New Tax Breaks for Small Business's

[pennypinch]

Here is some good news for you if you own a small business. The government has added new tax breaks for small business's.

Health care tax credit. If you pay at least half of your employees health coverage you get a hefty credit.

Self employment health insurance deduction. You have been able to deduct your health insurance costs from your business profits but not on the self employment taxes. Now you can do both.

General Business credit. If you typically get hit by the alternative minimum tax you might catch a break this year. In the past general business credits weren't used for calculating the AMT, now they are.

The tax code is so confusing. There is no doubt about that. But learning what breaks you can get can make a huge difference in what you owe or what you are owed!

There are a couple more tax breaks and more detailed information here...
2010 Small Business Tax Breaks