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5 Small Business Mistakes to Avoid in 2014

iStock_000019970550XSmall (1)Believe it or not, it’s creeping up on the end of the year again. Which means it’s time to start lying to ourselves about how few carbs we’re going to eat and how many sit-ups we’re going to do in the coming year. December is also the time when small business owners should be taking stock of how things have gone over the past 12 months, and looking ahead to the future. While pretending to be serious about all kinds of personal resolutions is one of my very favorite traditions, the things we vow to do and do better at in our professional lives are hopefully taken seriously. Below is our list of 5 things we think are likely mistakes for small business owners to make in 2014. Read, avoid, and be ahead of the curve.

Newtek Business Services Signs Alliance Partnership Agreement with Community Transportation Association of America (“CTAA”)

CTAA Provides Exclusive Endorsement of Newtek’s Insurance Products to its Members

 

NEW YORK – October 15, 2013 – Newtek Business Services, Inc. (NASDAQ: NEWT) (www.thesba.com) The Small Business Authority®, today announced it has signed a referral partnership agreement with Community Transportation Association of America (“CTAA”).  CTAA, a national non-profit membership association dedicated to building and improving mobility for all Americans, has selected Newtek Insurance Agency, LLC, to be the exclusively endorsed provider of insurance products to it’s over 10,000 members and affiliates.

Individual Mandate Clarifications For Small Business

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The IRS has finally taken one more step to clarify what will constitute the Individual Mandate provision of the Affordable Care Act. The mandate, which requires all Americans to obtain health insurance, had gone mostly undefined until now. As we approach the 30 day mark to the opening of the “online marketplace” also known as exchanges and the 100 day mark of Obamacare Implementation, American consumers and small businesses now have a clearer picture as to what will be required on January 1, 2014.

1. First, the penalty has been “remarketed” as a shared responsibility payment. This still requires those that do not qualify for an exemption or tax subsidies based on income, to obtain health insurance that meets minimum essential coverage.

Survey: Small Business Owners Believe Economy Is Stuck In Washington Gridlock

The Small Business Authority Finds Washington’s Uncertainty Has Had Greatest Negative Impact on Economy

NEW YORK, April 1, 2013 /PRNewswire/ – Newtek Business Services, NASDAQ: NEWT, The Small Business Authority®, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,800 respondents, one of the key findings from the March survey is 60% of business owners believe uncertainty in Washington has had the greatest negative effect on the economy. Of the remaining, 22% believe income tax increases have had the greatest negative effect on the economy and 18% believe payroll tax increase had the greatest negative effect on the economy.

Business Owners Undecided on How to Handle Healthcare Costs in 2013

Small Business Authority’s Market Sentiment Survey Results

NEW YORK, Feb. 7, 2013 /PRNewswire/ – Newtek Business Services, NASDAQ: NEWT, The Small Business Authority®, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,200 respondents, one of the key findings from the January survey is 65% of business owners have not yet decided upon a course of action to manage their healthcare costs over the next 12 months. Of the remaining, 13% plan to rebid their policy, 8% plan to reduce benefits to employees and 14% plan to ask employees to pay a greater share.

#3 Small Business Issue for 2013 – eCommerce

Small businesses must prepare for what appears to be an extremely difficult economic environment. Tuesday, we discussed all of the new rules and regulations associated with Obamacare. And just yesterday we spoke of the importance of access to capital and small business loans. Today, we broach our third concern for small businesses in 2013 – the need for solid eCommerce Solutions.

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April 2014

If April is for fools, the April edition of Newtek’s Small Business Observer is for the antithesis. In this issue, we shower you with relevant information concerning how to best reach Millenials, how to stop procrastination in its tracks. In addition, we even share a few quick steps to a comprehensive HIPAA risk analysis for our medical industry clients. And don’t look now, we are currently offering an industry-first “meet or beat” offer for your credit-card processing.

Majority of Business Owners Want the PPAHCA Modified or Repealed

June 2012 SB Authority’s Market Sentiment Survey Results

NEW YORK, July 2, 2012 /PRNewswire/ – Newtek Business Services, NASDAQ: NEWT, The Small Business Authority, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 600 respondents, one of the key findings from the June survey is 39% of business owners did not want the Patient Protection Affordable Healthcare Act (PPAHCA) to be ruled constitutional at all and 37% of business owners did not want the Act to be ruled constitutional in part. Only 25% of business owners surveyed wanted the PPAHCA to be enacted. After the Supreme Court ruled that Congress had the right to legislate the PPAHCA, 35% of business owners now want the Act to be repealed and 38% want the Act to be modified.

Over 90% of Business Owners Do Not Intend on Purchasing Health Insurance from the Government

November 2011 SB Authority’s Market Sentiment Survey Results

NEW YORK – November 29, 2011 – Newtek Business Services, NASDAQ: NEWT, The Small Business Authority, with a portfolio of over 100,000 business accounts, announced today the findings of its SB Authority Market Sentiment Survey, a monthly window into the concerns of independent business owners. Based on a poll of over 1,000 respondents, one of the key findings from the November survey is 88 percent of business owners do not think it is right for the Federal Government to force a state resident to buy health insurance.  In addition, only 9 percent believe they will have to purchase health insurance from the government while 53 percent believe the cost of healthcare is going to increase in the next two years.

Newtek Business Services, Inc. CEO and Chairman Barry Sloane Appears as a Featured Guest on Bloomberg Radio’s “The Hays Advantage”

NEW YORK, April 14, 2010 — Newtek Business Services, Inc. (Nasdaq:NEWT), The Small Business Authority, has announced that its CEO and Chairman, Barry Sloane was featured, LIVE in-studio on Bloomberg Radio’s The Hays Advantage hosted by respected economist Kathleen Hays on Monday, April 11 at 2:30pm to discuss the outlook for the small business sector and the impact Obama’s 2012 budget plan will have on small businesses.

Commented Sloane, “I don’t think business owners are wildly optimistic. I still think they’re somewhat concerned about government deficits, tax rates, and Obamacare and healthcare costs … they’re aware of the concern of the government debt, and I think they equate it to that the government will come back and effectively confiscate their wealth by higher taxes.”





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