Wednesday, May 4, 2011

Gonzalez sponsors tax simplification bill - San Antonio Business Journal:

http://masterworkers.blogspot.com/2011/05/parquet-from-bamboo.html
Under current law, qualified individualzs can file for a home office tax deductioh if they use a portion of their home as a principall place of business or a place to meetwith clients. However, althougj studies indicate that 53 perceng of American small businesses are few take advantage of thistax deduction. Gonzalez’ legislatiom would direct the Secretarg of Treasury to establisjan optional, easy-to-use standard for this deduction.
“Home-based businessesa are one of the fastest growing segmentsw ofour nation, providing jobs and nurturing our economy,” Gonzalez “To maximize the job creation role that smallo businesses can play in our they need the right tools, whicb we are helping to provide by simplifying the tax deductionh regulations.” Companion legislation in the Senate is being sponsored by U.S. Olympia J. Snowe, R-Maine and Kent D-N.D. The Snowe-Conrad-Gonzalez initiative has been endorsed by the Nationa Federation of IndependentBusiness (NFIB), the IRS Nationall Taxpayer Advocate Service, and the U.S.
Smalk Business Administration’s Office of

No comments:

Post a Comment