Urban Dyke is a Chicago-based business blog with writers who has nearly 15 years experience in the media business. Advertising is essential to business, but the federal government has set in place advertising laws to help keep businesses honest in their marketing campaigns, avoiding false advertising and fabricated claims. IRS priorities: The Supreme Court will begin hearing arguments in January to determine if severance pay should be taxable or exempt from FIA tax. The SEC sponsors the Government-Business Forum on Small Business Capital Formation . The company that is the subject of a takeover must file its responses to the tender offer with the SEC. He’s someone who’s pretty pragmatic about the needs of small business,” says Todd McCracken, president of the National Small Business Association.