The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business. Paying for the tax breaks, in large part, are new provisions allowing taxpayers to convert 401(k) and government retirement accounts into Roth accounts, in which they pay taxes up front on the money they contribute, enabling them to withdraw it tax-free after they retire.

The recently enacted Small Business Jobs Act of 2010 includes a wide-ranging assortment of tax changes generally affecting small business. One provision that could be valuable to business owners this year concerns the calculation of self-employment tax.

For an example of genuine tax simplification, it would be hard to beat a provision in the recently enacted 2010 Small Business Jobs Act. For the last several years, just about everyone, it seems, even the IRS, has complained about the archaic rules governing the tax treatment of employer-provided cell phones.

The Kansas Department of Revenue has issued a revenue ruling (Kansas Revenue Ruling No. 19-2010-05) that provides guidance on progress payments for contract labor services.

The recently enacted 2010 Small Business Jobs Act of 2010 includes a wide-ranging assortment of tax changes generally affecting small business. One of the changes could help those who are starting a business this year. It provides a 100% exclusion of gain from the sale of small business stock, with certain limitations. Here are the details.

If you've recently started a business, or if you're in the process of starting one now, you should be aware of a recent tax law change that could make a big difference in your tax bill. The recently enacted 2010 Small Business Jobs Act doubles the amount of start-up expenses that someone starting a business in 2010 can write off this year. Here are the details.