Good News for Small Businesses in the Bailout Act

Small companies will get a supporting hand which includes key bills under President Obama’s $787 billion stimulus plan, authorized into law on Feb 17.

Around $282 billion dollars of the bill is definitely devoted to tax slices, including breaks for small companies.

Some of the shows include:

  1. Small companies will become able to more quickly deduct the price tag on investments in plants and equipment coming from their taxable income.
  2. Small enterprises will be allowed to recover alternative minimum taxes (AMT) and research and development (R&D) credits quicker.
  3. Small businesses will get allowed to write away up to $250, 500 of capital expenditures back again in of acquisition.
    Because a result, 2009 could possibly be a good time to consider upgrading your technology. Economical advisor can support you determine if some of these tax cuts apply to you.

More information;

A Breakdown of the stimulus package:
http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html

Small Business Association information on stimulus bill:
http://www.sba.gov/recovery/index.html

Regularly updated stimulus page at Wall Street Journal
http://online.wsj.com/public/page/stimulus-package.html

Published with permission from TechAdvisory.org

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