Year-End Planning Ideas for 2010

Kinsler, Debra A.
November 2010
Journal of the CPA Practitioner;Nov/Dec2010, Vol. 2 Issue 5, p15
The article offers information on several provisions in the Small Business Jobs Act of 2010 that extend valuable tax breaks and incentives in the U.S. It explains that the enhanced small business expensing, which is commonly known as Section 179, allows businesses to write off the entire purchase price of qualifying property. Also in the provision, health insurance premiums incurred and paid by business owners for themselves and dependents can now be use to reduce their self-employment tax.


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