Regulatory News
State Agency Rules Open For Comment
The following rules have been proposed by State of Illinois agencies and are open for public comment.   To read more about the rules or to submit comments regarding their impact on your business or industry, visit www.ildceo.net/regalert  and click on "submit comments" .   

The Department on Aging proposed rules that will impact long-term care facilities, community-based or home care providers and local agencies providing senior services.  To learn about these potential changes, click here.

The Environmental Protection Agency proposed amendments which will impact businesses that sell or install thermostats.  To learn more about these changes or to submit comments, click here.  
 
The Department of Public Health proposed amendments which will impact owners of facilities or properties in which lead may be present; healthcare and childcare providers; businesses involved in building construction or renovation; lead inspectors; and lead abatement workers and contractors.  To learn more about these changes or to submit comments, click here

The Department of Financial and Professional Regulation proposed a new Part which will impact real estate appraisers.  To learn more about these changes or to submit comments, click here

For further information on any of the above rules, contact Katy Khayyat at Katy.Khayyat@Illinois.gov, or call (217) 558-0190. 
SBA Office of Advocacy
SBA's Office of Advocacy Small Business Regulatory Fairness Roundtable   

The U.S. Small Business Administration's Office of Advocacy will hold a Small Business Regulatory Fairness Roundtable in Springfield on September 10th.  The roundtable is part of the federal government's process of understanding how regulations impact small businesses, and allows business owners to share concerns about federal regulatory challenges.  Meet SBA representatives and state and local business resource partners.  Attendance is free; small businesses can register at https://www.eventbrite.com/e/small-business-regulatory-fairness-roundtable-registration-48594792332

Regulatory Roundtable

Illinois News
New Law Cuts Red Tape for Real Estate Professionals and Businesses
Gov. Bruce Rauner signed legislation to reduce burdensome licensing requirements for real estate businesses. The new licensing program is expected to save the state money by reducing a duplicative and unnecessary licensure structure that provides no benefit to the public and discourages business creation and growth.
 
"House Bill 5210 is a win for small business and licensed professionals in Illinois," Rauner said. "It is another step forward in our goal of reducing the amount of red tape, paperwork, and regulatory burden that puts our business owners and our state at a disadvantage."
 
The bill was supported by the Illinois Department of Financial and Professional Regulation (IDFPR) and it clarifies that a licensed individual may establish a limited liability company to receive commissions directly, allowing them more flexibility in selecting a business entity that fits their needs. The new practice will also allow the individual to derive more favorable tax treatment than they would receive when operating as an individual. 
 
Finally, the legislation pushes back continuing education deadlines, establishes one basic standard for all business entities, simplifies the business entity license application, establishes common sense ownership requirements, and reduces barriers to industry.
  
The governor also signed House Bill 5502 removing an unnecessary testing requirement to encourage new real estate appraiser trainees to enter the industry. This will reduce a barrier to entry and increase labor market liquidity within the industry.
  
The changes will reduce the regulatory burden on Illinois real estate related businesses and workers, while improving IDFPR operations.  

Illinois State Agencies Collaborate to Expand Mobile Services
The Department of Employment Security (DES) and Department of Innovation & Technology (DoIT) jointly announce the release of the IllinoisJobLink.com mobile functionality. IllinoisJobLink.com is a one-stop employment exchange in Illinois and is offered free of charge to both job seekers and employers. The system serves as the state's hiring board, featuring more than 100,000 help-wanted ads.

IDES connects the Illinois workforce to education and training resources, as well as, available employment opportunities. An active employer outreach effort and job seeker exchange keep the channels of communication open and provides various avenues for employers and job seekers to interface.
The Illinois Department of Employment Security regularly uses the labor exchange functionality of IllinoisJobLink.com to carry out employment service functions and the tool also operates as a case management system.
Job openings are populated both by IDES staff and employers in a nightly exchange of job order information with the National Labor Exchange (NLX). Job seekers can register, post resumes and conduct job searches all through the tool accessed by a mobile device, tablet or desktop. The recently released mobile availability will serve to advance Illinois' job market and economy.

Regulatory Burden Eased for Illinois Brewers
Gov. Bruce Rauner signed legislation that makes it possible for Illinois brewers to serve a greater selection of beers at their own taprooms, giving smaller breweries new opportunities to expand their businesses without having to open new locations. The new law will also let brewers buy and sell ciders for
Included in the legislation is an allowance for Illinois brewers to sell their own beer to other Illinois breweries, which will then be able to sell the purchased beer directly to customers in their taprooms, and to purchase cider for selling in their taprooms.

The Brewer Warehouse Permit created by HB 4897 will allow small and growing breweries to expand their operations by using warehousing and storage facilities instead of opening second locations or moving to larger spaces. The permit will allow for Class 1 and Class 2 Brewers to transfer and store, at an off-site warehouse within 80 miles, as much as 930,000 and 3.72 million gallons, respectively, of beer that the brewery manufactured.
Prior to this bill, brewers were restricted from any of the above by outdated regulations set forth by the Liquor Control Act of 1934. In addition to being unnecessary to ensure safe liquor consumption, the controls also created a barrier to market entry for small businesses and protected established businesses from competition.
SBA News
2019 National Small Business Week Awards:  Are you SBA's Next Winner?
Since 1963, National Small Business Week has served as our nation's salute to small business owners. That's more than 50 years of celebrating small business owners who create two out of every three new jobs for Americans. Many household names were previous National Small Business Week award winners, including Ben and Jerry's, Callaway Golf, Chobani, Dogfish Head, Stonyfield Farm, Pacifica, Maui Brewing Company, Tom's of Maine and Landmark Pest Management.

All nominations must be mailed (or hand delivered) to the nearest SBA office no later than 2:00 p.m. CST on January 9, 2019.  Winners will be announced during National Small Business Week, May 5-11, 2019.   National Small Business Week award categories include:
  • Small Business Person of the Year Award
  • Small Business Exporter of the Year
  • Phoenix Award for Small Business Disaster Recovery
  • Phoenix Award for Outstanding Contributions to Disaster Recovery- Public Official
  • Phoenix Award for Outstanding Contributions to Disaster Recovery- Volunteer
  • Federal Procurement Award- Small Business Prime Contractor of the Year Award
  • Federal Procurement Award- Small Business Subcontractor of the Year Award
  • Federal Procurement Award- Dwight D. Eisenhower Award for Excellence
  • 8(a) Graduate of the Year Award
  • Small Business Development Center Excellence and Innovation Award
  • Veterans Business Outreach Center Excellence in Service Award
  • Women's Business Center of Excellence Award
  • Jody C. Raskind Lender of the Year
  • Small Business Investment Company of the Year
  Are you the next winner? Apply today www.sba.gov/nsbw.
News from the IRS 
IRS Issues Proposed Regulations on New 20% Deduction for Passthrough Businesses  
The Internal Revenue Service issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.
The new deduction -- referred to as the Section 199A deduction or the deduction for qualified business income -- was created by the Tax Cuts and Jobs Act. The deduction is available for tax years beginning after Dec. 31, 2017. Eligible taxpayers can claim it for the first time on the 2018 federal income tax return they file next year.

The deduction is generally available to eligible taxpayers whose 2018 taxable incomes fall below $315,000 for joint returns and $157,500 for other taxpayers. It's generally equal to the lesser of 20 percent of their qualified business income plus 20 percent of their qualified real estate investment trust dividends and qualified publicly traded partnership income or 20 percent of taxable income minus net capital gains.

Deductions for taxpayers above the $157,500/$315,000 taxable income thresholds may be limited. Those limitations are fully described in the proposed regulations.

Qualified business income includes domestic income from a trade or business. Employee wages, capital gain, interest and dividend income are excluded.
In addition, Notice 2018-64, also issued today, provides methods for calculating Form W-2 wages for purposes of the limitations on this deduction. More information may be found at www.IRS.gov.

Taxpayers may rely on the rules in these proposed regulations until final regulations are published in the Federal Register.

Written or electronic comments and requests for a public hearing on this proposed regulation must be received within 45 days of publication in the Federal Register.

What is the Sharing Economy and Is It Taxable?  
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you're involved in what is sometimes called the sharing economy.
An emerging area of activity in the past few years, the sharing economy has changed how people commute, travel, rent vacation accommodations and perform many other activities. Also referred to as the on-demand, gig or access economy, the sharing economy allows individuals to generate revenue from assets they possess - (such as cars and homes) - or services they provide - (such as household chores or technology services). There are tax implications for the companies that provide the services and the individuals who perform the services.

This means if you receive income from a sharing economy activity, it's generally taxable even if you don't receive a Form 1099-MISC, Miscellaneous Income, Form 1099-K, Payment Card and Third Party Network Transactions, Form W-2, Wage and Tax Statement, or some other income statement. This is true even if you do it as a side job or just as a part time business and even if you are paid in cash. On the other hand, depending upon the circumstances, some or all of your business expenses may be deductible, subject to the normal tax limitations and rules.

The IRS encourages taxpayers participating in the sharing economy to understand the potential tax issues affecting them.
The following tax issues may apply to those participating in the sharing economy:
These topics are addressed on the Sharing Economy Tax Center online: https://www.irs.gov/businesses/small-businesses-self-employed/sharing-economy-tax-center .
 
The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected tax bill when they file their return next year. Many people working in the sharing economy need to make sure they pay their taxes either through withholding from other jobs they may have, or through estimated taxes.
 
The easiest way for most employees to check their withholding is through the Withholding Calculator available on IRS.gov.

National PTAC Day
PTAC Day









Procurement Technical Assistance Centers Host 1st Annual PTAC Day September 26, 2018
Illinois Procurement Technical Assistance Centers (PTACs) will be joining other PTACs from across the country to celebrate the contracting success of small business clients for the first annual National PTAC Day to be held on September 26, 2018.  National PTAC Day will unite ninety-five Procurement Technical Assistance Centers (PTACs) and the tens of thousands of clients they serve by sharing small business success stories and notable economic impact that PTAC clients have created within their communities. 

Learn more about Illinois PTAC assistance and to find out how your local center will be celebrating the event, click here

Join us in celebrating National PTAC Day by attending our special PTAC Day webinar:

Top Tips for Finding and Winning Government Contracts
September 26th at 1:00 CST
CLICK HERE TO REGISTER
This special PTAC Day webinar will feature a panel of PTAC experts from across the country who will share their top tips for:
*           Getting Ready to Enter the Government Marketplace
*           Finding Government Contracts
*           Bidding on Government Contracts
 

If you can't make it, please show your support by tweeting or posting on other social media about your contracting success or how PTACs have helped your business by using the #PTACDay.
Small Business Environmental Assistance Program
Environmental

SBA Environmental Roundtable Meeting    
The next U.S. Small Business Administration, Office of Advocacy Environmental Roundtable will meet to discuss the following topics, beginning at 10 a.m. on Friday, September 7, 2018.  Participants may attend in person, or by teleconference. The meeting will be held in Washington, D.C., at the Small Business Administration Headquarters, 409 Third Street SW, Eisenhower B Conference Room.  If you'd like to attend, RSVP to twaqar@sba.gov.   Information will be sent out to you when you RSVP. 

10:00 - 10:30 AM Reviewing New Chemicals under the Amended Toxic Substances Control Act (TSCA) - Tala Henry and Greg Schweer, Office of Pollution Prevention and Toxics, EPA
 
10:30 - 10:50 AM - An Industry Perspective on TSCA Section 5 - Jared Rothstein, Society of Chemical Manufacturers and Affiliates
       
10:50 - 11:30 AM - Discussion/ Q&A                    
 
Roundtable meetings are open to all interested persons, with the exception of the press, in order to facilitate open and frank discussion about the impacts of federal regulatory activities on small entities.   Agendas and presentations are available to all, including the press. Anyone who wants to receive roundtable agendas or presentations, or to be included in the distribution list, should forward such requests to kevin.bromberg@sba.gov.  The purpose of these Roundtable meetings is to exchange opinions, facts and information and to obtain the attendees' individual views and opinions regarding small business concerns.  The meetings are not intended to achieve or communicate any consensus positions of the attendees.

New Online Asbestos Application Process Starting September 3, 2018 for Cook County Asbestos Contractors
Beginning the week of September 3rd, Cook County Department of Environment and Sustainability will be transitioning to a new electronic permit management system.  The enhanced system will require you to complete your contractor registration, abatement permit applications as well as revisions on-line.  Another added feature will require payment by credit card or electronic check.
 
Please note, all applications postmarked on or after 9/19/18, will no longer be accepted.   If we do receive paper applications, they'll be REJECTED and sent back instructing you to apply and pay online .
 
In addition, please check their website for updates prior to mailing in paper applications.   If you have any questions, please call 312-603-8215, or visit  www.cookcountyil.gov/environment  for further information.


Does your Business Need Assistance?   Visit our website at  www.ildceo.net/enviro, call our helpline at 800.252.2923, or email  DCEO.SBEAP@Illinois.gov
Upcoming Events
Advancing the Development of Minority Entrepreneurship (ADME) Business Workshop - September 12 - Chicago
Are you a new business owner?  Interested in becoming an entrepreneur in 2018?  If so, you are invited to join the Illinois Department of Commerce and Economic Opportunity for an ADME Business Workshop.  This workshop has been designed to instruct new business start-ups and individuals who have an interest in entrepreneurship.  

During the workshop, subject-matter experts will address the needs of individuals who are just starting their own businesses and those who are looking to pursue entrepreneurship.  Register today to take advantage of this free event to jump start your business.

Topics to be covered:  Business Entity Business, Planning Business, Enterprise Program Certification for the State of Illinois, Importance of Credit, Access to Capital Panel Discussion.  

This will be held on Wednesday, September 12 from 5:00 pm - 7:30 pm at Woodlawn Resource Center (located in POAH Building), 6144 Cottage Grove Avenue, Chicago, IL 60637.  

The event is free, but registration is required.  For more information, email omee@Illinois.gov.  To register, visit the Eventbrite link: https://www.eventbrite.com/e/advancing-the-development-of-minority-entrepreneurship-adme-workshop-tickets-49308066755.  

 
Franchise Expo Midwest - September 14-15- Rosemont

At Franchise Expo Midwest, hundreds of the hottest franchise concepts and opportunities will be on display, and thousands of the most qualified prospects from the Midwestern United States, as well as other areas will be in attendance. FEM also offers the industry's most comprehensive conference and educational program to gain the ins and outs and behind the scenes information needed for success right from the start. Thousands of entrepreneurs and future business owners from across the United States will attend Franchise Expo Midwest, looking for franchise opportunities. Visitors will have the chance to meet face-to-face with over 200 proven franchise opportunities in every industry, across every investment level, full-time and part-time . [Learn more on why to attend Franchise Expo Midwest]. To register for the Expo click here.
 
More importantly, there will be a value-packed informational seminar on "Minorities in Franchising: Learn the 7 Habits of Highly Profitable Franchises" , with top experts in the industry that will provide valuable information on how African-American business owners can market and finance a Franchise business. The details are as below:

Date & Time:    Saturday, September 15th (1:30pm to 2:30pm)
Location:  Donald E. Stephens Convention Center, Rosemont, IL
Moderator:       Ericka Perkins- Assistant State Director of the Illinois SBDC
  • Resources to start or grow a franchise business
  • Insider marketing knowledge
  • Get access to capital
  • Legal Advice
  • Build highly-qualified relationships
  • and much more. 
For more information, visit  https://www.franchiseexpomidwest.com/.  

Fund Conference - October 24-25 - Chicago
 
FUND is a national connector of entrepreneurs, VCs, angel investors, and industry experts with a focus on curated deal flow, captivating content, and same day connections. Join us as we bring together hundreds of thought leaders for an action-packed show, sure to leave you wanting more. Upon securing your ticket to FUND Conference, you will be invited to attend the Women Investing in Women event taking place the day prior.

Held annually in Chicago, the 4th annual FUND Conference will feature 100 early state companies, accredited investors from across the country, and over 50 prominent speakers.  

When: Thursday, October 25, 2018, 8:00 AM - 5:00 PM (Central Standard Time)
Where: Venue SIX10, 610 S Michigan Ave, Chicago, IL 60605, USA 

For more information, visit  https://fundconference.com/event/Chicago-2018.  Use code ILSBDC for a special discount.  
Export Training Series
State of Illinois Export Training Series

Spotlight on Success
Spotlight on Success - The Green Boots Boutique 
In 2017, Maddison (Green) Maloney and Melody (Boots) Bryant, both full-time employees at Southeastern Illinois College, developed and successfully ran a social media driven women's clothing store through multi-level marketing. Over time, they wanted to purchase clothing they believed would better suit their market and researched means of opening an online boutique. And thus, an idea was born to transform their established business into something that will attract local buyers to affordable, yet fashion-forward clothing through social media.

They launched their social media and website in early 2018 after attending the AmericasMart wholesale retailer market in Atlanta. Bryant and Maloney launched their business and simultaneously began working with the Workforce and Illinois Small Business Development Center to determine tax planning and start-up assistance.

"Not only did the WISBDC answer all of the questions we had, they had many resources to help get us started," said Maloney. "They helped with everything from looking over our business plan, to marketing, to financials. They went above and beyond to help a dream become a reality."

Growth came naturally for Maloney and Bryant, both experienced in finance, public relations and writing. Quickly after launching their social media and website, the opportunity to grow into a brick and mortar location presented itself. In June of 2018, The Green Boots Boutique opened its physical location at 800 W. Poplar Street in Harrisburg. They open their doors for shopping by booking incentive parties for clients through the week and starting in September to the public on Thursdays from 5-7 p.m. and Saturdays from 10 a.m.- 2p.m. 

Their online boutique is still going strong with frequent additions to inventory and purchases from local clients and those living around the country. The boutique offers an array of women's clothing in sizes from small to 3XL and boasts a price range of $35 and under. 

"I would strongly encourage anyone looking to start their own small business to work with the WISBDC," said Bryant. "The WISBDC helps break down a lot of information that can be overwhelming into a manageable plan for your business. They are truly a valuable resource in helping make your business a success."

The Green Boots Boutique can be found at 800 W. Poplar Street in Harrisburg, Ill. They are active on Facebook and Instagram at: https://www.facebook.com/greenbootsllc/ and https://www.instagram.com/thegreenbootsboutique/. Shop online at: https://the-green-boots-boutique.myshopify.com/

The Workforce & Illinois Small Business Development Center is designed to assist owner and managers of small businesses as well as anyone wanting to start a business in the area. Most of their services are available at no charge. For more information about the WISBDC and their services call 618-252-5400 (ext 2312). 
September 2018
Helpful Links
Start a Business - Illinois Small Business Development Center (Illinois SBDC)
Illinois First Stop Business Information Center
Business Registration - Illinois Department of Revenue
Illinois Secretary of State Business Services
Cutting Red Tape


Illinois is home to many regulations imposed on businesses.  In some cases these regulations are hindering our economic growth. We need your help in cutting the red tape in Illinois!

Governor Rauner issued Executive Order 16-13 which instructs all State agencies to undertake a comprehensive review of existing regulations and policies to determine which regulations are outdated, repetitive, confusing or hindering a growing economy. The Executive Order also establishes a committee to oversee this process and ensure State agencies keep on track with this important review.

Public participation is vital to this process. We depend on citizens' input to help State agencies determine which regulations or policies are preventing Illinois from keeping and creating jobs.  Governor Rauner invites all members of the public to use the online portal to share their ideas for simplifying or reducing regulations.

The Illinois Competitiveness Council is seeking input from the public on which rules and regulations are the biggest hindrance to people and businesses. Anyone can submit feedback to cut the red tape at www.illinois.gov/cut 


How Can We Help You?


 

Illinois Small Business Development Centers are located throughout the state and provide information, confidential business guidance, training and other resources and services for start-up and existing small businesses.

 
Whether your company employs two people or 102, you need a strong network behind you to succeed. And that's where the Illinois Small Business Development Center comes in. SBDC partners with well-respected business development organizations and educational institutions to assist you in maximizing your potential to grow and attract investors. SBDC connects you to the experts, tools and opportunities that translate into endless possibilities!
 
The Illinois SBDC program is located within the Office of Entrepreneurship, Innovation and Technology at the Illinois Department of Commerce & Economic Opportunity. For more information please click here.

Need Assistance?

Call our helpline at 800.252.2923 or email  FirstStop@Illinois.gov

 

http://www.illinois.gov/dceo

 

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