New Small Business Tax Proposal Create Opportunities Says NJ Business Broker, Achim Neumann
At the end of January, the White House announced several initiatives designed to stimulate small business investment, including a 5-year extension of the capital gains tax exemption included in President Obama's Small Business Jobs Act of 2010.
Small business owners have long advocated for permanent tax breaks to encourage professional investors to fund promising start-ups. President Obama is expected to introduce a 100% capital-gains tax break in his 2012 budget, and this would extend a temporary measure introduced in Small Business Jobs Act back in September.
"These ...