America’s SBDC Blog

A “Forbes 100 Best Websites for Entrepreneurs”

Capitalizing on Tax Incentives for Hiring Veterans

August 6, 2012

While many entrepreneurs gripe about the tax burden government puts on small business, Uncle Sam does, on occasion, reward small business owners for doing the right thing. And when it comes to hiring veterans, the federal government provides tax incentives that encourage one of the best decisions a small business can make. But, in most cases, you’ll have to act fairly quickly in order to qualify for these tax credits.

The Returning Heroes Tax Credit

Signed into law on November 22, 2011, you only have until January 1, 2013, to qualify for this two-fold tax credit. The Returning Heroes credit is different based upon the length of the veteran’s unemployment.

· Short-term unemployment. If the veteran you hired was unemployed for at least four weeks, your business qualifies for a credit worth 40 percent of the veteran’s first $6,000 in wages (a $2,400 maximum credit).

· Long-term unemployment. If the veteran you hired was unemployed for longer than six months, your business qualifies for a credit worth 40 percent of the veteran’s first $14,000 in wages (a $5,600 maximum). (more…)

What is a Freight Forwarder? Part 1

August 4, 2012

Pro Forma Invoice; Help you Ship Economically; Help you Ship Safely; Ship in Compliance with U.S. export laws; International Transportation Department.

The Census Bureau serves as the leading source of quality data about the nation’s people and economy. We honor privacy, protect confidentiality, share our expertise globally, and conduct our work openly. We are guided on this mission by our strong and capable workforce, our readiness to innovate, and our abiding commitment to our customers.

Secrets of Calling Tech Support

August 3, 2012

Ok, show of hands, how many of you like calling one of those 1-800 tech support numbers? That’s what I thought.

Well, I have some secrets that will get you farther faster with those guys:

1. Make sure you are calling the right number. Sometimes a company will want to force you to use email or some online form to turn in a problem. Finding numbers can be tough, though. Make sure you bookmark the website, gethuman.com. It gives you tricks to talking to a person and avoid the automated voice menu systems of large companies, not to mention the actual phone numbers of their support group.

2. If you start to get frustrated with a tech, ask this one question: “What would you do if you were me?” You will be amazed how much faster you find a solution. Trust me… (more…)

Exporting EAR99 Items: Screening Your Transaction, Lists to Check and Red Flags

August 1, 2012

Screening Your Transactions; No License Required (NLR) Rules; Lists to Check Before Exporting; Red Flags; Source: Bureau of Industry and Security (BIS)

The Census Bureau serves as the leading source of quality data about the nation’s people and economy. We honor privacy, protect confidentiality, share our expertise globally, and conduct our work openly. We are guided on this mission by our strong and capable workforce, our readiness to innovate, and our abiding commitment to our customers.

Finding Government Financing for Young Entrepreneurs

July 31, 2012

Ah, youth — the time of a million great ideas that are a million dollars short of ever coming to fruition. Of course, if you believed that, you wouldn’t be an entrepreneur.

In truth, while finding financing for a business run by a young entrepreneur may be difficult, especially considering the current economy, it’s not impossible. In fact, some funding sources are practically designed for the unique needs of young entrepreneurs.

To the collective sigh of young entrepreneurs stateside, the Small Business Administration (SBA) offers several loan programs that don’t penalize you for lacking experience. Most of these programs are administered through banks and underwritten by the SBA, so make sure you ask your bank’s commercial loan officer about SBA-related options. (more…)