The Small Business Extension Act

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In December the president signed the “Small Business Runway Extension Act of 2018” into law.

In order to determine if your business is consider ‘small’, the SBA currently averages the last 3 years of revenue – this is now extended to the average over 5 years.

Some businesses currently on the verge of being ineligible for ‘small’ designation could keep their designation for longer.

 The House Committee on Small Business hopes this will “help advanced-small contractors successfully navigate the middle market as they reach the upper limits of their small size standard.”

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