Sentences with phrase «because small business deductions»

«The worst part [of the NDP plan],» Mintz added, «is that it doesn't have good economic impacts because small business deductions contribute to a wall of taxation, so if they grow, they lose some of their benefits and get hit with higher taxes....

Not exact matches

These tax credits, also known as «tax extenders,» because they tend to expire every year or two, are meant to stimulate the economy by giving smaller businesses an incentive, through deductions, to invest in equipment, property, and employees.

Remember, the tax deductions on these pages are just the ones that many small business owners overlook, either because they didn't realize the tax deduction might apply to their business or because they didn't know they could do that.

All small business owners, including those who own the smallest of home - based businesses, are currently entitled to this deduction because it helps to offset the self - employment tax paid on their profits.

One that may appeal to small businesses and to self - employed individuals is the savings incentive match plan for employees (SIMPLE) because, as the name implies, it is easy to set up and administer, and employers are allowed to take a tax deduction for the contributions that are made.