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Our nation’s smallest businesses—those with 1-49 employees—continue to outpace large businesses in the race to put America back to work. Businesses with fewer than 50 employees created more than half of all new jobs last month, and, from April to May, they boosted the actual number of jobs they generated by 16 percent, according to data released Thursday by Automatic Data Processing, Inc (ADP). Small businesses overall accounted for more than 93 percent of all new jobs last month, while large businesses created just 6.8 percent of new jobs.
As 2012 progresses, the political heat in Washington is climbing faster than summertime temperatures, and small business is becoming increasingly central to policy debates in Congress. Entrepreneurs make up a core constituency in the United States. With National Small Business Week having recently ended, now is a better time than ever for legislators to reflect on these individuals’ needs and work to address them — one of which is tax relief. Luckily, Congress will have a chance to do just that when the Small Business Jobs and Tax Relief Act of 2012 comes up for a vote in June.
May 20-26 marks National Small Business Week, and over the next several days, Small Business Majority is joining a host of small business advocates and government agencies for events, conference calls and online seminars to honor our leading job creators—small business owners.
Colorado small business owners strongly believe the preservation of the state’s natural assets is essential to their financial success and that of local economies, and they support the president’s ‘all-of-the-above’ strategy to develop new energy resources, particularly if it includes provisions to protect public lands, according to opinion polling we released this week and reflected in an ad airing in the Denver metro area.
Since the enactment of federal health care reform, hundreds of thousands of small business owners across the country have been able to claim a tax credit for offering their employees health benefits — and millions more are eligible, according to a report released today by advocacy group Small Business Majority and consumer group Families USA. For tax year 2011, seven in 10 small businesses with 25 or fewer employees are eligible for the credit.
More than 2.4 million California workers are employed by the more than 375,000 small businesses in the state eligible for $1.8 billion in tax credits in the federal healthcare reform, according to a new report released today. The tax credit helps small businesses pay for health coverage for their employees. A major obstacle to coverage, the report notes, is that many small business owners are unaware of these tax credits because of the noisy—and often misleading—debate over healthcare reform.
More than 19 million U.S. workers are employed by the 3.2 million small businesses eligible for $15 billion in tax credits in the federal healthcare reform, according to a new report released today. The tax credit helps small businesses pay for health coverage for their employees. A major obstacle to coverage, the report notes, is that many small business owners are unaware of these tax credits because of the noisy—and often misleading—debate over healthcare reform.
ADP released data Wednesday revealing our nation’s smallest businesses—those with 1-49 employees—continue to outperform large businesses in the job creation arena. Businesses with fewer than 50 employees created roughly half of all new jobs in April, while small businesses overall accounted for a sweeping 96.7 percent of all new jobs last month. Conversely, large businesses created a mere 3.3 percent of new jobs.
If you’re a hardworking small business owner who provides health benefits to your employees, there’s a chance your insurance carrier owes you money. And if it does, you can start looking for a check in the mail. Thanks to the Affordable Care Act, insurance companies are being held accountable to their customers in a brand new way — which means they’re expected to owe businesses and individuals a whopping $1.3 billion this year, according to a new report from the Kaiser Family Foundation.
Across the United States, Main Street small businesses are working to rebuild our economy. These entrepreneurs are doing all they can to hire, grow and move their businesses forward. And they’re doing it largely through innovation — particularly in the clean energy arena.
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