5 Overlooked Tax Breaks for Small Businesses—Wall Street Journal Small Business Blog

Last Month’s Fiscal Cliff Legislation Included Lots of Tax Provisions. But Not Just for Individuals — There Are Tax-Saving Breaks for Businesses Too.  Here’s What You Need to Know.

Bill Bischoff at The Wall Street Journal Small Business Blog reports that last month’s fiscal cliff legislation included some important tax breaks for individuals; a longer version of his article appears at MarketWatch.  Here’s the short list.

Be sure to read the full article to get all the specifics and details: 

• Generous Depreciation Deductions for New and Used Assets
• 50% First-Year Bonus Depreciation for New Assets
• Social Media Tips for Small Businesses
• 100% Gain Exclusion for Qualified Small Business Corporation Stock
• Tax-Free Transit and Parking Deals for Employees

But How Will it Fit? 

 see also:

• Small-Business Tax Incentives Survive the Deal  —New York Times  [01/02/2013]
• Top Tax Deductions for Your Small Business  —Nolo.com
• Tax Breaks for Small Business  —Bankrate