On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Tax Relief Act”) into law. The Tax Relief Act was designed to extend Bush-era tax cuts while providing other incentives to revive the economy. Article provides a summary of key provisions of the Tax Relief Act.
Category: Recent Developments
Troubled Location? New York Restauranteurs Take Unusual Approach To Removing “Jinx”
Every community has them: restaurant buildings that seem to endlessly change hands, going from concept to concept, with none of them seeming to take hold. This week, it’s a casual bistro. Next week, it’s a steakhouse. The week after that, a seafood restaurant. You drive past them, feeling immediate sympathy for the owner of the latest business to open there, certain that the new business will suffer the same fate. For the operators of these seemingly doomed locations, there seems to be little that can be done to reverse the trend.
The Small Business Jobs Act Of 2010: Key Tax Features
On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the “Act”) which includes a number of tax breaks and incentives for businesses. The Act contains several tax initiatives designed to assist small businesses. The following is a brief overview of the most important tax-related changes in the Act.
Update: House Approves Small Business Bill; Obama Expected To Sign Monday
Well, here’s some good news on the economic front: as expected, the House approved the small business bill I reported on last week. The measure passed by a vote of 237-187, with all but thirteen Democrats and one Republican supporting the bill.
Breaking News: Congress Approves Small Business Loan / Tax Package
Finally, after many months of waiting, the Senate today passed legislation that is designed to give some relief to small businesses.
Another Economic Stimulus Plan In The Works?
In what smacks of election year politics, the White House has proposed a series of tax breaks to help small businesses. But is it too little too late?
Forward Franchising 