Where small business can find export help.CPAs with small business clients or companies interested in exporting should advise them to contact the nearest Small Business Administration office. The 107 SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government field offices across the country provide counseling and financial assistance to meet the needs of small business owners entering export markets. International trade specialists, who help guide the owners through the export process, point out various government programs that may assist the new exporter. The SBA can arrange free initial consultations on the legal aspects of exporting through the Federal Bar Association. To help small business owners decide which export markets to pursue, the SBA provides reports on the 25 largest importing markets for a specific product or service, along with the trends and foreign competition in that market. The reports are based on United Nations data and are available for 2,700 standard industrial trade classification product categories. In addition, the SBA's Small Business Answer Desk [(800) 827-5722] and the Department of Commerce's Trade Information Center [(800) 872-8723] will answer specific questions on exporting from small business owners. The SBA also has improved its financial assistance program for small business exporters. The maximum maturity for its export revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. (ERLC ERLC Export Revolving Line of Credit ERLC Ethics and Religious Liberties Commission ERLC European Retail & Leisure Council ) loan program had been set at 18 months, not enough time for many exporters to produce, distribute and receive payment for their goods. Now, however, the maximum maturity is 36 months, which should be sufficient for most export cycles. In an ERLC, the SBA guarantees 85% of the loan up to a maximum of $750,000. Original maturities usually are for one year, with options to extend the loan to 36 months in increments of one year each. Only the SBA can vacate or invalidate the options. The loan proceeds can be used only to finance labor and materials labor and materials (time and materials) n. what some builders or repair people contract to provide and be paid for, rather than a fixed price or a percentage of the costs. needed for manufacturing, to purchase goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. for export or to develop foreign markets. In addition to liquid assets Cash, or property immediately convertible to cash, such as Securities, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable. , collateral for an ERLC includes accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , inventory, bank letters of credit and personal guarantees. The SBA also is a joint sponsor of many promotional events where small business owners can meet potential overseas partners. The sidebar above is a list of events scheduled for the near future. Certified trade fairs carry a special endorsement of the Commerce Department, which works with organizers to enhance promotional efforts for U.S. exhibitors. TABULAR DATA OMITTED Gene R. Barrett is a news editor of the Journal. AN INDEX OF SMALL BUSINESS ARTICLES Features and department articles from the Journal of Accountancy, August 1991 to July 1992 (The) ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. : How It Affects Businesses and Their Employees. John Lewison. May, p. 73. Age-Based Pension Plans Approved, Delighting Small Business Owners. Bill Cavooris. January, p.99. All in the Family. Nicholas J. Fiore. September, p. 14. Assessing Environmental Risk. George R. Zuber and Charles G. Berry. March, p. 43. Bankruptcy: When Is It Good News? Jerome Frett. November, p. 135. Breaking Up Is Hard to Do. Nicholas J. Fiore. December, p. 18. Compliance: No Exception for Government Contractors. Frank G. Peiffer. June, p. 94. CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Consulting Services: A New Standard. Monroe S. Kuttner. November, p. 38. EITF EITF Emerging Issues Task Force EITF Edinburgh International Television Festival EITF Europe International Taekwon-Do Federation Consensuses and the GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). Hierarchy. Linda A. Volkert. May, p. 103. Estate Freeze Transfers of a Family Business or Farm. William T. Diss. November, p. 83. Finding the Right International Panner for Small Businesses. Gene R. Barrett. January, p. 58. (The) Fundamentals of Sales and Use Taxes. Bruce M. Nelson. December, p. 60. Getting the Picture on Document Image Management. Ali R. Kakhsaz. December, p. 74. (The) Goods. August, p. 129; September, p. 143; October, p. 147; November, p. 145; December, p. 109; March, p. 95; June, p. 127. GRITs, GRANTs and GRUNTs. Stephan R. Leimberg, Eric T. Johnson and Robert J. Doyle, Jr. March, p. 91. (A) Guide to Updating Telecommunications. Stanley Zarowin. December, p. 68. Hassle-Free Office Moving. Edward R. Katz. June, p. 113. Helping Clients Survive Hard Times. Michael W. Harnish and Fred J. Bauters. August, p. 81. How a Workout Specialist Operates. A. David Silver. January, p.83. How Business Is Dealing with FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). 106. Stanley Zarowin. March, p. 67. How Local Firms Can Succeed in the 1990s. Anita Dennis. November, p. 47. How to Cut High Cost of Workers' Compensation. William Leinheiser. March, p. 57. How to Find and Keep the Best Employees in the 21st Century. Stanley Zarowin. December, p. 34. How to Lose Clients Without Really Trying. August J. Aquila and Allan D. Koltin. May, p. 67. How to Protect Computers from Power Failures. Brian P. Gustarson. November, p. 141. How to Safeguard Proprietary Data from Competitors. August Bequai. September, p. 131. How to Turn Excess Inventory into a Tax Deduction. Ben L. McMahan and Jack Zavada. February, p. 91. Improving the Quality of Government Audits. Gerald W. Hepp and Jeffrey F. Mengel. June, p. 87. IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. Penchant for Auditing Small Business Pensions. Nicholas J. Fiore. February, p. 38. Need an Expert? Ask a Computer. Mary Ellen Phillips and Carol E. Brown. November, p. 91. Practical Definitions of Six Consulting Functions. Roger E. Muns, Robert S. Roussey and William E. Whitmer. November, p. 43. Preparing for October's XIV World Congress of Accountants World Congress of Accountants (WCOA) is held every four years. It has sponsored and organised by various national accounting organisations, and today is organized by the International Federation of Accountants (IFAC), the worldwide organization for the accountancy profession. . Gene R. Barrett. January, p. 41. Protecting Personal Assets. John Dedon. July, p. 60. Purchase vs. Lease of an Automobile. Gregory M. Levy. March, p.35. Should Taxable Income Be Sheltered? A Look at an IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. . David R. Vruwink and Tracy Wilson Green. October, p. 139. Software Makes It Easier to Handle Insurance Programs. David A. Tweedy. September, p. 71. Software that Makes Computers Easier to Use. Evelyn R. Michaud and William J. Niles. October, p. 85. Sparing No Expense. Nicholas J. Fiore. January, p. 34. Taking the Pulse of Health-Care Insurance. Paul Sullivan. February, p. 54. (A) Threat to Business Valuation Practices. Gary R. Trugman. December, p. 46. To Invest in New Technology or Not? New Tools for Making the Decision. William K. Carter. May, p. 58. What Every Accountant Should Know about Securities Law. Stephen M. Quinlivan. July, p. 109. What's New in Accounting Software. Sheldon Needle. October, p. 77. When Do the Provisions of SSARS SSARS Statements on Standards for Accounting and Review Services no. 1 Apply? Mark S. Beasley, Judith M. Sherinsky and Dan M. Guy. February, p. 62. |
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