Did you know that “The Small Business Jobs Act of 2010” spends $12 BILLION on small businesses? Are you getting your fair share of this money meant to stimulate the economy?
To learn how the one-owner business can cash in on The Small Business Jobs Act of 2010, read our brand new article titled New Law: Another Small-Business Economic Stimulus Package for You.
Three ways our fact-filled article can help you:
- Learn how to get bigger Section 179 deductions. For taxable years beginning in 2010 and 2011, you can Section 179 expense up to $500,000 if you place $2 million or less of such assets in service during the year. We’ll explain this and more when you read the full article.
- Get bonus depreciation for your luxury cars. The new law retroactively reinstates bonus depreciation. And that increases the first-year allowable deduction on a new car by $8,000. (This applies to cars not previously owned that are subject to the luxury limits.) Get all the facts when you read the full article.
- Get a schedule C deduction for self-employed health insurance. For one taxable year only, the tax year beginning in 2010, the new law allows self-employed taxpayers to deduct their qualifying self-employed health insurance on Schedule C where that deduction will reduce self-employment taxes. Learn about this and much more when you read the full article.