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Recent Minority Business News

• Wed, 25 Jan 2012 20:43:26 +0000: Federal Government Help for Manufacturing Companies: How Commerce Contributes - MBDA Syndicated News Feed
  

  

  In last night's State of the Union address, President Obama laid out proposals for how to bring about a new era of American manufacturing, with more good jobs and more products stamped Made in the USA.  A few of the proposals are:

  • Reward companies for bringing jobs back to America.

  • Lower tax rates for companies that manufacture and create jobs in the United States.

  • Get tough on trade enforcement.

  • Create more jobs and make us more competitive by rebuilding America using half of the savings from ending foreign wars.

  These proposals build upon the efforts already underway by the White House.

  At the Department of Commerce, we support manufacturers in a multitude of ways:

  The National Institute of Standards and Technology's Manufacturing Extension Partnership works with small and mid-sized U.S. manufacturers to help them create and retain jobs, increase profits, and save time and money. The nationwide network provides a variety of services, from innovation strategies to process improvements to green manufacturing. MEP also works with partners at the state and federal levels on programs that put manufacturers in position to develop new customers, expand into new markets and create new products.

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• Wed, 25 Jan 2012 15:50:41 +0000: Choosing a Business Structure - MBDA Syndicated News Feed
  

  How your company should be structured is one of the first decisions you will have to make as a business owner? This decision is important, because the type of business you create determines the types of applications you’ll need to submit. You should also research liability implications for personal investments you make into your business, as well as the taxes you will need to pay.

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• Wed, 25 Jan 2012 15:01:00 +0000: Prepare for Tax Season - MBDA Syndicated News Feed
  

  Check out IRS Small Business and Self-Employed Tax Center

  Your Small Business Advantage, Put Their Knowledge to Work for You

  When you’re running a business, you don’t need to be a tax expert, too. But you do need some tax basics. IRS Small Business Advantage gives you the  information you need to stay tax compliant so your business can thrive. 

  Choosing a Tax Professional

  With your new responsibilities, you may decide to hire a professional tax preparer to assist with your taxes. Enrolled agents, tax attorneys, and certified public accountants have training and expertise in federal taxes. When selecting a tax professional, ask a few questions to see if he/she offers what you are looking for:

  Experience: Does the tax professional have experience in working with similar size and type businesses? Is the professional familiar with your particular line of business?

  Services: Does the tax professional offer electronic filing—the safest and most efficient way to file your tax returns?

  Price: What does the tax professional charge for services? If the IRS examines your return, what is the tax professional’s policy on assisting you? Is the tax professional authorized to practice before the IRS?

  Qualifications: New regulations require all paid tax return preparers to register with the IRS and obtain a Preparer Tax Identification Number (PTIN). Ensure that the tax professional you choose has a PTIN.

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• Wed, 25 Jan 2012 13:49:28 +0000: Dee Alexander - MBDA Syndicated News Feed
  

  Senior Advisor on Native American Affairs
  U.S. Department of Commerce

  U.S. Secretary of Commerce John E. Bryson appointed Dee Alexander as his Senior Advisor on Native American Affairs on December 19, 2011. As the Department’s Tribal Consultation Official, Alexander will have principal responsibility for implementing the Department’s Tribal Coordination and Consultation Policy, per President’s Obama’s Executive Order (13175), which ensures meaningful and timely input by tribal officials in the development of policies that have tribal implications.

  Alexander will also work closely with the Minority Business Development Agency and other Commerce bureaus to promote the Secretary’s vision for job creation and economic growth on American Indian and Alaska Native communities. As the Senior Advisor on Native American Affairs, Alexander will be housed in the Secretary’s Office of Legislative and Intergovernmental Affairs.

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