Monthly News from Lowell Small Business Assistance Center

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LSBAC Monthly Newsletter April 2011 Keeping you updated and informed. Resources April 18th is Tax Day As the date approaches, here are some helpful Tips from the IRS: Filing and paying on time saves money If you cannot pay the full amount you will still benefit from filing the return and paying as much as possible by April 18. If you are unable to pay the total balance due, you should pay as much as possible and apply for an installment agreement.  IR-2011-42 has more information on payment options.     Requesting an extension  Taxpayers that cannot complete their return and file by April 18 may request an extension of time to file.   There are several ways to file Form 4868 for an extension. File electronically: IRS Free File or Free File Fillable Forms  Paid preparers Commercial tax software Or, download a paper version of Form 4868  and file by mail.  Reminder, an extension of time to file is not an extension of time to pay.    National Small Business Week May 16th - 20th is National Small Business Week. Stay tuned to hear more about all the activities going on in the Greater Lowell area for small business. We have a full schedule of seminars that week (see below) and look forward to hosting you. You can learn more about the week at the  SBA Website.    Announcements Economic Outlook The month of March showed positive economic trends as unemployment numbers were down. According to the Federal Reserve Bank of Boston, New England's economic recovery "appears to be performing somewhat better than the nation as a whole." You can learn more at the Federal Reserve Bank of Boston.    1099 requirement President Obama signed into law a repeal of an expanded Form 1099 reporting requirement that many thought would cause unnecessary paperwork burdens on small businesses. You can learn more here.   Want your Restaurant to be in a Cookbook?   The Cultural Organization of Lowell is looking for Lowell restaurants that would like their recipe included in an upcoming Lowell Cookbook. If you are interested in participating or would like to know more, please contact Kay Ransdell at k.ransdell@comcast.net.       University Impact on Downtown Lowell  Recently The Lowell Plan and UMass Lowell released a report outlining the economic impact the university has had on the downtown and its role in sustaining a vibrant community.   In an effort to get more community input about the impact of UML expansion in the downtown, a group of students are asking a few questions of downtown Lowell residents, businesses and organizations. If you are interested in participating, please contact Sokny_Long@uml.edu directly.      Upcoming Seminars The Center's Seminars are an opportunity to address specific needs. Space is limited, so please contact Terry Williams at twilliams@comteam.org or 978-322-8401 to sign up. There is no charge.     Monday, April 25: 6 pm - 8 pm Using Social Media for Your Business   Location:  Lowell Small Business Assistance Center 88 Middle Street, Rm 202, Lowell   Monday, May 16:             6 pm - 8 pm                           Pre-Certification Seminar with Office of Supplier Diveristy              Learn more about becoming certificated as a women and/or minority-owned businesses               Location:                  Federal Building, Assembly Room             Middlesex Community College, downtown Lowell    Tuesday, May 17:              6 pm-8:30 pm                            Introduction to QuickBooks      Location:      Lowell Small Business Assistance Center             88 Middle Street, Rm 202, Lowell                 Cost: $125.00   Thursday, May 19:              6 pm-8:30 pm                           Introduction to QuickBooks      Location:      Lowell Small Business Assistance Center             88 Middle Street, Rm 202, Lowell                Cost: $125.00               Monday, May 23:              6 pm - 8 pm                        Seminar on Business Law              Economic Justice Project        Location:      Federal Building, Assembly Room      Middlesex Community College, downtown Lowell    Upcoming Right Start Trainings   The Center's Right Start Entrepreneurship Training Program provides a solid educational foundation on which to build your business.  Intro to Business, Marketing, Personal Selling, Bookkeeping and Taxes, Financing, and Business Law in six - three hour sessions. Practical, flexible, taught by small business professionals...what you learn could spell the difference between success and failure.   Right Start Training are on Wenesdays from 6 pm - 9 pm.   Space is limited, so please contact Terry Williams at twilliams@comteam.org or 978-322-8401 to sign up. Cost is $90 for all six in the series, you can take the 6 classes throughout the year. (There are opportunities for waived fee, please ask). Call for more information.      April 20:   Sales   April 27:   Bookkeeping and Taxes Articles Just in case you missed it... articles that may be helpful to your business.  Learn ways to collect on your accounts receivables. New York Times Article   Managing Credit Cards. Entrepreneur Magazine     Interested in starting a brewery? Sam Adams may have a program for you.  Boston Brew - Sam Adams    If you think social media is the next frontier for marketing... check out this interesting video.  Video The mission of the Lowell Small Business Assistance Center is to provide entrepreneurs from ethnically and economically diverse groups with the education, tools and resources needed to create, sustain or expand viable small businesses. Tell Us Do you have a business related announcement you would like to share? Do you offer a business service that you think would benefit other businesses? Please send your announcements directly to shargis@comteam.org.     In This Issue Resources Announcements Upcoming Seminars and Trainings Quick Links Register Now for Seminars and Training Learn More About Us   The Lowell Small Business Assistance Center is a one-stop business assistance center that provides one-on-one counseling, entrepreneurship training, and a variety of seminars.   Call (978)322-8400 for more information.

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