Ray Biello is president of Ray P. Biello & Associates Inc. in Berea, Ohio. He suggests you consult with a local Certified Public Accountant to help with questions, but if you operate in Northeast Ohio, contact him at 440-260-0800, or e-mail raybiello@netscape.net.
On May 20, 2009, the IRS issued a press release encouraging small businesses to take advantage of tax-saving opportunities created under the 2009 economic stimulus act passed earlier this year. This article provides brief descriptions of some of those tax breaks that may be of interest to you or your clients.