ÿþ<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.1//EN" "http://www.w3.org/TR/xhtml11/DTD/xhtml11.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en"> <head> <title>Taxes And Things: did you know?</title> <meta http-equiv="content-type" content="text/html; charset=iso-8859-1" /> <!-- **** Layout Stylesheet **** --> <link rel="stylesheet" type="text/css" href="../style/style106_right.css" /> <!-- **** Colour Scheme Stylesheet **** --> <link rel="stylesheet" type="text/css" href="../style/colour2.css" /> </head> <body> <div id="main"> <div id="links"> <!-- **** INSERT LINKS HERE **** --> <a href="../contact.htm">Contact Us</a> </div> <div id="logo"><h1>Taxes And Things</h1></div> <div id="content"> <div id="menu"> <ul> <li><a href="../index.htm">HOME</a></li> <li><a id="selected" href="../whatsNew.htm">What's New</a></li> <li><a href="../message.htm">Did You Know?</a></li> <li><a href="../links.htm">links</a></li> <li><a href="../forms.htm">forms</a></li> <li><a href="../testimonials.htm">testimonials</a></li> <li><a class="last" href="../faq.htm">faq</a></li> </ul> </div> <div id="maincolumn"> <h1>did you know- sale of home</h1> <!-- **** INSERT PAGE CONTENT HERE **** --> You may have heard how the economic stimulus package (the American Recovery and Reinvestment Act of 2009) recently enacted by Congress contains tax cuts for individuals. However, receiving less publicity is the fact that the new law provides important tax relief for businesses coping with the struggling economy as well as tax incentives to spur new business investments.<br /><br /> For example, the economic stimulus package <ul> <li>Extends a tax break enacted last year that allows more businesses to "expense" write off immediately the cost of equipment and machinery used in the business.</li> <li>Extends another break that permits businesses to claim increased first-year depreciation deductions for equipment and machinery that s not eligible for expensing.</li> <li>Creates and expands energy-related tax incentives for businesses, including a new tax credit for businesses that manufacture energy-saving equipment.</li> <li>Reduces taxes for investors in qualifying small businesses if they hold on to their investments for at least five years.</li> <li>Provides a new tax break for businesses that hire unemployed veterans and young people.</li> <li>Makes it easier for a business to get a refund of prior taxes paid when it s running a current operating loss.</li> <li>Defers the tax owed when a business s debts are cancelled or settled for less than face value.</li> <li>Reduces the estimated tax payments that certain small businesses are required to pay.</li> </ul> Please contact us if you want to discuss what tax savings are available to your business under the new law. <br /> <br /> Sincerely, <br /> <br /> Douglas A. Sevy </div> </div> <div id="footer"> &copy; 2004-2010 Douglas A. Sevy | <a href="../contact.htm">Contact Us</a> | Phone (951) 775-7944 | Fax (951) 602-6016 </div> </div> </body> </html>