Regulatory & Tax

Late last year, the federal Small Business Administration (SBA) began implementing significant regulatory changes. In government jargon, this was the SBA’s Standard Operating Process (SOP) 50 10 7.1 taking effect. The good news is that there were a number of changes that could be very impactful to small business owners and their access to capital.  […]

Source: Small Business Administration Standard Operating Process (SOP) Fnbsmallbusiness.com The revised Small Business Administration (SBA) Standard Operating Process (SOP) 50 10 7.1 took effect in November 2023. There were several changes that could be very impactful to small business owners and their access to capital. This article is the first in a 4-part series on

Understanding business tax deductions is vital for any entrepreneur or business owner. These deductions can significantly reduce your taxable income, leading to substantial savings and improved financial health for your business. However, navigating the complexities of tax laws and identifying which deductions apply to your specific business can be challenging. This article provides an overview of

The term “Citizenship by Investment” often refers to the process of obtaining a second citizenship in exchange for a financial contribution to the country where the applicant obtains the citizenship. This investment can be used within the country’s economy and infrastructure. However, there’s a slight difference between obtaining citizenship and a passport from a second

Source: FNB blog Admittedly, SBA program names are a bit esoteric and hard to remember for everyone who doesn’t work day to day around these government-backed loan processes. Still, the SBA lending program is a widely utilized way to get financing in a reasonable period of time with competitive terms and some important benefits. One

Starting a business in North Carolina is not difficult in terms of required administration and compliance with state regulatory requirements. NC prides itself on being as business friendly as possible and light administrative burdens for startups is a good example of this public policy. You only need to file some forms with the North Carolina

Source: BizActions Is your small business struggling to make ends meet? Some relief may be on the way for distressed business owners. The Small Business Reorganization Act of 2019 will make it faster and less expensive to benefit from a Chapter 11 bankruptcy. The legislation was signed into law in August, and it goes into

Source: US Department of Labor, BizActions The U.S. Department of Labor (DOL) has issued the long-anticipated final version of its overtime eligibility rules. The changes will take effect on January 1, 2020. As a result, the DOL estimates that 1.3 million workers will be newly eligible for overtime pay. Are any of them on your

Source: BizActions, Thomson Reuters Background on Business Taxes and Owner Liability The federal income tax treatment of a domestic business operation — one that’s domiciled in the United States — depends on how it’s set up. A business’s “choice of entity” has broad implications, including: Whether there’s an entity-level federal income tax, How much flexibility

Source: BizActions Whether you’re thinking about starting your own business or investing in a start-up, Amerinote Xchange can help you with starting a business or if you are selling one and planning to gain more profit. there’s an exciting tax break that could sweeten the deal: Gains from selling qualified small business stock (QSBS) that