Obama Small Business Policies: Tax Reforms and Increased Investments
Obama’s recent victory secured his second term as the President of the United States, and as with the start of any new Presidential term, businesses and the general public are eager to see how policy reforms will affect them directly. The Obama small business policies reiterated in his campaign called for action and not politics, which is comforting for entrepreneurs and small business owners. According to the Obama campaign spokesperson Adam Fetcher, there are many specific small business policy reforms planned for the United States over the next four years, which are outlined below.
Using Your Car for Small Business Use? What Uncle Sam Needs to Know
It’s not unusual for small business owners to use their personal vehicle for company errands and meetings. If you can afford it, buying a separate car for business use often entitles you to more tax benefits. There are a variety of tax laws that pertain to the use of your car for small business purposes you need to be aware of. If you don’t want Uncle Sam breathing down your neck, here are five correct ways to write-off your vehicle: