The Washington Post

Get started: Obama urges extension of tax cuts, new start-up crowdfunds political ads

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Obama turns to taxes: President Obama on Monday urged lawmakers to extend for at least one year the George W. Bush-era tax cuts for middle-class Americans. The move sets up yet another Congressional standoff, as Republicans support extending cuts for all income levels, not just for those making less than $250,000 per year.

Romney outraises Obama: Mitt Romney raised roughly $106 million in June, easily besting the president’s $71 million. That marks the second consecutive month that the Republican challenger has topped Obama in fundraising, placing the two candidates on nearly equal financial footing with four months left in the race.

Start-up crowdfunds political ads: Social Teeth has brought crowdfunding to the political campaign process, allowing users to upload independently produced campaigns to which others can then submit donations. If the advertisement reaches a pre-set funding goal, Social Teeth buys the necessary air time.

Keep an eye ‘on’:

Senate voting on small business tax cuts: Senate Democrats will hold a test vote on Tuesday on a bill that would reward small-business owners who increase their payrolls a 10 percent tax cut. Aimed at the smallest of employers, the bill would limit eligible wages to $5 million per employer and the actual credit to no more than $500,000.

Helpful advice ‘on’:

How to avoid major start-up legal woes (Forbes)

How to score a spot in an accelerator (Upstart)

How to get clients to pay faster (Entrepreneur)

How to get your business ready for vacation (BI)

How to connect through Pinterest (Fast Company)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.

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