Small Business World News Round-up of 2009/07/21

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from around the world.

US Home & Small Business News Roundup

  • For small businesses, CIT has already failed: The small business credit market is about to take another major hit. Six weeks after Advanta abruptly froze all of its 1 million credit-card accounts, lending giant CIT Group hangs in limbo and is reportedly eyeing bankruptcy.
  • Entrepreneurial Edge Collaborating for profits in Nanotechnology: Giant universities and start-up companies are finding they need one another to bring the benefits of nanotechnology to the public.
  • Recovery Act boosts venture capital: Small businesses struggling to secure private equity or venture capital may find it easier to get money because of changes to the American Recovery and Reinvestment Act.
  • Family Businesses Are Reeling in Recession: The recession is taking a disproportionate toll on small, family-owned businesses like H.A. Peterson and Sons in South Miami, which may have to close after 83 years in operation.
  • Recovery Act boosts venture capital: Small businesses struggling to secure private equity or venture capital may find it easier to get money because of changes to the American Recovery and Reinvestment Act.

Canada Home & Small Business News Roundup

  • Retail Sales Tax (RST) And…: An outline of the process of charging, collecting, and remitting retail sales tax (RST) in Ontario, using the example of a small retail business. This provincial sales tax explanation also applies to small businesses in BC, Saskatchewan and Manitoba.
  • Innovation is alive and well: Recession is a time for battening down the hatches, staying
    the course and avoiding unnecessary expenses — right? Not according to Canada’s entrepreneurs, who are in a fighting mood as they await a recovery. In a new survey, 61% of business owners said they are investing in innovation and/or research and development this year, which may surprise business-watchers who think small business owners are innovation laggards.
  • Tax policy for better and Worse: For better or for worse, tax policy, aside from raising revenues for governments, can have a direct effect on societal behavior. Two recent examples, one from Canada and one from the United States, show just how such policies not only affect decisions individuals make, but can also lead to tragic consequences.
  • Small Business Tax Strategies: Here are more small business tax strategies to reduce the amount of income tax you pay if you operate a Canadian business, including tax strategies for maximizing your Capital Cost Allowance claim, home-based business tax deductions, and income splitting.

Australia Home & Small Business News Roundup

India Home & Small Business News Roundup

  • Central Bank of India offers a helping hand: The first is through continued involvement in future Commonwealth-India Small Business Development Programmes, which Mr Sridhar believes are important for small businesses to “exchange experiences and lessons learned from their …
  • Indian Small and Medium Enterprises: Industry facing ‘hostile: According to FISME, the problem in the state emanated from weak dialogue between political leadership and business community, particularly micro, small and medium enterprises. Courtesy: The Pioneer (July 14, 2009). Posted by India SMEs
  • Interest rates to increase after Diwali: Regarding SBI’s plans to foray into non-life insurance business, the bank had received in-principle approval from Insurance Regulatory and Development Authority. “We expect to start the business by early next year.” … April 11th, 2009 MUMBAI – The State Bank of India has slashed interest rates for new small and medium enterprise loans besides announcing several measures to improve credit flows to the segment. India’s bigger lender cut the lending rates for new SME loans …
  • Small-business sector optimistic: VietNamNet Bridge – Business confidence in Viet Nam’s SME sector has climbed since the fourth quarter of 2008, a recent survey found.
  • Dell India to renew focus on small,medium business: CHENNAI – With India housing around 7.6 million small and medium business (SMB) units and offering a good growth opportunity, computer manufacturer Dell India has realigned its focus on the sector, a senior company official said Friday.

UK & Ireland Home & Small Business News Roundup

  • Up to 40,000 small businesses to be hit by new accountancy rules: Hundreds of thousands of UK small businesses will be affected by new accountancy rules for leasing if proposals in a discussion paper by the International Accountancy Standards Board are adopted. According to a joint response by the Forum of Private Business (FPB) and the Finance & Leasing Association (FLA), the impact on small businesses has been ignored.
  • New Leasing Rules May Hit Small Buisnesses:Hundreds of thousands of UK small businesses will be affected by new accountancy rules for leasing if proposals in a discussion paper by the International Accountancy Standards Board are adopted. According to a joint response by the Forum of Private Business (FPB) and the Finance & Leasing Association (FLA), the impact on small businesses has been ignored.
  • Government must tackle rising graduate unemployment, says Federation of Small Businesses: The Federation of Small Businesses (FSB) is urging the Government to create 5,000 new internship placements in small businesses to tackle soaring graduate unemployment under a new Graduate Employment Scheme.
  • Small firms bid for jobless graduates: Federation of Small Businesses call for government to sponsor 5,000 internsSmall Businesses are urging the government to create 5,000 graduate internships at Britain’s small and medium-sized enterprises as the job market for those leaving universities worsens dramatically.
  • New Hope as small firms bounce back: Small firms are bouncing back, with signs that many bosses are planning to expand in coming months despite the recession

WinWeb_Logo &

  • Virtual Assistant Should Have Head In The Cloud: When WinWeb CEO Stefan Töpfer puts a service request for a virtual assistant (VA) to help with a professional Microsoft PowerPoint presentation on Twitter, things start to unravel for one busy VA. She contacted him back over twitter within minutes to offer her service, very professional, fast and to the point. When Stefan asked for some […]
  • WinWeb Aided Over 10,000 ‘WinWeb Security’ Virus Victims: While the ‘winweb security’ virus and malware had nothing to do with winweb.com, we still helped over 10,000 individuals by sending out uninstall instructions and information. Keeping your anti-virus software up-to-date could not be more important. The number of viruses is ever increasing and nobody is safe from attack. Most victims we helped had no […]
  • WinWeb CloudComputing – Is Your Small Home Business In A Recovery Position: As a small home business owner you are just as interested, as big business, to cut your fixed cost and keep things flexible – that way you can deal with the economic downturn better and it will help you to survive the current recession. But is this the only reason why you would try […]
  • As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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