SBE Council has successfully advocated for the reform of outdated securities laws, which have prevented investment capital from reaching worthy entrepreneurs and their enterprises. The Jumpstart our Business Startups Act (JOBS Act) was recently signed into law by President Obama, creating a new regulatory framework for crowdfund investing. Now, we must ensure that regulations governing this new framework work to support, not undermine, the new platforms for raising capital. SBE Council statement on the signing of JOBS Act.  SEC Seeks Public Comment Prior to JOBS Act Rulemaking.   SEC Issues “Frequently Asked Questions About Crowdfunding Intermediaries” on May 11.

If you’re concerned about how high federal government spending and debt have reached in recent years, the latest numbers on the current fiscal year from the CBO offer little hope for positive change.

by Leonard Steinberg, President, Steinberg Enterprises, LLC

What is the definition of a "tax loophole"?  Much has been said and written about these, but no one has provided an example of a specific tax loophole. Leonard Steinberg writes that as an accountant he can "categorically state that there is no such item that is a tax loophole."  Read Steinberg's column to find out why.