Changes: IRS tax changes for small businesses.

• Position: IRS NEWS

During 2010, new laws, such as the Affordable Care Act and the Small Business Jobs Act of 2010, created or expanded deductions and credits that small businesses and self-employed individuals should consider when completing their tax returns and making business decisions in 2011. These issues include:

* Health insurance deduction reduces Self Employment Tax

* The Small Business Health Care Tax Credit

* The General Business Credit for Employers

* Small businesses can benefit from higher expensing and depreciation...