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Showing posts with the label budgets

Summary of Budget Bill Corporation Tax Changes Enacted in 2013

This memorandum contains a summary of the corporation tax changes that are part of the 2013-2014 New York State budget. The changes contained in the memorandum are effective for tax years 2013 and after. This includes New York State Business Incubator and Innovation Hot Spot Support Act (Articles 9-A and 22), Chapter 59 of the Laws of 2013 (Part C) created the New York State Business Incubator and Innovation Hot Spot Support Act (the Act) to support companies in New York State that are in the early stages of development. The Act provides for operating grants and other assistance to New York State incubators and New York State innovation hot spots for the purpose of developing successful businesses in the state by providing technical assistance, direct mentorship, entrepreneurial education, and business development service s. In addition, new section 38 has been added to the Tax Law to provide for New York State innovation hot spot program tax benefits. View the entire document .

SBA shifting funding away from small business training programs, draws fire from Congress

The U.S. Small Business Administration plans to shift some funding away from basic counseling programs for new and small businesses to help finance advanced training for slightly larger companies, part of the agency’s efforts to nurture the economic recovery even as the government reins in spending... “The existing programs, such as the Small Business Development Centers and SCORE, provide absolutely fantastic services, but they’re different,” Mills recently told the House Small Business Committee, referring to the agency’s network of Small Business Development Centers (SBDCs) and the Service Corps of Retired Executives (SCORE) program, both of which provide inexpensive and often free business services. “We want to make sure we reach more entrepreneurs in more places who don’t have access to an intensive entrepreneurship experience.” At a time when federal spending is being held in check, the SBA proposes to finance the new training course by pulling back on funding for some existi

Small Business Budgeting for 2013

From SBA : Now that we're in the fourth quarter of the year, it's time to get ready for 2013. There is much to do from a financial, legal and tax perspective. In this article are guidelines for mapping out your company’s financial plans for 2013. In upcoming articles, you’ll see what legal steps you should take and last-minute tax planning moves you should make before the end of the year.