An Overview of the Small Business Jobs Act, by Axiom Solutions LLLP

The highly qualified professionals at Axiom Solutions LLLP work with companies to explain and research the current tax laws and benefits that apply to their particular situations, including the Small Business Jobs Act (SBJA). In the following, Axiom Solutions discusses the act.

The act was ratified on September 27, 2010, by the 44th President of the United States, Barack Obama. About $505 million was allocated in order to back over $12 billion in loans for small businesses. The act focused on supporting small businesses run by women, minorities, veterans, and individuals in remote areas of the United States, comprising 66% of those who received aid.

Benefits of the act include lower fees, larger loans, and fewer restrictions on those who can qualify. Other effects of the act include commercial real estate financing into the 504 loan program for a period of time and funding for nonprofit groups that work to support small businesses. Other benefits include increased borrowing opportunities for businesses that sell products that require titles, such as cars and boats.

The Small Business Jobs Act will repeal the Competitive Demonstration program currently in place, which will increase opportunities for contractors. Moreover, the act attempts to address fraud and other illegal activities as they relate to small business loans. Goals include facilitating the export of goods produced by small businesses and funding grants for counseling relating to the development of small businesses. The act raises the cap on international trade loans, making the Export Express loan program a permanent institution and establishing $12 billion in tax relief.

The Small Things That Make a Difference: Business Tips to Reduce Costs From the Financial Advisors at Axiom Solutions

Businesses and organizations often look to unique and inventive strategies to save money and improve the bottom line. While some cost-cutting maneuvers may prove effective, others may seem unnecessary or of little use. One trick to saving any money, however, is realizing the impact that small changes can make. The tips described below outline a handful of slight, yet significant steps to reducing operational and overall costs.

1. Gain a membership account with any supplier you use often. By doing so, you will likely receive discounts and coupons, as well as savings on bulk purchases.

2. Inspire a “green” company culture that is friendly to recycling. Use the backsides of paper you won’t be using again, or switch to reusable batteries and refillable pens. Also, encourage individuals to print items only when they require it, and consider switching to paperless filing systems.

3. Revisit your vendor relationships each year to make sure you receive the best deal on their services or products. If you have been a longtime customer, bargain to receive discounts or a better rate.

4. Many are surprised to realize that photocopying is rather expensive compared to printing. Cut down on photocopy usage for small quantities of business forms and print them instead.

About the Author
For more than 15 years, Axiom Solutions has helped clients save money and reduce costs by providing expert financial consulting, marketing advice, and tax analysis. The Axiom Solutions team operates out of offices located nationwide, including Denver, Los Angeles, Washington, D.C., Atlanta, and Houston, among other cities.