Posts Tagged ‘Tax Savings’
by Marie Jett, CPA | Manager, Tax Services Group
On September 16 the Senate passed its version of the Small Business Jobs Act of 2010. As of September 21, the House has yet to pass the bill, but the House is expected to pass the bill later this week without modifications, then it heads to the President for signature. We’ll keep you updated on any changes. The following describes a few key features that are in the Senate passed bill. This bill may be called the Small Business Jobs Act, but it affects both large and small businesses, as well as individuals. First, a number of tax law changes in this bill affect depreciable property.