RENNSELAER, N.Y. – The American Building Materials Alliance, along with over 400 other organizations, signed-on to a letter, sent today, urging Congressional action to prevent a major rail strike that could start as early as December 9th. “If this strike comes to fruition, it would increase the burden upon an already over extended trucking industry […]
It has been a slow week in Washington in advance of the Thanksgiving holiday. The one critical issue that has kept the lobbying community busy is the threat of a Class 1 rail worker strike which could occur when the cooling off period ends December 9. Numerous letters have been sent to Congressional leadership requesting […]
OSHA maintains injury and illness records at the establishment level. They define an establishment as “a single physical location where business is conducted or where services or industrial operations are performed.” If you have multiple establishments, you can submit data for all of them under one log-in but the data must be establishment specific, not […]
Over the last few years, many states have instituted minimum wage increases. Many of these are done over a number of years until they reach a certain dollar amount, often $15/hour. Make make sure you know about any increases for 2023 so that you can implement them properly. For more information on your state’s minimum […]
Workplace stress can impact not only an employee’s productivity and workplace engagement, but it can be brought home an impact an employees home life. Workers, even pre-COVID, identified “work as being a very significant or somewhat significant source of stress” in their lives. This stress can lead to mental health issues, but workplaces can help […]
In recent months, the federal governments has allocated over $100 billion dollars to rebuild our country’s infrastructure and the Biden administration has announced it’s climate initiative. Both will lead to the creation of thousands of jobs, but mostly in sectors where women are, historically, underrepresented. “The U.S. Department of Labor’s Women’s Bureau continues to expand […]
SBA Announces New Small Business Investment Company Reforms to Public-Private Investment Partnership Program
Administrator Isabella Casillas Guzman, head of the Small Business Administration (SBA), announced the SBA has proposed reforms to the Small Business Investment Company (SBIC) program. The goal is to reduce financial barriers and increase access and diversity in the businesses invested in. Read more.
The IRS wants employers to be warry of third parties who advise them to claim the Employee Retention Credit (ERC) when they might not be eligible. The Agency warned that “Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.” Read more.
The next quarterly deadline to file payroll taxes is Monday, October 31st, and the IRS wants employers to file electronically because “while paper filing is available…e-filing is the most secure, accurate method to file returns and saves taxpayers’ time.” Read more.
The U.S. Small Business Administration (SBA) announced that the agency will host a free, virtual National Cyber Summit on Oct. 26, 2022. This cybersecurity forum, a first for the agency, will help introduce American small businesses to tools, tips, and resources to bolster their cybersecurity infrastructure in addition to exploring new trends and challenges entrepreneurs […]
Understanding how to deal with the impact of inflation as a result of the pandemic and other global factors, and knowing where to look for and navigate available resources to tackle it can sometimes be daunting. Today at 2:00 pm EST, join Small Business Majority and the U.S. Small Business Administration (SBA) for a free […]
The focus in Congress and the Administration this week has been trying to head off a work stoppage by members of unions representing workers employed by the Class 1 railroad companies. This issue has been percolating for several weeks as a “cooling off” period that kicked in mid-August was slated to end today. A Presidential Emergency Board (PEB)—which was put in place to serve as an intermediary and forge a consensus among the two sides—had proposed significant wage increases for rail workers that would be applied retroactively.
The U.S. Small Business Administration (SBA) and Small Business Minority signed a co-sponsorship agreement to partner on a new webinar series, “The Bottom Line”, to introduce our small businesses across America to SBA tools and resources to address timely economic challenges, on the heels of President Biden’s signing of the Inflation Reduction Act.
Join SBA and Public Private Strategies Institute for a webinar on Wednesday, August 31 at 2:00 p.m. ET to learn about access to capital for minority small businesses.
Join the U.S. Small Business Administration for a virtual armchair discussion to celebrate Rural Entrepreneurship! The discussion will focus on the importance of financial wellness, creating generational wealth through business ownership, and increasing equity and access to opportunities to help uplift and support rural-owned small businesses.
The situation on Capitol Hill continues to remain fluid with negotiations on a Build Back Better 2.0 legislative package. As we noted last week, a tentative deal had come together between Sen. Joe Manchin (D-WV), a key Senate vote for proceeding forward with the President’s signature legislative priority, and Senate Majority Leader Chuck Schumer (D-NY). ABMA has waded through the 725 page bill and has identified the following provisions of interest to our sector…
SBA officials and members of the small business community participated in a series of engagements for the SBA’s “Build America, Buy American Month of Action.” From op-eds and interviews in local media outlets to in-person and virtual events, SBA Regional Administrators touted the Biden-Harris Administration’s delivery on its commitments to America’s small businesses, entrepreneurs, and startups and the opportunities created for small manufacturers and contractors through the Bipartisan Infrastructure Law (BIL).
Do you travel for work or have employees that travel for you? Business travelers may be able to offset some travel expenses by claiming business travel deductions when they file their taxes.
Thieves use spear phishing to steal computer system credentials. Spear phishing scams can target specific individuals or specific groups. Spear phishing scams affect all types of businesses and organizations, including small businesses with a client database.
According to the U.S. Small Business Association (SBA), “Administrator Isabella Casillas Guzman, head of the SBA and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced that the Biden-Harris Administration exceeded its small business federal contracting goal, awarding 27.2 percent or $154.2 billion in federal contract dollars to small businesses, an $8 billion increase from the previous fiscal year.”
This week, Senator Joe Manchin (D-WV) announced to Senate Democrat leadership that he could not support inclusion of climate and renewable energy tax credits in the BBB 2.0 package that has been the subject of high level negotiations for weeks. Senator Manchin had previously signed off on these provisions and it was assumed that they would be a centerpiece of any deal that is forged. He indicated that his course correction was due to ongoing concerns about inflation and that additional spending in the bill in this area threatened to exacerbate the situation.
Administrator Isabella Casillas Guzman (SBA, President Biden’s Cabinet) joined Washington Governor Jay Inslee to tour a highway Infrastructure job site, as well as to meet with small businesses and contracting firms, to highlight how federal funding from the Bipartisan Infrastructure Law is helping to accelerate small businesses.
ABMA signed on this week to a letter spearheaded by the S-Corporation Association and the Family Business and Estate Tax Coalition—two groups we work closely with on tax and general business issues—opposing proposed tax increases on pass through entities. As we mentioned last week, one of the revenue raisers or “pay fors” to fund the next Build Back Better (BBB) iteration is a proposal to apply the Net Investment Income Tax (NIIT) to S corporations and partnership income earned by active owners of the business.
Recently, the NFIB held a webinar about how to claim the Employee Retention Tax Credit (ERTC). This credit was passed as part of the CARES Act of 2020 to reward and encourage businesses to keep their employees on payroll during the COVID shutdowns.
This week, the ABMA joined over 190 business groups in writing to congressional leaders to oppose two tax increases under consideration.
The U.S. SBA helps small businesses secure loans by setting guidelines and reducing lender risk. These SBA-backed loans make it easier for small businesses like you to get the money you need to expand your business, repair equipment, and more. Read more here.
If you are looking to hire new talent, make sure you are going about it the right way. You don’t want to end up on the wrong end of a discrimination suit, so make sure you and your hiring staff know what you can and cannot ask and what types of protections there are for […]
“Congress recently answered President Biden’s call for reform in the State of the Union by passing bipartisan legislation to crack down on excessive fees and other unfair practices in the ocean shipping industry…”
On Thursday, Congressmen Glenn Thompson (PA-15) and Derek Kilmer (WA-6) introduced the Creating Opportunities to Thrive and Advance Act. The American Building Materials Alliance (ABMA) was one of the first to sign on as an endorsing organization.
“The misclassification of employees as independent contractors is one of the most serious problems facing affected employees, employers, and the U.S. economy. Misclassified workers are denied basic workplace protections including rights to minimum wage and overtime pay, making it harder for them to support themselves and their families.”
The Departments of Commerce and Labor have partnered to identify what comprises a good job. These eight principles create a framework for workers, businesses, labor unions, advocates, researchers, state and local governments, and federal agencies for a shared vision of job quality.
On Wednesday, June 8, the Senate Committee on Small Business and Entrepreneurship held a hearing titled “The Small Business Workforce Challenge: Causes, Impacts and Solutions.”
The White House and the U.S. Department of Transportation (DOT) announced that Retired General Stephen R. Lyons, former Commander of the U.S. Transportation Command, will be the new Port and Supply Chain Envoy to the Biden-Harris Administration Supply Chain Disruptions Task Force. Retired General Lyons will take over the role from John D. Porcari.
The U.S. Small Business Administration (SBA) and Public Private Strategies Institute (PPSI) will host a webinar as part of their Building a Better America: A Small Business Resource Community (BBA Resource Community) series. The goal of this webinar will be to connect small businesses with critical resources and information about the Biden-Harris Administration’s policy agenda, including how the Bipartisan Infrastructure Law and American Rescue Plan create opportunities for small businesses.
The U.S. Small Business Administration’s T.H.R.I.V.E. Emerging Leaders Reimagined is a 6-month intensive training program that helps CEOs and Executives get unstuck and take their business to the next level. Accelerate your leadership skills, learn an MBA-level curriculum, receive tailored business coaching, and build relationships with a community of business owners, advisors, and experts.
Get “A Closer Look” at some simple disaster preparedness tips that everyone should follow to ensure they protect their critical tax and financial documents.
For National Small Business Week, plan now to take advantage of tax benefits for 2022; enhanced deduction for business meals, home office deduction, and more.
In celebration of National Small Business Week, May 1-7, 2022, the Internal Revenue Service (IRS) is featuring information and resources to help small business owners, employers, and self-employed individuals succeed.
On April 14th, head of the U.S. Small Business Administration (SBA) Isabella Casillas Guzman issued a statement regarding the SBA’s Equity Action Plan. Key elements of this plan include, but are not limited to: access to capital, improve government contracting opportunities, improve access to disaster assistance, and improve access to business counseling, training, and services. […]
On March 15th, the Small Business Association (SBA) in conjunction with the Public Private Strategies Institute (PPSI) announced the launch of a new virtual series called “Building a Better America: A Small Business Resource Community.”
Tax season is upon us! Be sure to check in with IRS.gov for the latest tax information, tools, and resources for businesses and the self-employed.
The Small Business Administration (SBA) is holding its 2022 Women’s Business Summit on March 28-30, 2022. The summit will consist of virtual panels, “Ask an Expert” workshops, and fireside chats to help women-owned small businesses build, scale, and grow.
The U.S. Small Business Administration (SBA) helps businesses to meet their federal, state, and local tax obligations to stay in good legal standing. Your business structure and location will influence which taxes your business has to pay
Earlier this week, the ABMA sent a letter to the Senate outlining our concerns with tax provisions in the Build Back
Better (BBB) legislation recently passed by the House. If enacted, the tax rate for small and medium sized businesses could jump to over 41 percent—a sizable increase for LBM businesses.
The Internal Revenue Service (IRS) offers a useful collection of information and resources for businesses on a variety of tax topics and questions.
The Federal Trade Commission (FTC) can help small businesses avoid scams, protect their computers and networks, keep customers’ data safe, and protect a businesses’ bottom line.
OSHA’s On-Site Consultation Program offers no-cost and confidential occupational safety and health services to small- and medium-sized businesses in all 50 states with priority given to high-hazard worksites.
Some of the statutes and regulations enforced by the U.S. Department of Labor (DOL) require that notices be provided to employees and/or posted in the workplace.
Hiring disabled individuals can help businesses meet their talent needs while strengthening their competitive edge. The SBA offers a variety of resources to h
SBA celebrates women-owned businesses and their lasting impact on the economy.
OSHA provides resources and education to help provide a safe and healthful work environment and comply with occupational safety and health standards.
The DOL State Resources Finder provides a list of websites that businesses may find useful for workforce issues. Resources cover the following topics: employee training, hiring, human resources planning, legal and admin
Cyber-attacks are a growing threat for small businesses and the U.S. economy.
The U.S. Department of Health and Human Services’ Office for Civil Rights issued guidance to help the public understand when the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy Rule applies to disclosures and requests for information about whether a person has received a COVID-19 vaccine.
The Department of Commerce launched their new Job Quality Initiative. The initiative is aimed at helping American employers become more competitive by providin
On Tuesday, the full House voted 220-211 to pass H.R. 5305, a measure that would keep the government funded at current levels until December 3. The current fiscal year runs out September 30. The bill also waives the federal debt cap limit until December 2022 and includes almost $30 billion in disaster aid for states that have suffered from hurricane damage and other natural disasters. As part of this disaster aid, $5 billion is allotted for housing and economic development projects and $2.6 billion for highway repairs.
In response to the Delta Variant, the SBA has updated the COVID EIDL Program.
The IRS has released a variety of resources to help small businesses meet their tax responsibility.
The U.S. Small Business Administration offers a number of relief programs and counseling opportunities for small businesses affected by COVID-19. Read more here.