A new law quietly passed by Congress will have some significant impact on small businesses and the costs they undertake. How will you be affected?
taxes
NY Tax Woes Hit Small Retailers
The ongoing economic doldrums are going to hit independent retailers in New York State particularly hard this year, according to the New York Association of Convenience Stores. Jim Calvin, president of NYACS, says the state’s lack of tax collection on cigarettes sold on Indian tribal lands is going to impact the mom-and-pop stores off the […]
Survey: VAT Increase Would Cut Consumer Spending
A Value-Added Tax being mulled in Washington has retailers worried. A survey says shoppers will cut spending if it’s enacted.
Small Businesses Fear Expiring Tax Cuts
Tax cuts that went into effect under former President George W. Bush are set to expire at the end of this year. That could be bad news for small business owners, the Wall Street Journal reports. “Because most small firms are structured so that they pay individual rather than corporate income taxes, some would be […]
Action on Death Tax
The head of the House Ways and Means Committee says he plans to begin work shortly on a permanent solution for the federal estate tax that was temporarily repealed for the year 2010. Other Bush Administration era tax cuts are also set to expire at the end of this year. “The sooner we do it […]
5 Small Biz Tax Tips
DEBTGURU.COM, a debt management company at www.DebtGuru.com, reminds small businesses that tax time is getting closer.
Estate Tax Expiration
THE CONGRESSIONAL tax writing committees have allowed the federal estate tax to expire on January 1, 2010.
