Additional info on the new Small Business Law

In checking some additional sources I found this new info from USA Today

According to USAToday, some elements the new bill contains include:

·         The bill immediately extends the SBA Recovery Act provisions. In a few days, it will restart the SBA’s Recovery lending, beginning with the more than 1,300 small businesses that have been waiting to get the credit they need.

·         Effective Monday, when small businesses buy new equipment, they may immediately write off the first $500,000 of that investment.

·         For eligible small businesses, some long-term investments in the company will be subject to zero capital gains taxes.

·         Entrepreneurs with a fresh idea will be able to deduct the first $10,000 of their start-up costs.

·         Those who are self-employed will be able to deduct 100% of the cost of health insurance for themselves and their family. 

E   Enjoy !!

      Rich