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Small Business Bulletin 10/3/06

The following issues are addressed in this edition of our newsletter:   New Job Tax Credits Available for Small Businesses: All businesses in 22 counties qualify 32.9% Increase in Workers Comp Rejected By Dept. of Insurance: Judge still to rule on matter Workers Comp Advisory Board Appointed: Small businesses have good representation   Small businesses are, for the […]

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Small Business Bulletin 10/3/06

The following issues are addressed in this edition of our newsletter:   Small Business Chamber Intervenes To Fight Workers’ Comp Premium Increase: NCCI asks for average 32.9% hike Workers’ Comp Advisory Committee Yet To Be Formed: Dept. of Insurance delay good news for NCCI SCE&G Agrees to Natural Gas Settlement: Business & residential customers to save millions

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Legislative Update: 2005 Legislative Session a Success

With just minutes to spare, the South Carolina General Assembly passed Speaker David Wilkins’ Jobs Creation Act before the end of the 2005 legislative session on Thursday. This legislation, which provides for job tax credits for small businesses, along with the state income tax reduction for small businesses passed earlier by the legislature, were two

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Legislative Update: Small Businesses to Receive Tax Cut

Thank you for your help!!!  Small businesses have a good reason to celebrate. Today the S.C. House concurred with a Senate version of a tax-cut bill that will reduce the state income tax over four years on small businesses from 7% to 5 %, the same rate C-corporations now pay.   “Small businesses now will

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Report on NCCI Filing for 32.9% Increase in Worker Comp

The following is an 8-page analysis of the recent NCCI filing calling for a 32.9% average increase in Workers Compensation Loss Cost levels for South Carolina. The author of the report is Frank Knapp, Jr., president of The SC Small Business Chamber of Commerce. Mr. Knapp also holds a Masters Degree in experimental social psychology

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Check Cashing

The Small Business Chamber supports amending the state’s stringent check cashing laws to exempt small businesses such as convenience stores and groceries that aren’t primarily in the business of cashing payroll checks but do so for the convenience of their customers. The current regulatory requirements on such small businesses are too severe and do not

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Medical Equipment Sales Tax Exemption

The Small Business Chamber supports tax fairness for small businesses. Small businesses that sell durable medical equipment reimbursed through Medicare and Medicaid are prohibited by federal and state law from adding sales tax to the purchase yet must pay the sales tax to the state. This simply is unfair. The Small Business Chamber supports phasing

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Small Business Bulletin (Healthcare, Entrepreneurship, Worker Comp) 10/3/06

The following issues are addressed in this edition of our newsletter:   Health Care: Forums Held to Promote Solutions to Affordable Health Insurance/Care Contract Lobbyist Added to Pursue Legislative Agenda Georgia Seeks Small Business Chamber Input   Entrepreneurship: Effort to Build Entrepreneur Friendly Communities Launched Small Business Chamber Joins FastTracSC Coalition   Workers Compensation: Judge

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