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For small businesses and entrepreneurs, some welcome clarity

from The New York Times

Small-business owners, who often consider taxes among their biggest concerns, didn’t get major new tax breaks this year. But they have gotten something else: greater clarity about deductions and credits, which should help their planning for 2016. In December, Congress passed the Protecting Americans From Tax Hikes Act, which enhanced and made permanent several tax provisions that Congress had been renewing haphazardly in previous years. Some of those provisions were extended retroactively late in the year, which made it difficult to make informed decisions about long-term purchases and investments. more


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