You’ve been searching for weeks or maybe months and you finally have a job offer in hand! Before you say yes, pay attention to the details. Some factors such as salary are obvious, but your gut instinct may provide the best guide in making a decision.
In December 2010, President Obama signed the Tax Relief, Unemployment Insurance Re-authorization and Job Creation Act of 2010, answering the question “will energy efficient tax credit be extended in 2011?” However, the new legislation places limits on credits allowed for many energy efficient items.
As a new entrepreneur, you should carefully consider the advantages and disadvantages of incorporating your business. Incorporation establishes a company as a separate legal and tax entity. This limits your personal liability, but also carries potential drawbacks of which you may not be fully aware.