With the media frenzy and political back and forth over the extension of the Bush Tax Cuts, you might have missed the 2010 Small Business Jobs Act (SBJA), signed into law on September 27, 2010. This new law includes a broad spectrum of tax relief designed to stimulate business investment and spending. The hope is to pump some life into the largest category of employer in our economy – the small, privately owned businesses.

The Act’s title of “small business” is somewhat of a misnomer. Its provisions have a significant impact on businesses of all sizes, not simply small ones. In addition, the new law includes some retirement savings incentives for individuals and other provisions unrelated to small businesses jobs creation.

Over the next few weeks we will be featuring a series of articles on this important law and discussing the elements of the SBJA that all businesses should be aware of.