Eighty-four percent of small business owners are concerned about fraud in connection to their business finances. This is according to survey results jointly released today by SunTrust Banks, Inc. and the National Small Business Association (NSBA). The "Foil Fraud" survey also showed seven out of 10 small business owners are more concerned about fraud now than they were a year ago.

Despite a proposed elimination of the alternative minimum tax and an extension of expensing rules, the so-called "mother of all tax reforms" also contains a potentially punishing hike in rates small businesses would have to pay, as well as a repeal of a deduction for making things in the United States.

Although it may be too late for sole proprietors to gain the tax advantages of forming an LLC or corporation in 2007, it’s not too early to begin adopting these changes for 2008.

The number of home businesses have reached an all-time high, according to a recent study.

Small business owners’ confidence dropped to new low in October 2007, according to National City’s Business Confidence Index.