Policy News – February 2, 2023

U.S. Senators Tim Scott (R-SC) and Ben Cardin (D-MD) recently introduced the Small Business Tax Fairness and Compliance Simplification Act (S. 45) to further small business tax code parity, especially for the beauty service industry. The legislation specifically seeks...

Industry News – February 2, 2023

Federal Watchdog Group Issues Fraud Alert on $5.4 Billion in Small Business Covid Aid   The Pandemic Response Accountability Committee (PRAC) issued a fraud alert claiming that the federal government gave $5.4 billion in Covid relief aid to small businesses with...

Policy News – January 26, 2023

A new federal exemption offers expanded options for a small business owner considering selling their company. In the recently passed $1.7 trillion spending bill enacted before the new year, new language was included creating an exemption for business brokers and...

Industry News – January 26, 2023

New York City Announces $75 Million Opportunity Fund  New York City Mayor Eric Adams announced a new $75 million loan program that will allow small business owners to apply for loans ranging from $2,000 to $250,000 with a fixed interest rate of 4%, regardless of loan...

Policy News – January 19, 2023

The Veteran Small Business Certification (VetCert) Program, funded by the Small Business Administration (SBA) is now open. Veteran-owned businesses, including VOSBs and SDVOSBs can apply for funding. SBA Administrator Isabella Guzman recently granted a one-time,...