June-July 2008
 
Small Businesses Score Large Victory with Health Insurance Legislation
Andyspeaks

BCA members and small business owners Craig Bacheler, left, and Andy Martin, at lectern, joined State Rep. Jay Love and Gov. Bob Riley for bill signing.

Small businesses across Alabama will be able to deduct 150% of the cost of employee health insurance from next year’s state income taxes, thanks to the passage of a significant piece of legislation.
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Small Businesses Benefit from 2008 Economic Stimulus Act Depreciation Provisions
Businesses that have bought assets – or are planning to do so – in 2008 can benefit from the same legislation that is delivering payments to individuals this year. 
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IRS Launches Campaign to Help New Small Businesses
The Internal Revenue Service has launched a year-long campaign to help educate new self-employed small business owners about federal tax responsibilities and about filing Schedule C, Profit or Loss from Business – http://www.irs.gov/pub/irs-pdf/f1040sc.pdf
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Small Firms Hit Hardest By Rising Energy Costs
Small firms are hardest hit by rising energy costs, according to a study released in April by the Office of Advocacy of the U.S. Small Business Administration.
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Small Firm Lending Pace Accelerated in 2007
The number of small business loans outstanding under $1 million increased by 15 percent between June 2006 and June 2007, according to a report released in June by the Office of Advocacy of the U.S. Small Business Administration.
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Upcoming Events


BCA Governmental Affairs Conference, June 27-29, 2008, Grand Hotel, Pt. Clear, AL

BCA Chairman's Dinner, Nov. 10, 2008, Birmingham Sheraton.

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