SBA Elevated to Cabinet | Get Ready for Reporting Season: Filing W-2s, 1099 Forms, and More

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Small Business Administration sent this bulletin at 01/19/2012 10:52 AM EST

 

SBA Administrator Elevated to the President’s Cabinet New Plan to Make Government Work Better for Entrepreneurs and Small Business Owners   Friday, January 13 was an important day for America’s small businesses.  President Obama asked Congress for the authority to reorganize and modernize government and he elevated Karen Mills‘ position as the SBA Administrator to Cabinet-level status. These actions are a reflection of the importance he places on small business, economic growth, and job creation.   > Read more Get Ready for Reporting Season – How to File W-2s, 1099 Forms, and More Did your small business hire employees for the first time in 2011? Did you use the services of an independent contractor? Or do you simply need a refresher on the ins and outs of wage reporting season? Here’s what you need to know about your annual employer reporting obligations.   > Read more Got Competition? 6 Tips for Dealing with a New Competitor on the Block Has someone opened up a competing business in your town? Are you worried that your business may be at risk? Not sure how to react to the new competition? Here are some tips for dealing with competitors and, quite possibly, collaborating with them!   > Read more    General Business Liability Insurance – How it Works and What Coverage is Right for You If you’ve heard it once, you’ve heard it a thousand times: if you’re starting a business, you’re going to need general liability insurance. But what does that mean? How do you determine your coverage needs? Here are a few answers about liability insurance to help guide you through the process.   > Read more    Sorting Out Confusion About Tax Information Returns Information returns are tax-reporting forms required to be submitted to the IRS. In turn, the IRS uses the information to cross-check reporting by taxpayers. According to the IRS, information returns greatly increase the compliance rate. Here’s what you need to know so you can get things right on your 2011 tax return.   > Read more    SAVE THE DATE! National Small Business Week 2012  National Small Business Week 2012 is May 20-26, 2012.   SBA will host a conference in Washington, D.C. to honor outstanding small businesses and host panel discussions on a variety of topics. You can follow along on our website or via hashtag #SBW2012. Registration for the event will open in February.

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