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“Every year, the tax burden becomes more costly for America’s 28 million small businesses. The tax code is increasingly complicated and changes often. Most small businesses spend 40 hours or more preparing their taxes, and four out of ten businesses spend two full workweeks on compliance. That is a high cost in lost time and productivity for a small business. One in three small firms spends $10,000 on compliance. Jobs are still scarce, and the combined burdens of complex taxes and high rates are obstacles to growth. The jobs-stifling tax code is not just a Tax Day problem for small companies, but a year-round burden on their budgets that can impact their entrepreneurial decisions. Small businesses overwhelmingly support sensible reforms for lower rates, simpler preparation and clearer guidelines.”
Last week, the Small Business Committee examined these very challenges for small businesses. The growing number of tax provisions means that owners must spend significant resources on compliance that could otherwise be spent growing their companies. According to the Internal Revenue Service’s own National Taxpayer Advocate, there were over 500 changes to the tax code in 2010 alone, an average of more than one per day. And the steep tax rates mean small firms have less capital to invest back into hiring or expanding.
The National Small Business Association released a survey on April 9, 2014, in conjunction with the testimony of NSBA member Tim Reynolds, a small business executive. The growing complexity of the tax process causes 86 percent of small businesses to pay tax preparers.###
In his letter, addressed to the Chief Counsel for Advocacy, Winslow Sargent, Graves outlines the steep rise of occupations subject to state and local licensure laws, which now directly affects about one in three occupations and creates barriers for entrepreneurs. According to a 2007 study, the total cost of licensing regulations to the economy is between $34.8 billion to $41.7 billion per year. Notably, a June 2014 study found that occupational licensing was the number one regulatory burden facing small firms. In an economy in which jobs are still scarce, these requirements can reduce opportunities and create unnecessary obstacles for individuals, especially those of fewer means, who want to start a business and attain economic self-sufficiency.
“At a time of economic uncertainty, when our nation’s job creators, small businesses, are struggling to stay afloat, we are concerned that occupational licensing laws which are not narrowly tailored to the public benefit could have the unintended consequence of stifling entrepreneurship,” Graves states in the letter. “Occupational licensing also may impede innovation and business development as would-be entrepreneurs focus their resources on meeting licensing board requirements rather than on meeting the needs of their businesses or customers.”
The Committee on Small Business has closely monitored this issue and as the letter states, “The Committee on Small Business has held two hearings over the past few months regarding the barriers to entrepreneurship caused by occupational licensing and we believe that this issue merits further examination. At a Subcommittee on Contracting and Workforce of the Committee on Small Business hearing on March 26, 2014, entrepreneurs and academic experts testified on the barriers to entry that such anti-competitive licensing places on entering the market and job creation. At a July 16, 2014, Committee on Small Business hearing the Federal Trade Commission (FTC) testified on its efforts to curb anti-competitive licensing schemes through advocacy and enforcement of federal anti-trust laws to prohibit unfair competition.”
The entire letter to the Office of Advocacy is available HERE.###
Living in Silicon Valley is akin to going 200 miles an hour with your hair on fire. It is an exciting, inspiring and amazing place to live and work, but it is also incredibly competitive and intense. In every industry you are going head to head with the best of the best in the world doing whatever it takes to get the edge and win. As a result it can also be an incredibly stressful place if you don’t know how to manage it. So, the question is, how do you manage it and stay calm because your ability to manager your emotions and remain calm under pressure has a direct link to your performance. I was reading a great article a few weeks back titled How Successful People Stay Calm. After checking it out I knew it was mojo material so today I’m sharing it with you. Here are the ten best strategies to stay calm:
I don’t know about you but I know I have some work to do.
Be fired up, but stay calm and CRUSH IT!!!!!
WASHINGTON, DC – Senator John D. (Jay) Rockefeller, IV, Chairman of the Senate Committee on Commerce, Science, and Transportation, today announced that he is seeking information from the top ten revenue generating U.S. passenger airlines about how they disclose certain additional fees to consumers when they are making ticket purchases. Rockefeller’s inquiry also asks the airlines to provide information about internal policies aimed at protecting consumer information gathered during the ticket purchase process.
In recent years, airlines have increasingly been ...
The other day, I heard the list below, read to me by one of my teachers. I don’t know if I was in “that” space to where it hit me hard, or it’s just a beautiful piece. Regardless, I feel compelled to share! I don’t know who wrote it, how this was researched, or even when this was researched; however I hope you enjoy it as much as I did.
Top 10 things people claim to have taken for granted when they were alive:
10) How important they were to SO many
9) How easy life was when they stopped struggling and fighting
8) That all their prayers and thoughts were heard
7) That there really were no coincidences
6) How far ripples of their kindness actually spread (* my personal favorite!)
5) What really was important…happiness, friends and love
4) That any and all of their dreams could have come true had they wanted it badly enough
3) How good looking and fun they always were if they would have just relaxes
2) How much guidance they received whenever they asked for help
1) That “life” is in everything, everywhere, especially themselves.
Enjoy! Who are you important to? What dreams do you have? Where has your kindness spread? Do you ask for help? Where do you see life?
Saving water has been a big concern here in California, as well as other parts of the country, this year. While some people have been holding off on watering anything in their yard to conserve water, others are letting their sprinkles go for hours. Both are hard to watch in this time of water uncertainty so to help with that, today we’re adding one more app to your suite of smart home controls; one specifically designed to monitor your irrigation system.
Greenbox is a sprinkler control system that uses your smart phone to program and optimize your watering schedule.
Setting it up is easy. Just install the Greenbox controller right next to your current analog one. Through this controller, you can control up to 8 zones of your yard. Download the app and your irrigation system is at your fingertips. Label each zone and even take a picture of the area so you know exactly where that zone is.
Use your phone to set up your watering schedule and adjust timing as you wish for each zone. The app will optimize your watering programs using a proprietary irrigation algorithm so your grass and plants get exactly the amount of water they need.
Using location-based weather data, Greenbox will send you notifications about upcoming changes in the weather so you can update your watering schedule if needed. You can even set up the app to automatically turn off if there’s any sign of rain. That means no more wasted watering in the middle of a rainstorm!
Be the first in your neighborhood with a smart sprinkler system by ordering your Greenbox today. The devices are $249.00 each and will ship this fall.
A colleague of mine, Melanie Terry, owner of iDesign Spaces and a good friend of Intero’s, just finished reading one of my favorite books, The 5 Agreements by Don Miguel Ruiz. Talking to her about it reminded me of the clarity I, myself, found after reading it. The book is a powerful code of conduct that can lead to greater happiness and sense of purpose and possibilities.
Remember the agreements?
Human interaction is often complicated yet The Five Agreements reduce it to very simple terms. The agreements remind us of who we are, how to behave, how to accept ourselves, and what is possible. By stressing respect of everything around us, they become a roadmap to joy, personal satisfaction and fulfillment.
As Don Miguel writes, “By practicing the Five Agreements, what you are really doing is respecting everything in creation. You are respecting your dream; you are respecting everybody else’s dream. [Through The Five Agreements] your effort is really for everyone, because your joy, your happiness, your peace, and your heaven are contagious. When you are happy, the people around you are happy too, and it inspires them to change their own world.”
Perspectives aligned on the road to happiness …