Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
South Dakota tax code best for entrepreneurs:The Small Business and Entrepreneurship Council’s Business Tax Index 2012 ranks South Dakota the best place for those aiming to start a business. The annual index grades states on 18 different tax measures, with Texas, Nevada, Wyoming and Washington rounding out the top five.
House approves small business tax cut bill: On a mostly party-line vote, House Republicans Thursday passed a $46 billion measure that would allow small businesses to deduct up to 20 percent of their profits this year. But the bill has virtually no chance of survival in the Senate, let alone ever garnering the president’s signature.
Unemployment claims suggest slow hiring: The Labor Department said Thursday that weekly applications dipped last week by 2,000 to a seasonally adjusted 386,000. But that was only after the department revised up the previous week’s data to show 8,000 more people applied for benefits than first estimated.
SBA offers computer security courses: The Small Business Administration, Commerce Department’s National Institute of Standards and Technology and the Federal Bureau of Investigation’s InfraGard will conduct a series of workshops on information security threats and solutions designed for small businesses, starting Tuesday in Tulsa, Ok.
Keep an eye ‘on’:
Facebook reportedly eying May 17 IPO: Facebook is expected to begin trading on May 17, according to a TechCrunch report citing “multiple sources close to the company.” The story also suggests the social network will have a value of around $100 billion, and wants to raise $10 billion at a $100 billion valuation.
CEO compensation keeps rising: Despite the current economic mess, one class of worker appears to be getting along quite well. Chief executive compensation levels among S&P 500 firms grew 22.8 percent on average in 2010 and then grew 13.9 percent in 2011, a total nominal increase of 40 percent, according to a new report.
Helpful advice ‘on’:
How copying the competition can kill two brands (OSB)
How your small business can use Evernote (PC World)
How to deduct your employees’ expenses (Fox Business)
How to get better responses to your tweets (Entrepreneur)
How mentors, experts can derail your firm (Open Forum)