The Pros & Cons of Taking Out a Loan vs. Venture Capital

With the economy and unemployment the way it is today, many folks are thinking about starting or growing their own small business. But this requires money to pay for things like employee’s salaries (you may be the only employee), offices, supplies, marketing and more. Entrepreneurs typically get their money from …

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2013 Business Tax Changes and Credits in Fiscal Cliff Deal Extend Small Business Jobs Act Tax Changes

[2013 Small Business Tax Breaks Extensions] Congress and the Obama administration have reached an agreement that will extend a number of small business tax breaks through 2013 following the fiscal cliff deal which was legislated through the Taxpayer Relief Act of 2012. This includes: R&D credit extended: The Research and Development (R&D) tax credit was extended for another …

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5 Insider Tips for Starting a Small Business

I spend every day writing on the subject of personal finance. So it’s rare that I get to discuss straight-up business tips. But because of the growth of this once little known blog, I’m now running my own legitimate small business. Below I present some tips I’ve picked up along …

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How to Get and Qualify For a Small Business Loan (SBA 7a)?

[Update] Under the recently enacted $2 trillion Coronavirus stimulus bill (CARE) additional financial help has been provided to small business in the form of expanded loan assistance programs by expanding the SBA section 7(A) act to guarantee loans up to $10 million. There are also provisions under the Paycheck Protection …

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2010 HIRE Act – Small Business Health Care Tax Credit, Payroll Tax Incentive and Business Credit For Employers Hiring and Retaining Unemployed Workers

[Updated with New IRS provisions] The IRS has released more details on tax-saving opportunities included in recently enacted HIRE act federal legislation (see details in previous update below). A variety of business tax deductions and credits were created, extended and expanded by the American Recovery and Reinvestment Act of 2009 …

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