The U.S. Senate passed the Internet Tax bill yesterday in a bipartisan vote of 69 to 27. It faces an uncertain future in the House. President Obama has said that he supports it.
Russell Fox offers some tax preparation tips to small business owners. He owns Clayton Financial & Tax in Las Vegas and is the author of a newly published book, Tax Strategies for the Small Business Owner.
Entrepreneur Professor Scott Shane of Case Western Reserve University makes a powerful argument that the SEC should act lightly and quickly on the new crowdfunding provision for small businesses — e.g. the local sandwich restaurant, budget hotel or auto repair shop that needs additional funds to start up or expand.