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Barbara Weltman

Big Ideas for Small Business, Inc.

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Small biz start-up savings account?

August 30, 2014 / By Hudson Fusion

That’s what the Incentivize Growth Now in Tomorrow’s Entrepreneurs Act would allow. This bill introduced in the Senate (S. 2724) would allow nondeductible contributions to a Small Business Start-up Savings Account that could be tapped tax free for startup costs. It’s been referred to the Senate Finance Committee. Chances of passage: Who knows?

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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