There have been a few changes this year and last year that apply to small business owners, creating a more affordable retirement plan option, and reducing the capital gains tax percentage, to name two. Most of the other changes apply to individuals (which can include you of course), but are not business oriented. I mentioned the office in home deduction change in 1999 above, and there are some other breaks for businesses with increased Section 179 deductions limits (for fixed assets), and deduction of health insurance (30% of premiums paid now; (more…)
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