Tax Breaks for Small Businesses
Ready for this year’s taxes? Most small businesses dread taxes every year, but last week President Obama encouraged Congress to help small businesses.
Obama told Congress small businesses deserve tax breaks, and he wants to give them a “leg up.” In particular Obama said he wants small business that add jobs to get tax credit and that taxes on capital in key investments should be eliminated.
Unfortunately no bill will be passed soon enough to help small businesses this coming April, but Obama hopes to see a bill by the end of 2012. Contact your local representative and ask them to support bills that support small businesses!
Will small businesses see improvements in taxes in 2012? Stay updated on bills being passed by Congress to find out. What tax breaks do you think small businesses deserve?