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Franchise Sales: Fakers or Deal Makers

how to sell a franchise, how to franchise your business, how to franchise a business

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Small Business Tax Deductions will Benefit Franchises

Small Business Taxes

New tax deductions will impact many businesses

Posted by Jamie Downey September 28, 2010 05:13 PM
On Monday, President Obama signed into law HR 5297, the Small Business Jobs Act of 2010. The law includes a series of temporary tax deductions for businesses of all sizes. The bill also includes provisions, which the government hopes will offset some of the costs of the bill. The following is a summary of certain provisions of this legislation:

Bonus depreciation – The use of bonus depreciation had expired on December 31, 2009. This provision has been extended through the end of 2010. The use of bonus depreciation is not restricted to the size of the business. This is a real benefit for larger businesses as small businesses can use the other tax preference provisions (i.e. Code Section 179).

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