Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Best Ways to Store Data - Do you backup data on your computer each day? If so, congratulate yourself! You’re one of the tiny minority that can sleep easy.

Best Ways To Store Data - According to a 2016 survey, fewer than 1 in 3 computer users back up files on a schedule, whether daily, weekly...

Find Great Business Opportunities - Book-of-the-Month - Author David Alford maintains that “opportunities come everyone’s way,” but few people know what to do when they find one. And in fact, few people actually know how to find the best ones.

That’s why he wrote

Business Opportunity Leads is what you seek?  As with any sales position, fresh, qualified leads are the main key to success - the lifeline to sales and profits.

Business Opportunity Leads - Whether you are selling a business opportunity, a service or physical products - like house paint, your...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Kaeser & Blair Promotional Products
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
 
Resource Center > Article
2012-13 Fiscal Cliff Deal Tax Incentives for Business Opportunity and Other Small Business Owners
8 Jan 13 Posted by: Kathleen C Lanza
in Growth & Profit
Share this Article:

Okay, so now that the dust has settled on the most recent fiscal cliff crisis, it’s time to take stock of what it all means for small business owners, especially given that there was so much attention paid to the impact that actually going over the cliff would have had on them specifically. While the details of the deal are somewhat complex and parts of it will undoubtedly have a negative impact on some, there were a number of bright spots in the solution recently agreed upon by the President and the Congress.


Known as the American Taxpayer Relief Act of 2012 (ATRA) and signed into law by the President on January 2, the law averts the scheduled income tax rate increases and spending reductions required by the Budget Control Act of 2011. As such and according to the U.S. Small Business Administration (SBA), more than 98 percent of Americans and 97 percent of small business owners will not see their income taxes go up this year. Additionally, the law includes a number of tax incentive extensions, all preserved in an effort to encourage innovation, support capital investment and make hiring a more attractive proposition.

Here’s a quick review of the ones that matter most:

Research and Development (R&D) Tax Credit: Often recognized as the most important tax credit for small- and medium-sized business owners (SMBs), the credit has been extended through 2013 and made retroactive for 2012. While not permanent at this point (a flash point of contention for many), it represents a tax break of anywhere from 6 to 14 percent of R&D expenditures for many SMBs.

Section 179 Expenses: Another popular provision, Section 179 allows small companies to fully expense certain investments—qualified new/used equipment, for example—in just one year rather than depreciating and expensing it over time. It extends the half-million-dollar limit for both 2012 and 2013 for companies with less than $2 million in qualifying capital expenditures.

Work Opportunity Tax Credits: Employers who hire military veterans or individuals from certain disadvantaged populations that are now facing barriers to employment will continue to receive tax credits through 2013.

Bonus Depreciation: Certain qualified SMB investments have warranted a 50%-or-more depreciation write-off in the first year, which was set to expire at the end of 2012. That provision has now been extended through 2013 and even through 2014 for certain types of property.

Other incentives of note for home-based and other business opportunity, franchise, licensee opportunity, distributorship and SMBs of all kinds that have been preserved moving into the next tax year include: 1) Built-in gains tax, which affects companies converting to an S-corporation; 2) Adjustment to charitable S-corporation stock, 2) Enhanced charitable deductions for contribution of “apparently wholesome food” inventory; 3) Temporary exclusion of 100 percent of gain on small-business stock; and 4) Fifteen-year depreciation for qualified improvements to leasehold, retail or restaurant property.

For more information on paying your SMB taxes for 2012, go to the IRS Website now!

 

Related Blog Posts
21 Apr 17 Posted by: Kevin James Culp
in Growth & Profit

Offering Financing Boosts Bottom Line - Staying afloat takes capital. But the process of attracting financing is confusing for small business owners.

Offering Financing Boosts Bottom Line - Here is a look at how you can offer help with financing and credit to small business owners. You earn...
19 Aug 16 Posted by: Kevin James Culp
in Growth & Profit

The Business Franchise Opportunity Sales Tips 7 Part Series was an idea launched by Keith Shaffer Director of Personal at TheLocalProject.net two weeks ago after a coaching session.  The credit goes to him for this...

10 Feb 16 Posted by: Kevin James Culp
in Growth & Profit
Sales Hack to make you more money! Sales Hacks are not new, but how you use them is.  We receive lots of emails from people about various issues and we are always happy to help.  We also in many cases learn how we can do business better for the future.  Today, I share with you an actual letter we received...
29 Dec 15 Posted by: Kevin James Culp
in Growth & Profit
Funding is the lifeblood of any business. The principle reason entrepreneurs put off starting their own business is lack of it. Raising funds from venture capitalists, friends and family is fraught with danger and is often very time consuming. Funding your business by mortgaging your home is risky too....
1 Dec 15 Posted by: Kevin James Culp
in Growth & Profit
You would like to increase your reach to mobile customers. That is good and awesome; and truly we do wish you much success in being able to achieve this great goal, which will enable you to increase your revenue potentially, which is the main reason you want to do this in the first place. So here are...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight

Virtual Financial A Home Business in Financial Services You are going to want to see this Video!


Premium Sponsor