Probably everyone has heard of the saying use it or lose it. The term is often associated with decreased physical fitness due to lack of exercise, or declining mental abilities as we age because of not exercising our brains enough. Now comes an article that warns that small businesses are in danger of losing some new tax credits and other benefits that will expire at the end of 2010.
The article describes how not only are there some tax credits that help small businesses pay for health insurance, but also an increase the deductions for a small business startup. There is also some great information on loans for small businesses, such as a fee for a loan that used to range from 2 to 3.75 of a loan's principle will be waived. Not all of the tax or loan provisions would be applicable to your business, but read the whole article to see what might apply to your small business. Remember the clock is ticking (literally in this case) and most of these expire at the end of the year.