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NSBA Economic Report: Small-Business Outlook Dims

NSBA Economic Report: Small-Business Outlook Dims

NSBA today released its 2015 Mid-Year Economic Report which shows a small-business community with a less positive outlook on the overall economy than just six months ago. Regardless, the majority remain confident in their own business with projections of growth in the coming year.

Funding Restored for SBA 7(a) Loan Program

The SBA 7(a) loan guarantee program is back in business after Congress approved and President Obama signed legislation, H.R. 2499 raising the program’s statutory lending cap to $23.5 billion.

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Ex-Im Stripped from Short-Term Highway Bill

The House Rules Committee narrowly rejected an amendment to attach reauthorization of Ex-Im Bank to the short-term highway funding bill—a measure which appears likely to pass both the House and Senate this week.

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Bill to Provide Regulatory Relief for Businesses

Recently, legislation was introduced by Sens. Rob Portman (R-Ohio), Mark Warner (D-Va.) and Susan Collins (R-Maine) that would require independent agencies to analyze the costs and benefits of new regulations.

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NSBA to Host Teleconference on Overtime rules

On Aug. 13, NSBA will hold a teleconference for members to discuss proposed overtime regulations which could more than double the salary threshold for paying overtime from $23,660 to $50,400.

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National Taxpayer Advocate FY 2016 Objectives

Recently, National Taxpayer Advocate Nina Olson released her Objectives Report to Congress for FY 2016 which focuses on tax-related identity theft and administration of the Affordable Care Act.

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NSBA’s Tom Mathison Testifies: Tax Simplification a Must

NSBA Trustee and Taxation Committee Chair Tom Mathison testified today before the Senate Committee on Small Business and Entrepreneurship on the need for broad, long-term tax reform as well as immediate steps to simplify the system.

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Bicameral Bills Restore HRAs for Small Businesses

Recently, Congress introduced the Small Business Healthcare Relief Act that would expand small-businesses access to Health Reimbursement Arrangements and enable employees to get reimbursed for certain medical expenses.

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Impending 7(a) Program Shutdown

The SBA’s 7(a) loan program is facing a shutdown unless Congress acts before the August recess to increase the 7(a) $18.75 billion limit which it will reach in a matter of weeks.

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DOL Releases Independent Contractor Guidance

On July 15 the Department of Labor’s Wage and Hour Division released guidance addressing how to assess whether a worker is properly classified as an independent contractor.

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