than Corporates: The tax deadline has come and gone, but Antonio Perez of The Epoch Times reports on a Transactional Records Access Clearinghouse (TRAC) report that has found that over the past five years, “the IRS has increased the amount of time it spends auditing the tax records of small U.S. businesses” by 30% while simultaneously decreasing time to devoted to corporate audits by about the same percentage.

Are you optimistic about the future of your small business? What further legislative and policy changes would you like to see to help aid small business growth?

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April 16th, 2010 at 9:07 am