Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
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

Looking to start a business? Why not market to baby boomers? Take advantage of the fastest growing consumer demographic with these 25 start-up ideas for baby boomers.

25 Start-Up Ideas for Baby Boomers - Whether you’re a baby boomer who is looking to start a business...

Want more sales? Need to grow your business? Use the Top 7 methods to generate more leads!

If you read Friday’s blog, you know that one of the best ways to increase sales is to generate...

Are sales down? Do you need to boost sales? Check out our latest tips and tricks to increase sales fast!

Let’s be honest, if sales are low, business and moral are low. Low sales over a period of time can lead to a business shutting down. With online retail giants, like Amazon,...

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
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
The Top 10 Reasons to Buy a Business Opportunity or Franchise
Starting your own small business is part of the American Dream, right up there with owning your own home. Read On
7 Keys to Leading Highly Effective Sales Conversations
Most people's sales conversations could be better. Not a little better, significantly better. Read On
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
I Want To Buy a Business Opportunity or Franchise
Who are the types of people who buy a business opportunity or small franchise? According to people in... Read on
 
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
16 Oct 17 Posted by: Margaret Mallonée
in Growth & Profit

Want more sales? Need to grow your business? Use the Top 7 methods to generate more leads!

If you read Friday’s blog, you know that one of the best ways to increase sales is to generate...
21 Apr 17 Posted by: Kevin James Culp
in Growth & Profit

Offering Financing Boosts Bottom Line - Staying afloat takes some 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...
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....
 
   

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More

Video Spotlight

Click Now To Request Information

Click Now To Request Information


Click To Listen To Our Latest Entrepreneur Exchange w/ Shawn Pigg, CEO Hotel Etc.

Click Now To Request Information


Premium Sponsor