• About Us
  • Privacy Policy
  • Cookie Policy
  • Terms and Conditions
  • Contact us
Business Help and Advice
  • Home
  • Business Advice
  • Consultancy
  • Finances
  • HR
  • Marketing
  • Sales
  • Technology
No Result
View All Result
  • Home
  • Business Advice
  • Consultancy
  • Finances
  • HR
  • Marketing
  • Sales
  • Technology
No Result
View All Result
Business Help and Advice
No Result
View All Result
Home Finances

Impacts, Implications & Solutions of the Shutdown on Small Businesses

2 years ago
in Finances
Reading Time: 3 mins read
Impacts, Implications & Solutions of the Shutdown on Small Businesses
458
SHARES
1.8k
VIEWS

As a small business owner, the government shutdown has caused much anxiety with no clear resolution in sight. I had the opportunity to speak with Representative Nydia Velazquez, Chairwoman of the Committee on Small Business, about her vision for small business in 2019 and her thoughts on the government shutdown.

Why Small Businesses Need the Government Shutdown to End

With the government shutdown still ongoing, entrepreneurs are losing out on affordable capital through the Small Business Administration (SBA). It’s imperative that the government shutdown ends so that the SBA can continue its lending and contract-assistance programs for small businesses. The House has passed legislation to reopen the government by providing funding to agencies like the SBA. As a small business owner myself, I encourage President Trump to end the shutdown and allow our small business sector to continue thriving.

Representative Velazquez’s Vision for Small Business in 2019

To strengthen the SBA’s flagship programs that address capital and federal contract opportunities, the Chairman has authored several bipartisan reforms for the new congressional legislative session. Her bill, the Clarity on Small Business Participation in Category Management Act, and the Incentivizing Fairness in Subcontracting Act, which protects small businesses that do business with the federal government.

A big focus of Chairman Velazquez’s vision for small business includes tackling the barriers that prevent entrepreneurs from starting and growing their business. As a result, the federal government should invest in telecommunications and rural broadband access, find solutions to the student debt crisis, expand health care, push back against restrictive immigration policies, and simplify the tax code.

What Upholding a Committee Role Has Taught Chairman Velazquez

Over the years, as the most senior Democrat and first Hispanic woman to Chair a full committee in the House, Chairman Velazquez has learned the value in reaching across the aisle to achieve bipartisan solutions that will benefit small firms across the country. By working together with Republicans and Democrats alike, the Committee has a strong track record of success, and the Chairman looks forward to continuing this work as they tackle the challenges facing small businesses today.

Advice for Starting and Growing Small Businesses

Chairman Velazquez highly recommends utilizing the services provided by the SBA, which works with a variety of local partners in every state and territory to connect entrepreneurs with mentorship, training, and other resources crucial to starting a business. By utilizing these resources, entrepreneurs can navigate the waters of starting and running a small business more efficiently and make connections that will help them grow and scale.

How Free Enterprise Can Work with Doing Good

By encouraging the growth of Main Street businesses, entire communities can benefit as small businesses are known to become a gathering place. Chairwoman Velazquez’s belief is that by strengthening community relations, businesses can become a force to be reckoned with for giving back, whether it’s by organizing charity drives, sponsoring the local baseball team, or donating to local causes. Because of this, it’s essential that small businesses continue to grow and thrive.

Taxation and Capitalism Versus a More Socialist Economy

Meaningful tax reform is essential for Main Street businesses, and tax simplification bills like the Small Business Owners’ Tax Simplification Act introduced by Representative Velazquez and Ranking Member Steve Chabot from Ohio are steps in the right direction. The bill aims to meet the needs of workers in the sharing economy by increasing tax compliance assistance for micro-entrepreneurs.

What Business Owners Can Do for Their Country

Small businesses are the backbone of America’s economy, employing over half of all private sector employees and generating two-thirds of net new jobs. In economically distressed areas, small business owners can help revitalize entire communities, making it a win-win for local areas and the national economy. By continuing to support small businesses, we can all pave the way for a more prosperous future.

Conclusion

Representative Nydia Velazquez’s perspective, as the Chairwoman of the Committee on Small Business, provides valuable insight on how the government shutdown affects small business owners. Her vision and leadership show that there is hope for small business growth, even in the midst of economic uncertainty. By utilizing the services provided by the SBA, advocating for tax reform and simplification, and investing in rural broadband access and community relations, we can ensure that small businesses continue to thrive. Above all else, ending the government shutdown and allowing the SBA to continue with its lending and contract-assistance programs is critical to ensuring that small businesses have access to the resources they need to succeed.

Tags: accounting for small businessaccounting services for small businessaccounting softwaresbest accounting software for small businessbest accounting softwaresbest small business accounting softwarebusiness accountantbusiness accountingbusiness accounting softwareBusiness taxbusiness tax returnfile business taxes onlineImpactsImplicationssage for accountantsShutdownSmall businesssmall business accountingsmall business accounting servicesSolutionstax companies near me
Share183Tweet115Share32Pin41
Previous Post

Empower Customers to Schedule and Modify Appointments Online with Microsoft Bookings

Next Post

Refining Hiring and Recruitment Techniques for Small Businesses

Next Post
Refining Hiring and Recruitment Techniques for Small Businesses

Refining Hiring and Recruitment Techniques for Small Businesses

No Result
View All Result
  • About Us
  • Contact us
  • Cookie Policy
  • Home
  • Privacy Policy
  • Terms and Conditions

© 2023 businesshelpandadvice.com - We are the premier website for business engaging content, focused on helping business owners and decision-makers launch, build, and expand their businesses.

No Result
View All Result
  • Home
  • Business Advice
  • Consultancy
  • Finances
  • HR
  • Marketing
  • Sales
  • Technology

© 2023 businesshelpandadvice.com - We are the premier website for business engaging content, focused on helping business owners and decision-makers launch, build, and expand their businesses.


This website uses information gathering tools including cookies, and other similar technology. We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information. Ad and Cookie Policy
Cookie SettingsAccept




Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT