Senate Finance staffers recently talked about how a small business jobs bill is in the works, but they don’t yet know when the package would be brought forward.
Expected to exempt certain small business stock from capital gains taxes and expand loans to small businesses, this bill may not happen until after the recess.
According to recent statistics, the United States has lost 8.4 million jobs since the recession began in December 2007, and many believe that this bill would aid small businesses, therefore helping to create more jobs.
Until the bill is reviewed, small businesses are hanging on via careful budgeting, and tactics like accounts receivable factoring, which can tide them over during tough economic times, as long as they have business and outstanding invoices. Many people are holding bills for 60 to 90 days prior to paying them. So this is why invoice factoring comes in handy. Companies can factor their invoices, then buy more supplies, and keep the payroll going so they can survive.
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