Need a Boost?
Here's one handout you don't want to pass up.
When President Bush signed the stimulus package in February, it not only promised cash rebates for tax payers, but also spelled assistance for entrepreneurs. Included in the package: an immediate 50 percent bonus deduction on new equipment that would normally be depreciated over many years, and an increase from $128,000 to $250,000 of the limit on expenses that small businesses can deduct from annual income (with a total cap of $800,000).
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
When Her Parents' Restaurant Burned Down, This First-Generation Founder's Hot Sauce Brand Rose From the Ashes to Take on Corporate Giants
-
Not Hitting Your Goals? Here's How to Know If You Should Change Tactics or Strategy.
-
You Can Generate Your Own Viral LinkedIn Post With This Hilarious Tool
-
This Couple Lost Everything When the Housing Market Crashed. But Manifesting 'Magic' Helped Them Launch a Metaphysical Brand With 10 Stores.
-
The Best Software Solutions and Tech Providers in the Franchising Industry
-
This 18-Year-Old Student Wanted a Better Way to Keep Track of His School Work. So He Built an App — and a Business.
