Unemployed individuals in some states have the opportunity to receive benefits while starting a business. The New Opportunities for Business Ownership and Self-Sufficiency Act (H.R. 6431) would modify the rules governing Self-Employment Assistance (SEA) programs. In states with such programs, less than 5% of unemployment benefit claimants participate. Federal help in expanding the programs could boost business startup. #IdeaoftheDay
Remember to check out the online Supplements for the tax books!
