The Week in Small Business – 01.08.11

by Kevin Casey on January 8, 2011
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We do the legwork of finding the best in small business news and links. You have more time to do what you love.

Unemployment Surprises with Significant Drop

The national unemployment rate checked in Friday morning with some good news (finally), falling to 9.4 percent in December, according to the Labor Department. The Washington Post notes that the most recent figure represents the lowest unemployment rate in 19 months and the sharpest month-to-month drop-off since 1998. Earlier this week, the Intuit Small Business Employment Index showed that small businesses added 57,000 workers to their payrolls in December.

Déjà Vu All Over Again?

The new year brought with it a new session of Congress — and a familiar topic: The 1099 rule. Congressman Dan Lungren (R-CA) this week became the latest legislator to attempt to repeal the regulation, which is set to take effect in 2012 and would require businesses to report most payments exceeding $600 to the IRS. Previous attempts to get rid of the rule have fallen short.

More Small Businesses Offering Health Insurance

A Forbes blog says that several major health insurance companies are reporting significant increases in small company customers, an uptick some attribute to last year’s health care reform and the tax credit it created for certain businesses.

Top Tax Trends for Small Biz in 2011

With 2010 fading in the rearview mirror, Small Business Trends lists 10 tax issues to bear in mind for the year ahead.

BBB: Seven Scams that Target Small Businesses

You work hard to eliminate wasteful spending from your business’s budget — but are you taking measures to avoid fraud and its potential damage to your bottom line? The Better Business Bureau identifies seven scams that target small businesses to help you recognize them and avoid becoming a victim.

What Not To Say When You Sell

BNET sales blogger Geoffrey James offers up a mini-dictionary of 270 “biz-blab” words to avoid at all costs in your sales pitch, from A to W. (No offenders begin with Y or Z.) Are you guilty of using any of these? (I am.)

When People Behave Like… People

If you’re in the restaurant business — or have ever worked in one — you need to read this blog from Southfork Kitchen’s owner Bruce Buschel. Owners and managers of all stripes will understand the feeling of going great lengths to keep operations running smoothly, even when the human side of the business starts being a little too, well, human.

Kevin Casey is a business writer for Intuit and is passionate about solving small business problems.

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