The Small Business Jobs Act

hook to take action on unemployment, the small business market can expect more help. That some of this will affect small business insurance is inevitable. Just as the health insurance deductions have been modified to encourage more small businesses to maintain adequate plans, you can expect to see more breaks and allowances for investment. This spins off into insurance territory because, if the rate of depreciation on plant and equipment is increased, this writes down the value for insurance purposes, and so on. You may find it worth your while to have an insurance audit at the end of this tax year to ensure you have up-to-date values in place, e.g. on rebuilding costs for property insurance, the replacement of fixtures and fittings, and so on.

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