Scott Gottlieb, CPA

105 Maxess Road, Suite N116
Melville, New York 11747

Office: 631-574-4484 or 631-253-CPA2

631-574-4484 phone
American Institute of CPA'S
Member of BNI
Certified Quickbooks Pro Advisor
Registered In NY

certified quickbooks proadvisor
  For My Clients
  City/State/Federal Tax Forms & Revenue Links
  IRS Information For All
  NYC Business Forms
  State Business Forms
  Federal Business Forms
  Quickbook Updates
  Links of Interest
  U.S. Tax Code
  Tax & Government Links
  Tax Humor & History
  Contact Us
  Articles & News
  Current Article
  Archived Tax Articles
  American Recovery
Reinvestment Act 2009
  Archives Interest Sites

Balance Budget Act 1997


Never Underestimate the Value of A CPA

Pet Adoption










February 2001

Editor: Scott Gottlieb, CPA
Assistant editor: Susan A. Maffetone, CPA

Surety Bond Maximum increased to aid small contractors

The U.S. Small Business Administration announced February 16th that they have has increased the maximum size of the surety bonds it can guarantee for small businesses.

Statutory changes to SBA’s Surety Bond Guarantee Program now allow guarantees on bonds up to a maximum of $2 million, up from $1.25 million, for small and emerging contractors who cannot obtain surety bonds through regular commercial channels..

Changes to the Surety Bond Guarantee Program were signed into law on December 21, 2000.

SBA guarantees from 70 percent to 90 percent of losses incurred by surety companies in the event of a contractor’s default on contracts not exceeding $2 million.

Visit the U.S. Small Business Administration website for more information.

And don’t forget to add this to your bookmark or favorites menu to help you in visiting us monthly. 

Other issues of NewsBytes see our archives





© 1997-2009 Scott Gottlieb, CPA. All Rights Reserved.

Disclaimer/Use of Site

The materials on this Web site are for informational purposes only and are not intended and should not be construed as accounting advice. This information is not intended to create, and receipt of it does not constitute, a CPA-Client relationship. You should not act upon this information without seeking counsel from a Certified Public Accountant