ECONOMIC STIMULUS FOR SMALL BUSINESS

March 11, 2009 on 12:29 am | In Bravo, FASCINATING INFORMATION, Government, Money, Problem Solving, Trends, Uncategorized, economy |

 ECONOMIC STIMULUS FOR SMALL BUSINESS

 by Jodi Summers

Everyone is bitching about how the Economic Stimulus Bill does nothing to benefit small businesses. Okay, so maybe it isn’t everything the Republicans had hoped for, but as BusinessWeek.com astutely points out, President Obama’s bill contains several tax provisions designed to assist small businesses struggling through a tough economic times.

Net operating loss carryback. If your business operated in the red in 2008, but paid taxes on profits in the past five years, you can apply last year’s loss to prior-year taxes—and possibly get a refund on taxes you’ve paid in the past. It’s a bit like reassessing your property value.

 Deduct and depreciate equipment. Companies that bought new equipment in 2008 can treat it as an operating expense and immediately deduct the whole amount up to $250,000, a $117,000 increase over its previously scheduled limit.

 Shorter holding period for S-Corps. “This shortens the period that S-corp assets can be sold without paying taxes on built-in gains,” explains BusinessWeek.com. “A built-in gain is the difference between the fair market value of the assets and their tax basis at the time the company put an S-corp in place. The impact of this is that many business owners will be able to retire earlier without facing two layers of taxation.”

http://www.realtor.org/RMODaily.nsf/pages/News2009022401?OpenDocument

http://highbridnation.com/wordpress/wp-content/uploads/2008/05/stimulus.jpg

http://rlv.zcache.com/economic_stimulus_package_t_shirt-p235378275582632747s564_400.jpg

http://images.thestreet.com/tsc/rss/images/itunes_small-business_300×300.jpg

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  1. “Relatively speaking, the warehouse market is expected to be one of the most resilient industrial property sub-sectors amid the prevailing financial turmoil,” says Simon Lo, director of research and advisory at Colliers Kong Kong. “As such, rents for warehouses with ramp access and cargo lift access are forecast to see a milder decline…in the next 12 months compared to those for factory premises.”

    Comment by John McCloud — March 11, 2009 #

  2. Properties that we’ve seen before that initially didn’t meet our underwriting criteria, are somehow becoming available again at much more reasonable prices. I would add that in this market, particularly with the Obama administration…there are certainly many opportunities.

    Comment by Gwen Rowden — March 11, 2009 #

  3. OC-Based Church Says Greenest Church Building is the One that is Never Built

    Like many companies and households, churches throughout the United States are going green–reusing building materials and using energy-efficient light bulbs–in an effort to care for God’s creation. But one OC-based church has found a way to be even greener.

    When The Well, once a traditional Southern Baptist Church in Orange County, left its building in 2005 to become a community of house churches, they did not do it for environmental reasons. However, Ken Eastburn, pastor of The Well, does believe this model allows the Church to be good stewards of its resources and of the environment.

    “People attend house-church gatherings closer to their homes, so they cut down significantly on miles traveled. And because we have no dedicated building, our carbon footprint is fairly minimal,” says Eastburn.

    And the experts agree. In a May 19 article on BuildingForMinistry.com, Steven P. Fridsma writes, “The greenest building material is the one you never have to use.”

    That theory sits well with Eastburn, who notes: “While we moved to meeting in homes because that is where God led us, the fact that The Well is being a good steward of God’s creation is an added bonus to being a community of house churches.”

    The Well continues to actively learn what it means to be a church body without a building and encourages other churches and individuals to explore with them on their blog: http://www.leavethebuildingblog.com. From going green to maximizing resources, blog participants can dialog about a variety of church and faith-related topics aimed at maximizing the effectiveness of the Church and its members.

    Comment by Earned Media — June 18, 2009 #

  4. Thanks for the comment at our site!

    I would love to hear more about what you do. It’s always nice to have a source in the SoCal housing market, and I may be able to cite you from
    time to time …

    BTW: I lived on Venice Beach (Navy St.) for a while.

    All the best,

    Damien

    Comment by Damien Hoffman — July 27, 2009 #

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