The recession: good for small business?
February 14, 2008 by ShannonCherry
Filed under Business
When the new stimulus package becomes checks in May, many small business own
ers will find the month one of the more flush ones.
You see, once taxpayers get their hands on their checks, they are most likely going to spend it, especially for products and services that small businesses provide.
In addition, some other benefits passes by the resolution that President Bush will soon sign into law, will give companies a 50 percent bonus deduction on new equipment that would normally be depreciated over many years. It also increases the limit on expenses that small businesses can deduct from annual income, with a total cap of $800,000.
So what are you going to do with your check?
Invest it. I view it as money that isn’t figured into my budget. So, it’s a chance to start something I would not otherwise feel comfortable taking a chance on, if it meant I would in some way alter my already made plans.
And what are your plans for the ” manna ?”
Bea Kunz
http://www.sagehillfarmsandvintagestore.com
This is helpful as we search for professional opinions and ideas in support of our direction with our businesses.