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Small Business Jobs Act of 2010

Gelman, Rosenberg & Freedman CPAs is a member of CPAmerica International, an association of CPA and consulting firms that provides industry knowledge including insightful articles, to help member firms serve clients and other individuals and organizations.

Despite it’s name, the Small Business Jobs Act does a great deal more than change treatment of small businesses.  It affects individuals and large enterprises as well. Between this increased scope and the staggered implementation of the laws provisions, it’s incredibly important to understand this law fully before trying to apply it to your situation.

Topics included in this Federal Tax Watch  publication include:

  • Changes in expense allowances for property and equipment
  • The extension of the Section 168(k) “bonus: depreciation
  • Deductions of health insurance and self-employment tax
  • Built-in gains relief for S-corporations
  • And many others
Download this article above to learn more about this law so you and your small business can make the most of these changes.


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