Small Business News You Can Use (3/22)

Real Recovery: America’s Debt is on the Decline

What caused the Great Recession? The simplest explanation is too much debt. Too many first-time homebuyers bought houses they could not afford; too many homeowners used their bubble-inflated home equity like a piggybank; too many consumers maxed out on their credit cards. More...


Home sales dipped last month, but prices held firm

The pace of home sales dipped a bit last month but the housing market is heading into spring in better shape that it was last year.

Sales of existing-home sales slipped 0.9 percent in February to a seasonally adjusted annual rate of 4.6 million, according to the National Association of Realtors. That pace is 8.8 percent higher than a year ago. More...


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Traps for Small Businesses

A pair of changes for 2011 could mean big headaches for taxpayers who report business or partnership income on their individual tax returns.

Both changes involve so-called 1099 forms, which are reports submitted to the Internal Revenue Service so it can cross-check information from different taxpayers. More...


House GOP: Small business tax cut compatible with tax reform push

House Republicans said Wednesday that their new small business tax cut will not weigh down their push for tax reform.

GOP lawmakers typically prefer permanent tax changes, and the House Republicans’ new budget, released Tuesday, calls for a broad overhaul of the entire tax code.

But while the proposed 20 percent tax cut for businesses with fewer than 500 employees would be in effect for one year, top Republicans said it would still be able to give the economy a jumpstart. More...


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