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