Business Web Site of the Week - SBA Economic Stimulus Package Resource Center

In response to the 2008 Economic Stimulus Package, the U.S. Small Business Administration (SBA) has created a resource center. The resource center provides tax management tools and strategies that entrepreneurs and small businesspeople can use to maximize savings from the Economic Stimulus Package.

The resource center currently includes three resources. The fact sheet provides a highlight of the tax benefits of the Economic Stimulus Package, while the calculator allows users to estimate the first year depreciation available under the Stimulus Package. Or users can use the on-line seminar – which concludes with the depreciation calculator - to learn about the tax benefits provided by the Stimulus Package.

In addition to their resource center, the SBA recommends you contact your tax advisor for specific implications of the Economic Stimulus Package of 2008 for your business. You may also refer to the Internal Revenue Service information on the topic at http://www.irs.gov/newsroom/article/0,,id=179227,00.html.