All Entries in the "Special Reports" Category
Beware New Small Business Credit Score System
Without warning, millions of small business owners seeking loans or other credit from banks, vendors, corporations, finance companies and trade creditors will now be subjected to a new automated business credit scoring system that aims to reduce lender risk and eliminate manual reviews of small business loan applications. The new small business credit scoring system [...]
New SBA Study says IRS Small Biz Audit Crackdown is Bogus
Ten years ago, a landmark IRS report claimed that small business owners under-report income by $80-100 billion yearly and account for over half of the U.S. “tax gap” of owed by uncollected taxes. As a result, small business owners have been subjected to increased audits and reporting requirements, including the controversial new 1099 rule. But now [...]
SBA 8a Business Development Program Overhaul FAQ
A BizBest® Special Report: On Feb 11, 2011, the SBA made sweeping changes to the 8(a) Business Development “federal contracting” program – its biggest overhaul since 1998, effective March 14, 2011. The purpose of the 8(a) program is to help eligible small “disadvantaged” businesses compete for billions of dollars worth of federal contracts each year. [...]
