Senators push for national renewable energy standard

U.S. Senators Jeff Bingaman and Tom Udall of New Mexico are pushing for a national renewable electricity standard, which would require 15 percent of all power produced by utility companies to be renewable or alternative energy. It would be the first national renewable energy standard (RES), and it would increase

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Small-business bill could have big impact

President Obama signed a law today that will create up to $30 billion in loans for small businesses and $12 billion in tax breaks for businesses of all sizes. Among other things, the Small Business Jobs and Credit Act of 2010 will: Increase the tax write-off for certain capital expenses.

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Health Care Credit for Non-Profits

The IRS recently released guidance for small businesses and non-profits that are eligible for the health care credit that was unveiled in March. Small businesses will include it as a general business credit on their income tax returns; non-profits will claim it on a revised Form 990-T. If your organization

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Tax deduction could help, but grant would help more

President Obama is expected to make a public push to expand the income tax deduction that businesses can claim for investments in non-real estate assets. His proposal is, in essence, elective 100 percent bonus depreciation – “elective” meaning the taxpayer does not have to claim the deduction otherwise made allowable

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