Indy Joe: What Tax Changes for 2009 Should I be Aware of?

Today’s Question is: What Tax Changes for 2009 Should I be Aware of? Today’s Answer is submitted by: Jim Ventriglia of James P. Ventriglia, CPA, Inc. or Cranston, RI. James P Ventriglia, MST, CPA, is DDIFO’s CPA and has been servicingthe accounting needs of Dunkin’ Donuts franchisees for decades. Contact him at jimv@jpvcpa.com or at 401-942-0008.

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Franchise Industry Lobbies to Extend Small Business Tax Benefits

It may take months or even years before markets return to normal, yet a number of key tax measures that have helped small firms survive the downturn are set to expire, touching off a scramble on Capitol Hill to get them extended. The franchise industry, one of the biggest beneficiaries, has taken the lead in the lobbying effort as the clock winds down on several key tax incentives.

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