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Office of Financial Assistance

Office of Financial Assistance

MIAMI - The U.S. Small Business Administration signed a Strategic Alliance Memorandum (SAM) with the Chamber of Commerce of Okeechobee County Feb. 26, during its Chambers Quarterly Business Exchange Luncheon at Okeechobee’s Indian River State College, Dixon Hendry Campus.

The purpose of this SAM agreement is to develop and foster mutual understanding and a renewed working relationship between SBA and the Chamber of Commerce Okeechobee County to foster small business development and expansion.

MIAMI - The City of Miami and the U.S. Small Business Administration (SBA) signed a Strategic Alliance Memorandum (SAM) on July 24, in the Mayor's Conference Room at City Hall.

The SAM agreement's goal is to develop and foster mutual understanding, and renew the working relationship between the City of Miami and the SBA. This agreement will promote small business development and expansion.

The Internal Revenue Service reminds taxpayers to follow appropriate guidelines when determining whether an activity is a business or a hobby, an activity not engaged in for profit.

This is an explanation of the rules that determine if an activity qualifies as a business and what limitations apply if the activity is not a business. Incorrect deduction of hobby expenses account for a portion of the overstated adjustments, deductions, exemptions and credits that add up to $30 billion per year in unpaid taxes, according to IRS estimates.


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