What are some accounting mistakes you might be performing in your business? As a small business owner, these can greatly effect the company's financial performance. This article provides the most common accounting pitfalls and the potential impacts on a business. Click here to know how to avoid these.
Frequently, small business owners struggle to create their business' financial statements and prepare reports for the tax season. This site is a great accounting resource for guidance and organization of those important documents and when to schedule them. It can help with specific tasks you may need to perform in order to stay compliant. Some of these include recordkeeping [...]
The U.S. Small Business Administration (SBA) provides numerous opportunities for small businesses to have access to government contracts. One of these opportunities is the Historically Underutilized Business Zone (HUBZone) Program. This program encourages economy development in underused areas. This site introduces the benefits, eligibility requirements, certifications, applications, and training videos to become more familiar with [...]
The National Women's Business Council (NWBC) is an advisory council to the President, Congress and the Small Business Administration (SBA) on women business owner's economic issues. One of the platforms it offers is called "Grow Her Business: A Resource for Start-up to Scale-up" and contains a search engine repository of almost 200 growth-oriented programs. For more information on [...]
The Small Business Administration will begin accepting applications on October 1, 2016 for the new “All Small Mentor-Protégé Program”. The program will be modeled after the 8(a) program and be all-inclusive to include the other socio-economic categories such as SDVOB, WOSB, and HUBZone. Eligibility requirements and how to apply can be found HERE. EnRep will [...]
The General Services Administration issued a Final Rule on June 23, 2016 entitled “General Services Administration Acquisition Regulation (GSAR); Transactional Data Reporting”. This new Rule will require vendors to report specific detailed information on goods and services purchased by the Government, such as descriptions, part numbers, quantities, and prices paid for the items. This applies to [...]
As of April 25, 2016, the WOSB repository has been moved to a new SBA portal. It can be accessed through certify.SBA.gov. With this change, all WOSBs will be required to create a new login and the new site will continue to allow self-certification. For more information on this topic, please click here.
The role of the Procurement Center Representatives (PCR) is to assist small businesses in obtaining Federal contracts. The PCR receives information on acquisitions and procurement strategies before they are announced, allowing the PCRs to influence opportunities that should be set-aside for small businesses. The PCR can also assist small businesses with contracting/payment issues and help guide small businesses through the Federal contracting process. The [...]
On April 22, 2016, a 46 year old movement to help preserve our planet, will be celebrated. This day, otherwise known as Earth Day, symbolizes an awareness of environmental issues. Earthday.org encourages a conscious effort to make this day about conservation, motivation and lifestyle changes. For more information about earthday.org and an interactive map that shows Earth Day events [...]
Ohio representative Steve Chabot has introduced H.R. 4341- Defending America's Small Contractors Act of 2016. This Bill will amend the Small Business Act and clarify the role of small business advocates. It will also improve transparency and clarity for small businesses as well as increase opportunities for competition in subcontracting. For more information on this bill, [...]