MoreEarlier this week, President Obama announced a number of measures targeted to helping small businesses weather the economic crisis. The aid package taps into American Recovery and Reinvestment Act (ARRA) monies to provide a number of tax benefits and write-offs, including the option of writing off up to $250,000 worth of qualified investment in 2009. Small businesses that carried a net operating loss for 2008 will also be able to carry that loss back for five years (vs. the previous two-year timeframe).
Additional provisions are aimed at increasing the availability of credit to small businesses while eliminating or rebating some of the fees that can be associated with loans.
Visit the links below for additional details.
Additional provisions are aimed at increasing the availability of credit to small businesses while eliminating or rebating some of the fees that can be associated with loans.
Visit the links below for additional details.
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