Small Business


SMALL BUSINESS
Maine Gov. John Baldacci has signed into law small business regulatory flexibility provisions. The law directs regulating agencies to consider the economic impact of proposed regulations on small businesses in the state and to describe less burdensome alternatives that accomplish the agency’s goal. The law also requires agencies to make this information available for public review before the public hearing on a regulation. If the economic analysis is not conducted, the rule may not go into effect. According to the U.S. Small Business Administration’s Office of Advocacy statistics for 2005, 97.5% of Maine businesses were small businesses that employed 61.2% of the state’s private work force. More information is available at the Office of Advocacy Web site at www.sba.gov/advo.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.