Today marked the first meeting of the SEC’s Advisory Committee on Small and Emerging Companies. The Committee’s is chartered to provide the Commission with advice on its rules, regulations, and policies, with regard to: capital raising by emerging privately held small businesses (“emerging companies”) and publicly traded companies with less than $250 million in public… Continue Reading
Category Archives: News
IRS Announces Voluntary Worker Classification Settlement Program
On Wednesday the IRS announced a new program for small businesses to voluntarily reclassify workers to comply with Federal law regarding the classification of workers as employees or independent contractors. This program is based off the IRS’s Classification Settlement Program for businesses already under audit. You can read the IRS announcement here. The program is… Continue Reading
SEC Announces Formation of Advisory Committee on Small and Emerging Companies
The SEC announced the new committee whose purpose is set out in the excerpt below: The committee is intended to provide a formal mechanism through which the Commission can receive advice and recommendations specifically related to privately held small businesses and publicly traded companies with less than $250 million in public market capitalization. “Our capital… Continue Reading
Proposed Changes to New Markets Tax Credit Program to Foster Greater Investment in Operating Businesses
The U.S. Treasury Department and the Internal Revenue Service today announced proposed changes to the new markets tax credit (NMTC) program to encourage more investment in non-real estate businesses located in low-income communities. Treasury and IRS are also seeking public comments on other potential changes that would promote greater investment in non-real estate operating businesses…. Continue Reading
HB 274, The New Texas Loser Pays Legislation Officially Signed Into Law
Governor Perry signed House Bill 274 into law this morning. The “Loser Pays” legislation is designed to streamline the litigation process and reduce frivolous law suits filed against businesses across the State. I’ll provide a more detailed analysis of the various amendments included in the legislation over the coming days. In the mean time, you… Continue Reading
TCEQ Approves Fines Totaling $1,202,388
The Texas Commission on Environmental Quality today approved penalties totaling $1,202,388 against 99 regulated entities for violations of state environmental regulations. Agreed orders were issued for the following enforcement categories: two agricultural, 20 air quality, two Edwards Aquifer, three industrial hazardous waste, one industrial waste discharge, six licensed irrigator, four multi-media, five municipal solid waste,… Continue Reading
The Leno Deal…Be Careful What You Wish For!
What a web we weave….even when we don’t try to deceive! What a mess NBC has created for themselves. Now let me start by stating that I am not privy to the actual contracts between NBC and their affiliates, Jay Leno, Conan O’Brien, or Jimmy Fallon. But there is a lot of speculation about the… Continue Reading
Wage and Hour Lawsuites Are On The Rise
Rush Nigut, author of Rush On Business, recently posted Wage and Hour Lawsuits: Your Business Could Be Next. Rush points out that big businesses are not the only ones at risk for these types of law suits. I would agree that wage and hour issues are even more prevalent in small businesses because they tend… Continue Reading