The House passed the Small Business Jobs Tax Relief Act of 2010 on Tuesday. The bill would eliminate certain tax penalties for small businesses, allow the exclusion of 100% of capital gains on investments in qualifying small-business stock, and allow the deduction of up to $20,000 in startup costs unrelated to capital or equipment. WebCPA (6/15)
House approves tax-relief measures for small businesses
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About the Author: Lauryn Charles
Lauryn Charles owns and manages Accountable Financial Services Group, Inc., founded in 2007. Lauryn has many years of experience working with small business owners in the field of accounting, banking, and financial services. An accounting graduate with an MBA in International Business from Florida Atlantic University, Ms. Charles is an expert tax preparer and accountant. She is an Enrolled Agent admitted to practice before the Internal Revenue Service.
Ms. Charles supports her local community by engaging chambers of commerce, sitting on boards of directors for non-profit organizations, and providing tax and financial education to those in need.
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