Washington, DC (PRWEB) June 24, 2011
The Obama administration, in acknowledgement of the vital role of small businesses in sustaining the economy, took a step in assisting small businesses by signing the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (H.R. 4) into law in April, repealing the requirement of imposing a huge tax compliance burden on small businesses.
“I was pleased to take another step to relieve unnecessary burdens on small businesses by signing H.R. 4 into law. Small business owners are the engine of our economy and because Democrats and Republicans worked together, we can ensure they spend their time and resources creating jobs and growing their business, not filling out more paperwork,” President Obama said in an official White House statement.
The promotional products industry, led by the Promotional Products Association International (PPAI), strongly supported the repeal of H.R. 4’s tax requirement that would have caused small businesses to devote a big part of their resources to tax compliance instead of using those for job creation and business expansion.
With more than 32,000 U.S.-based promotional products companies in existence, 95 percent of which are small businesses, PromosLogos takes initiative in further assisting small businesses by offering a huge assortment of business promotional items at up to 50 percent less.
The signing of H.R. 4 becomes an important step in the growth of small businesses, allowing them to focus their resources on improvement and expansion. On top of offering cheap promotional products, PromosLogos also has special offers on selected items, such as 500 custom imprinted pens for just $80, plus a $20 setup fee, and 1000 business card magnets for just $110.00 – no setup fee.
PromosLogos looks forward to finding even more ways to support H.R. 4 and help create jobs and expand small businesses with over 500,000 items in their promotional product lines. For more information, visit http://www.promoslogos.com.
*both offers do not include shipping and handling